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Legal & General Group plc

 

Buy Legal & General Group plc shares

LEGAL & GENERAL GROUP PLC (LGEN) Shares

ABOUT LEGAL & GENERAL GROUP PLC

Legal & General Group plc is a UK-based multinational financial services company which has an extensive history dating back to 1836.

The Group was first formed by Sergeant John Adams and five other lawyers in June of that year as New Law Life Assurance Society.

The company enjoyed rapid expansion in the UK in the 1930’s and extended its reach to the acquisition of overseas life assurance companies, including the Metropolitan Life Assurance Company of New York.

The company became wholly owned by Legal & General Group plc in the 1970s.

In 2014 the Group secured the UK’s largest pension buy-in and buyout schemes through ICI and TRW, increasing the security of over £ 4 billion of pensions.

In the same year its total worldwide assets reached more than US Dollar 1 trillion (£ 709 billion). The Group tripled sales of its lifetime mortgage business, advancing over £ 600 million to help the elderly boost their retirement finances.

In 2017 the Group expanded its international scope by increasing its US pension risk transfer business and advanced its strategy to digitize its US Insurance business.

OVERVIEW OF LEGAL & GENERAL GROUP PLC

  • Today Legal & General Group plc has a wide portfolio of products, including investments, retirement, life cover and insurance.

  • The Retirement Institutional service manages the pensions of a range of customers, including companies and pension fund trustees.

  • The Retirement Retail service assists individuals in securing annuities and lifetime mortgages.

  • The Legal and General Capital service is geared towards managing shareholder and customer assets in order to grow returns from direct investments.

  • The investment management services are provided to some of the UK’s largest corporate pension schemes, with assets valued over 1 trillion pounds.

VISION & VALUES OF LEGAL & GENERAL GROUP PLC

  • Legal & General Group plc‘s corporate values are pillared on six growth drivers, which include guaranteeing secure and rewarding retirements for its customers; providing customers with robust insurance and saving schemes; growing funds that aid the building of homes across the UK; developing green energy; and stimulating economic growth with an increased focus on digital opportunities.

  • The Group focuses its corporate social responsibility on establishing collaborative and purposeful corporate culture and encouraging employee engagement.

  • Policies include promoting the diversity and inclusion of its workforce by raising awareness of issues related to social mobility to level the playing field for young applicants from disadvantaged backgrounds.

  • As part of this policy of inclusion is the focus on gender equality, with the Group launching its 50/50 by 2022 gender initiative in 2014 while working with programmes such as the Diversity Project and the Women in Finance Charter.

MARKET PERFORMANCE OF LEGAL & GENERAL GROUP PLC

  • Legal & General Group plc currently trades on the Financial Times Stock Exchange (FTSE), where investors can buy shares under the stock symbol “LGEN”.

  • Data from the Group’s 2019 financial analysis shows operating profit of £ 1,005 million, up by 11%, with earnings per share of 14.74p, up by 13% and profit after tax up 13% to £ 874 million.

  • Legal and General’s five businesses collectively delivered another strong set of results in 2019, with, operating profit up 11% to £ 1 billion and a ROE of 20%. Added to this, management has stated that the Group is well-prepared for the full range of foreseeable Brexit outcomes.

  • The Group’s growth drivers have consistently delivered strong returns, with the share price producing healthy dividends for investors who choose to purchase shares.

Buy LEGAL & GENERAL GROUP PLC stocks / shares – A Step by Step Guide how to Buy / Purchase LEGAL & GENERAL GROUP PLC Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy LEGAL & GENERAL GROUP PLC Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN LEGAL & GENERAL GROUP PLC STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE LEGAL & GENERAL GROUP PLC STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of LEGAL & GENERAL GROUP PLC stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy LEGAL & GENERAL GROUP PLC stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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