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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Legal & General Plc    LGEN   GB0005603997

LEGAL & GENERAL PLC

(LGEN)
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Legal & General : Sees 2020 Operating Profit Broadly in Line With 2019

11/12/2020 | 02:43am EST

By Ian Walker

Legal & General Group PLC said Thursday that it expects to report operating profit for 2020 broadly in line with last year, and that it plans to keep its final dividend flat.

The insurance company said that gross written premiums in the U.K. and U.S. for the year to date are up 5% at 1.48 billion pounds ($1.96 billion).

The company added that housing sales have recovered in the second half of the year, and reiterated guidance that housing sales are expected to fall 30% for the year.

Legal & General reported an operating profit of GBP2.3 billion in 2019 and paid total dividends of 17.57 pence, with a 12.64 pence final dividend that was paid in June.

From 2021 the board intends to grow the dividend at low to mid-single digits, the company said.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

11-12-20 0242ET

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Financials
Sales 2020 32 991 M 44 822 M 44 822 M
Net income 2020 1 664 M 2 260 M 2 260 M
Net Debt 2020 1 149 M 1 560 M 1 560 M
P/E ratio 2020 9,71x
Yield 2020 6,50%
Capitalization 16 206 M 22 028 M 22 017 M
EV / Sales 2020 0,53x
EV / Sales 2021 0,42x
Nbr of Employees 8 542
Free-Float 97,4%
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Technical analysis trends LEGAL & GENERAL PLC
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 279,56 GBX
Last Close Price 2,73 GBX
Spread / Highest target 13 819%
Spread / Average Target 10 140%
Spread / Lowest Target 5 944%
EPS Revisions
Managers and Directors
NameTitle
Nigel David Wilson Group Chief Executive Officer & Executive Director
John Kingman Chairman
Jeff Davies Group Chief Financial Officer & Executive Director
Julia Susan Wilson Senior Independent Non-Executive Director
Lesley Mary Samuel Knox Independent Non-Executive Director
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