The latest update is out from Legal & General ( (GB:LGEN) ).
Legal & General Group Plc announced the repurchase of 800,000 ordinary shares as part of its share buyback program, with the shares being purchased through Barclays Capital Securities Limited. This move will result in the cancellation of the repurchased shares, reducing the total number of shares in issue to 5,885,024,637, thereby potentially increasing the value for existing shareholders by reducing the supply of shares in the market.
More about Legal & General
Legal & General Group Plc is a leading financial services company based in the United Kingdom. The company specializes in life insurance, general insurance, pensions, and investment management, focusing on providing financial security and investment solutions to a wide range of clients.
YTD Price Performance: 5.70%
Average Trading Volume: 18,203,545
Technical Sentiment Signal: Strong Sell
Current Market Cap: £14.13B
For a thorough assessment of LGEN stock, go to TipRanks’ Stock Analysis page.