Legal & General Stock News

Citi has kept its ‘sell' rating on Legal & General Group PLC (LSE:LGEN), the FTSE 100 insurer, with a slightly updated target price of £2.48, as weaker earnings quality and tougher competition weigh on its outlook. Its valuation models put fair value below the current share price, which leaves the balance of risk and reward tilted to the downside.

The job cuts will initially be voluntary in the U.K, the company told staff. They do not include the asset management business.

Legal & General Group PLC (LSE:LGEN) drew a cautious assessment from RBC Capital Markets on Wednesday, as the investment bank flagged lower-quality institutional earnings despite a credible strategic direction. The shares fell 1% to 288p as RBC kept its 'underperform' rating, tweaking its model after a recent investor call with the group finance and strategy chiefs.

Legal & General Group PLC (LSE:LGEN) beat first-half profit expectations and said full-year earnings growth would be above its medium-term target range as its asset management business delivered a sharp improvement. The FTSE 100 life insurer reported core operating profit of £918 million, up 7% and around 4% ahead of the company-compiled consensus of £883 million.

British insurer Legal & General reported a forecast-topping 7% increase ​in core operating profit to £918 million ($1.24 billion) for ‌the first half of 2026 on Wednesday, as well as an improved interim dividend of 6.24 pence per share.