Legal & General Share Price Today: Why LGEN Stock Edged Up on Buyback and Manulife Deal
Legal & General shares rose to 237.26 pence by 1232 GMT Tuesday, up from Monday’s 236.7 pence close. The company bought 7.2 million shares for cancellation between March 16 and March 20 under its £1.2 billion buyback. Investors remain cautious after the March 11 earnings miss and a drop in the Solvency II ratio to 210%. L&G also announced a global partnership with Manulife Wealth & Asset Management.