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Legal & General Group PLC Add to portfolio

LON100:LGEN, Apr 25, 02:49 UTC

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Thursday, April 18


News

Legal & General Group Plc Increases Stake in AZZ Inc (AZZ)

LGEN DISCK +1 more LGEN DISCK DISCA

Legal & General Group Plc grew its stake in shares of AZZ Inc (NYSE:AZZ) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stifel Nicolaus reissued a “hold” rating and set a $50.00 price target on shares of AZZ in a research report on Wednesday, December 19th. AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets.

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  • Financial

Wednesday, April 17


Social Chatter

Legal & General Group PLC (LON100:LGEN) social chatter is higher than usual

LGEN
Alarm from biggest money manager on #climatechange. @landg_group says it voted against nearly 4,000 directors last year. Significant for it speak out like this - and for @BBCSimonJack to be writing on it. https://t.co/asOOSuRfb5

Tuesday, April 16


Social Chatter

Legal & General Group PLC (LON100:LGEN) social chatter is higher than usual

LGEN
UK's biggest money manager Legal & General warns on #climate catastrophe https://t.co/p08P76HR5T
Social Chatter

Legal & General Group PLC (LON100:LGEN) social chatter is higher than usual

LGEN
Great to see @landg_uk, who manage £1 trillion of pension funds, setting a vital precedent on the way to do business responsibly and sustainably. 'Business as usual' will lead to irreversible damage to our environment https://t.co/fmoxJ5bZtG #Divestment

Sunday, April 14


News

AptarGroup, Inc. (ATR) Holdings Lifted by Legal & General Group Plc

LGEN

Legal & General Group Plc boosted its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. In other AptarGroup news, Director Stephen J. Hagge sold 3,634 shares of AptarGroup stock in a transaction dated Monday, March 4th. The industrial products company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.07. During the same period in the previous year, the firm posted $0.81 EPS. As a group, research analysts forecast that AptarGroup, Inc. will post 4.24 EPS for the current fiscal year.

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  • Business
  • Financial

Saturday, March 30


News

Legal & General Group Plc Has $50.08 Million Holdings in Apache Co. (APA) – Highlight Press

LGEN APA

Finally, Oregon Public Employees Retirement Fund raised its holdings in Apache by 2,492.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,087,958 shares of the energy company’s stock valued at $41,000 after acquiring an additional 1,045,998 shares during the last quarter. Shares of Apache stock opened at $34.66 on Friday. The firm has a market cap of $13.17 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 6.41 and a beta of 1.76. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, sell-side analysts expect that Apache Co. will post 0.78 earnings per share for the current year.

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  • Financial

Monday, March 18


News

Legal & General higher as JPMorgan ups stance to ‘neutral’ from ‘underweight’ following de-rating

LGEN JPM

JPMorgan Cazenove has raised its stance for Legal & General Group PLC (LON:LGEN) to ‘neutral’ from ‘underweight’ following a de-rating by its shares as the insurer continues to deliver on its growth plans. The US bank also raised its target price for the FTSE 100-listed firm to 285p from 239p, with the stock currently trading at 284.70p, up 1% on Friday’s close.READ: Legal & General sees AuM top £1trn and profits rise in 2018 despite market declines. In a note to clients, JPMorgan’s analysts highlighted three reasons for their rating upgrade, firstly, their view that L&G’s management has continued to deliver on growth plans, supported by a growing annuities business and consistent positive net inflows in asset management. Secondly, even though the shares have done well in the year-to-date, they noted that the stock has de-rated from a one-year forward price earnings (PE) of 15 times in 2015 to 11 times now. And the analysts also pointed out that L&G’s Solvency II ratio has improved from 163% in 1H16 to 190%.

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Friday, March 08


News

Glencore (LON:GLEN) Given Buy Rating at Deutsche Bank – Fairfield Current

LGEN DBK +1 more LGEN DBK GLEN

Glencore (LON:GLEN)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank in a research report issued on Wednesday, February 20th. They presently have a GBX 390 ($5.10) target price on the natural resources company’s stock. Finally, Societe Generale decreased their price objective on Glencore from GBX 420 ($5.49) to GBX 370 ($4.83) and set a “buy” rating for the company in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company.

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Wednesday, March 06


News

Legal & General becomes UK’s first £1 trillion investment manager

LGEN

The group said alongside its annual results that money pumped into infrastructure, clean energy, commercial real estate and residential property across British cities by its investment arm and an increase in international assets helped it reach the landmark figure. “We became the UK’s first £1 trillion investment manager, executed a record £9 billion of pension risk transfer deals and invested billions in the UK’s future infrastructure and cities.”. Legal & General booked record annuity sales of £10 billion in its pensions business, while its insurance arm saw gross written premiums rise 3% to £2.62 billion. Nicholas Hyett, equity analyst at Hargreaves Lansdown, said: “A lower than hoped for solvency ratio and a miss on cash generation hit Legal & General’s share price immediately after results were announced, but we think the underlying trends remain supportive of the long-term investment case.”.

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News

Legal General profit rises in 2018

LGEN

Legal & General Group PLC (LGEN.LN) said Wednesday that its operating profit rose in 2018 on insurance and investment-management growth, as assets under management exceeded the trillion-pound mark. The FTSE 100 company made an operating profit of 1.90 billion pounds ($2.50 billion), up 10% from 2017. Net profit fell slightly to GBP1.83 billion, affected by a prior-year tax benefit. Legal & General said it had record annuity sales of GBP10 billion in its pensions business, while in insurance, gross written premiums rose 3% to GBP2.62 billion.

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  • Business
  • Financial