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Legal & General Group PLC Add to portfolio

LON100:LGEN, Jun 25, 06:41 UTC

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Tuesday, June 18


News

2,610 Shares in Eaton Co. PLC (NYSE:ETN) Purchased by Loews Corp – Rockland Register

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Loews Corp bought a new position in Eaton Co. PLC (NYSE:ETN) during the first quarter, according to the company in its most recent 13F filing with the SEC. Destination Wealth Management now owns 319 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 162 shares during the period. In other news, Director Olivier Leonetti purchased 630 shares of the business’s stock in a transaction dated Friday, May 17th. Finally, Wells Fargo & Co upped their target price on shares of Eaton from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th.

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News

Allstate Corp Increases Holdings in Eaton Co. PLC (NYSE:ETN) – Mayfield Recorder

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Boston Partners now owns 10,269,144 shares of the industrial products company’s stock worth $827,282,000 after buying an additional 2,978,615 shares during the last quarter. Norges Bank bought a new stake in shares of Eaton in the 4th quarter worth about $524,126,000. In other news, Director Olivier Leonetti purchased 630 shares of the company’s stock in a transaction that occurred on Friday, May 17th. Also, insider Joao V. Faria sold 4,301 shares of Eaton stock in a transaction dated Tuesday, May 21st. The industrial products company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01.

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Wednesday, June 12


News

Legal & General launches blockchain-based pension risk transfer platform

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Legal & General Group is launching a pension risk transfer execution platform driven by blockchain technology, said Thomas Olunloyo, CEO of Legal & General Reinsurance, in an email. The platform is called "estua-re" and will replace multiple processes and systems that have in the past separately driven each stage of PRT reinsurance deals, a news release said. Mr. Olunloyo said in a news release that the new platform "is the result of market-leading innovation led by the L&G re team and an exciting milestone in the deployment of blockchain in the long-term reinsurance space. Using AWS, we have been able to create a solution that addresses not only the greater speeds at which risks are transacted but also drives transparency and security in an increasingly interconnected market." Legal & General Group's pension risk transfer transactions include the largest U.K. risk transfer to date in 2018 when British Airways insured £4.4 billion ($5.6 billion) in liabilities of its Airways Pension Scheme, Hounslow, England, in a buy-in with the company.

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Tuesday, June 11


News

UK insurer Legal & General picks Amazon for first pensions blockchain deal

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UK insurer Legal & General picks Amazon for first pensions blockchain deal. LONDON (Reuters) - British insurer Legal & General has teamed up with Amazon to establish what it said is the first blockchain system for corporate pension deals. The insurer said it would use a managed blockchain system launched by Amazon Web Services (AWS) to handle bulk annuities, which involve Legal & General taking over companies' defined benefit or final salary pension schemes. Blockchain suits "the long-term nature of annuities business as it allows data and transactions to be signed, recorded and maintained in a permanent and secure nature over the lifetime of these contracts, which can span over 50 years," Thomas Olunloyo, CEO of Legal & General Reinsurance said.

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Friday, May 31


News

Legal & General to sell general insurance unit to Allianz

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Legal & General to sell general insurance unit to Allianz. LONDON, May 31 (Reuters) - Britain's Legal & General Group will sell its general insurance business to a UK subsidiary of Germany's Allianz for 242 million pounds ($305 million), the companies said on Friday. Legal & General will use the funds to reinvest in its core businesses, it said, and will complete the deal in the second half of 2019. The portfolio being sold comprises mainly retail customers who hold household insurance policies. ($1 = 0.7930 pounds) (Reporting by Lawrence White; Editing by Susan Fenton). What to read next.

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Thursday, May 09


News

Legal & General Group Plc Raises Stake in Hudson Ltd (NYSE:HUD) – Finance Daily

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Legal & General Group Plc grew its position in Hudson Ltd (NYSE:HUD) by 797.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. Several other hedge funds have also recently bought and sold shares of the company. Finally, Credit Suisse Group cut Hudson from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $24.00 to $17.00 in a research note on Thursday, January 10th. During the same quarter in the previous year, the company posted ($0.30) EPS. As a group, sell-side analysts anticipate that Hudson Ltd will post 0.72 EPS for the current year.

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Wednesday, May 08


News

Legal & General Group Plc Grows Holdings in 3M Co (MMM) – Finance Daily

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Legal & General Group Plc boosted its stake in 3M Co (NYSE:MMM) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors also recently made changes to their positions in MMM. Oregon Public Employees Retirement Fund increased its stake in 3M by 17,350.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 26,897,007 shares of the conglomerate’s stock worth $141,000 after purchasing an additional 26,742,875 shares during the period. Geode Capital Management LLC now owns 7,416,248 shares of the conglomerate’s stock worth $1,410,584,000 after buying an additional 353,754 shares during the last quarter. JPMorgan Chase & Co. dropped their price target on 3M from $158.00 to $154.00 and set an “underweight” rating on the stock in a research report on Friday, March 29th.

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Monday, May 06


News

Eaton Co. PLC (ETN) Holdings Trimmed by LS Investment Advisors LLC – Finance Daily

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LS Investment Advisors LLC trimmed its holdings in shares of Eaton Co. PLC (NYSE:ETN) by 5.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). In other news, insider Curtis J. Hutchins sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. Insiders sold a total of 68,214 shares of company stock worth $5,325,805 in the last ninety days. During the same quarter last year, the firm earned $1.10 EPS. As a group, equities research analysts anticipate that Eaton Co. PLC will post 5.88 earnings per share for the current fiscal year.

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Saturday, May 04


News

Eaton Co. PLC (ETN) Shares Bought by Destination Wealth Management – Finance Daily

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Teachers Advisors LLC now owns 1,589,682 shares of the industrial products company’s stock worth $137,873,000 after buying an additional 400,148 shares during the last quarter. Nordea Investment Management AB acquired a new stake in Eaton in the 3rd quarter worth about $11,970,000. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Eaton Co. PLC has a 12 month low of $64.46 and a 12 month high of $89.46. The industrial products company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01.

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Friday, May 03


News

Legal & General Group Plc Acquires 764 Shares of PlayAGS Inc (AGS) – Finance Daily

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Legal & General Group Plc boosted its holdings in PlayAGS Inc (NYSE:AGS) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. In related news, major shareholder Ap Gaming Voteco, Llc sold 4,000,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The company had revenue of $72.10 million for the quarter, compared to analysts’ expectations of $69.89 million. As a group, equities analysts predict that PlayAGS Inc will post 0.65 EPS for the current year. Zacks Investment Research raised shares of PlayAGS from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Monday, April 15th.

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