Legal & General Share Price Today: Why LGEN Stock Edged Up on Buyback and Manulife Deal
Legal & General shares moved up on Tuesday, trading at 237.26 pence as of 1232 GMT, according to figures posted on the company’s website. Investors were weighing news of a tie-up with Manulife Wealth & Asset Management, along with recent buyback activity. The stock finished Monday at 236.7 pence, Hargreaves Lansdown data showed. This move is notable, with L&G still working to stabilize sentiment after shares slid 6% on March 11—annual results had missed analysts’ earnings forecasts, despite the group rolling out its largest-ever £1.2 billion buyback. The company maintained that, alongside dividend increases, the programme should push total planned shareholder returns to £2.4 billion over the next year.