London, June 16, 2026, 16:03 (BST)
- Legal & General shares traded near 282p, little moved on the session, while the FTSE 100 climbed.
- The company’s latest filing shows it repurchased another 3.82 million shares for cancellation.
- Investors will look for half-year results on August 5.
Legal & General Group Plc inched higher in London, changing hands at 282.00p to sell and 282.20p to buy. The shares added 0.60p, or 0.21%, on Hargreaves Lansdown. The stock moved with UK blue chips, as the FTSE 100 rose about 0.59%. Reuters reported financial names helped drive gains after a drop in oil prices boosted risk appetite. HL
Legal & General is keeping its profit guidance in place, but said it will buy back shares. A filing on June 15 showed it bought 3,821,565 ordinary shares through Barclays Capital Securities between June 8 and June 11. These shares will be cancelled, so the overall share count drops. That could help per-share numbers if profits don’t change. After the buyback and cancellation, total voting rights will be 5,547,771,237, the company said. Investegate
Legal & General is sticking with its capital returns plan. So far it has bought back 152.9 million shares in its £1.2 billion buyback, paying an average £2.5661 per share for about £389.6 million, according to its buyback page. The buyback was announced along with 2025 results. Chief Executive António Simões said it was “a strong financial performance” and pointed to “meaningful progress in reshaping L&G.” Legal & General Group
Legal & General bulls keep circling around annuities, the asset management business, and the dividend. In March, the firm said core operating profit hit £1.62 billion. Core EPS went up 9%. The dividend came in at 21.79p per share. Legal & General plans to return over £5 billion to shareholders from 2025 through 2027. Core operating EPS just focuses on the core business and removes accounting noise. Legal & General Group
Valuation and capital sensitivity remain the main risks cited by bears. Investors Chronicle says the median 12-month analyst target is 257p, below Legal & General’s last close at 281.6p. Analyst recommendations are mixed—some on buy, some on hold, some on sell. On a pro forma basis, Legal & General’s Solvency II coverage ratio was 210% at the 2025 results. Solvency II is the capital buffer level closely watched by regulators and investors. This sits above the minimum, but market focus stays on the buffer because it affects the dividend, share buybacks, and valuation. Investors Chronicle
Legal & General Group shares ticked up today, backed by buybacks and the FTSE 100’s lift, but the shares still look pricey on the numbers. No new earnings driver for now. Next up is August 5, when the group posts half-year results. That’s where investors want the latest on institutional retirement, retail annuities, and asset-management flows. Capital generation will be front and center as holders decide if the returns story still works. Legal & General Group
