tiprankstipranks

Legal & General Updates Total Voting Rights Following Share Cancellation

Story Highlights
Legal & General Updates Total Voting Rights Following Share Cancellation

Don’t Miss TipRanks’ Half-Year Sale

Legal & General ( (GB:LGEN) ) has issued an update.

Legal & General Group Plc announced its total voting rights as of May 30, 2025, with a capital consisting of 5,789,716,051 ordinary shares, all with voting rights. The company recently purchased and canceled 1,247,919 shares, reducing the total number of shares and voting rights to 5,788,468,132. This update is crucial for shareholders to determine their notification obligations under the FCA Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.20 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.

The most significant positive factor is the company’s ongoing share buybacks, which enhance shareholder value and reflect strategic financial management. However, the financial performance raises concerns due to declining revenues and profitability, which are mitigated by technical indicators suggesting positive momentum. The high dividend yield offers compensation for the elevated P/E ratio, balancing the valuation concerns.

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

More about Legal & General

Legal & General Group Plc operates in the financial services industry, providing a range of products including life insurance, general insurance, pensions, and investment management services. The company primarily focuses on the UK market but also has a presence in the US and other international markets.

Average Trading Volume: 24,954,839

Technical Sentiment Signal: Strong Buy

Current Market Cap: £14.22B

Learn more about LGEN stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1