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Legal & General Group PLC Add to portfolio

LON100:LGEN, Oct 16, 09:04 UTC

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Sunday, October 14


News

Legal & General Group Plc Purchases 3,312 Shares of Hyatt Hotels Co. (H) – Fairfield Current

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Legal & General Group Plc grew its stake in Hyatt Hotels Co. (NYSE:H) by 9.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors also recently modified their holdings of H. Envestnet Asset Management Inc. boosted its holdings in shares of Hyatt Hotels by 201.2% during the 1st quarter. Berenberg Bank cut shares of Hyatt Hotels from a “buy” rating to a “hold” rating and raised their target price for the stock from $83.00 to $87.50 in a research note on Thursday, July 19th. In other news, insider H Co Lp Lci sold 110,480 shares of the business’s stock in a transaction on Wednesday, August 22nd.

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Monday, October 08


News

Legal & General strikes 2.4 bln stg pension de-risking deal

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Legal & General strikes 2.4 bln stg pension de-risking deal. LONDON, Oct (Shenzhen: 000069.SZ - news) 8 (Reuters) - Legal & General said on Monday it had agreed a deal to insure 2.4 billion pounds ($3.14 billion) in pension risk with the Nortel Networks UK Pension Plan, adding its deal pipeline was at a record high. With (Other OTC: WWTH - news) insolvency proceedings now resolved, the pension scheme had been able to agree a deal with L&G that will give its members better benefits than they would have received in the PPF (Shenzhen: 300258.SZ - news) , L&G said, with more deals likely on the way. "Legal & General’s UK pipeline is stronger than we have ever seen, with 25 billion pounds currently in active pricing discussions following the completion of the Nortel buyout. Our international pipeline is also the strongest we have ever experienced."

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Friday, October 05


Social Chatter

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

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Legal & General is backing a scheme to create a £1.8 billion network of science and technology centres in regional cities. The investment group has formed a joint venture with Bruntwood, the property company behind Manchester Science Partnerships. https://t.co/C0ilkicfaF
Social Chatter

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

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Bruntwood & Legal & General Capital form jv to build £1.8bn Bruntwood SciTech, a new property company focusing on the science & technology sectors | @hatcherdavid #science #tech #proptech @landg_group @Bruntwood_UK @Savills @CBRE @EYnews https://t.co/Drfcb7COEC

Thursday, September 13


News

Legal & General completes £4.4bn pension deal with British Airways

IAG IAG +1 more IAG IAG LGEN

The insurer said the deal would cover about 22,000 pensioners in the largest ever bulk annuity policy arranged with a UK pension scheme. "We are actively quoting on £27bn of UK PRT deals demonstrating the strong demand for insurance, supported by increasing affordability, as trustees seek to improve security for members and companies look to remove legacy liabilities. "READ: Legal & General first-half profits fall as volatility weighs on investment portfolio. British Airways, owned by International Consolidated Airlines Group PLC (LON:IAG), is one of many UK companies trying to address large pension deficits. Virginia Holmes, chair of the British Airways sponsored Airways Pensions Scheme, said: "This transaction is the latest in a number of insured arrangements entered into by the Airways Pension Scheme.

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News

Legal & General completes £4.4bn buy-in for British Airways PLC's pension scheme

IAG IAG +1 more IAG IAG LGEN

StockMarketWire.com - Legal & General Group said Thursday it had completed a £4.4bn buy-in for British Airways PLC's pension scheme, Airways Pension Scheme, covering nearly 22,000 pensioners. 'This is the largest ever bulk annuity policy arranged with a UK pension scheme and also included the conversion of existing longevity insurance into a bulk annuity,' the company said. Legal & General said it expects to announcement further transactions in the UK PRT market within the next few months. 'I'm delighted that Legal & General has transacted the largest bulk annuity to date in the UK for British Airways' pension scheme. As we indicated at the half year results, the second half of 2018 is likely to be a record six months for our PRT business and we expect to announce further transactions in the next few months,' said Nigel Wilson, Chief Executive, Legal & General Group.

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Sunday, August 05


News

Legal & General inks lifetime mortgage deal with Virgin Money

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Aug 6 (Reuters) - British insurer Legal & General (LSE: LGEN.L - news) said on Monday it has teamed up with Virgin Money to offer lifetime mortgages to Virgin customers at the end of their interest-only home loan term. Under the five-year deal, Virgin Money customers aged over 55 with interest-only mortgages will be eligible to apply for the loans. Regulators told Britain's banks earlier this year to step up checks on 1.7 million customers with interest-only home loans as in many cases these customers have no clear plan for repaying capital. "Solving the interest-only challenge is just one area where we see lifetime mortgages as a potentially transformative solution for the lives of UK borrowers," Steve Ellis, CEO, Legal & General Home Finance, said.

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Wednesday, July 25


Social Chatter

Sunday, July 15


News

Why Legal & General is one of my top FTSE 100 dividend stocks

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Shares in insurance and investment specialist Legal & General Group(LSE: LGEN) currently offer a high dividend yield of 5.8%. Here’s why I think the stock is currently one of the best dividend stocks in the FTSE 100. At 5.8%, Legal & General’s is over twice that, meaning investors in the stock are pocketing some big cash payouts. Sometimes, you need to be a little careful with high-yielding stocks. A good example is BT Group, which currently yields nearly 7% — investors clearly have their doubts about the dividend. Yet, in Legal & General’s case, the dividend looks sustainable, to my mind.

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Wednesday, June 27


News

E*TRADE Financial Corp (ETFC) Position Reduced by Legal & General Group Plc – RealistInvestor.com

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Legal & General Group Plc decreased its position in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 4.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The company has a market cap of $16.55 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 1.04 and a beta of 1.27. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. Wells Fargo & Co lifted their price target on shares of E*TRADE Financial from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, May 21st.

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