- Legal & General‘s retail operating profit for the first half of the year was GBP268 million, which is below the estimated GBP274.4 million.
- Investment Management unit saw net outflows of GBP31.3 billion, exceeding the estimated outflows of GBP10.37 billion.
- The company’s profit after tax was GBP223 million.
- An interim dividend per share was set at 6.00p.
- The business demonstrated ongoing strength with a solvency coverage ratio of 223%.
- Analysts’ recommendations include 11 buys, 6 holds, and 1 sell.
A look at Legal & General Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts evaluating Legal & General Group plc using the Smartkarma Smart Scores have provided insights into the company’s long-term outlook. The company’s strengths lie in its robust dividend score, indicating a strong ability to provide steady returns to investors over time. This, coupled with moderate momentum in its operations, suggests a positive trajectory for the company’s performance.
Legal & General‘s overall outlook benefits from its reliable dividend structure, demonstrating the company’s commitment to rewarding shareholders. While certain areas like value, growth, and resilience may have room for improvement, the solid dividend and decent momentum position it well for sustained performance in the long run. As a holding company offering a range of financial services, Legal & General‘s strategic focus on savings, risk, and investment management serves as a cornerstone for its continued success in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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