Legal & General launches first £600m tranche of £1.2bn share buyback

Legal & General ( (GB:LGEN) ) just unveiled an update.

Legal & General Group Plc has begun the first tranche of a previously announced £1.2 billion share buyback programme, with this initial phase capped at £600 million and conducted via a non-discretionary agreement with Barclays Capital Securities. Shares repurchased under the programme, which could cover up to 476,796,751 shares and is scheduled to run from 12 March 2026 to no later than 18 September 2026, will be cancelled, reducing the company’s share capital and potentially enhancing earnings per share and capital efficiency for investors.

The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.40 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.

Spark’s Take on GB:LGEN Stock

According to Spark, TipRanks’ AI Analyst, GB:LGEN is a Neutral.

Legal & General’s overall stock score reflects a mix of financial challenges and positive market sentiment. The company’s financial performance is a concern due to declining revenues and cash flow issues. However, technical indicators show bullish momentum, and corporate events suggest confidence in future growth. The high P/E ratio indicates overvaluation, but the attractive dividend yield provides some balance.

To see Spark’s full report on GB:LGEN stock, click here.

More about Legal & General

Legal & General Group Plc is one of the UK’s leading financial services groups and a major global investor, with £1.2 trillion in assets under management, around 43% of which are international. The group operates across institutional retirement, retail savings and protection, and public and private markets through its asset management division, with a focus on responsible, long-term investing.

Average Trading Volume: 20,003,805

Technical Sentiment Signal: Strong Buy

Current Market Cap: £13.56B

For an in-depth examination of LGEN stock, go to TipRanks’ Overview page.