Legal & General ( (GB:LGEN) ) has issued an update.
Legal & General Group Plc announced the repurchase of 700,000 of its ordinary shares as part of its share buyback program. This transaction, executed through Barclays Capital Securities Limited, will result in the cancellation of the repurchased shares, reducing the total number of shares in issue to 5,883,624,637. This move is part of a broader strategy to enhance shareholder value and optimize the company’s capital structure.
More about Legal & General
Legal & General Group Plc operates in the financial services industry, primarily offering insurance, investment management, and retirement solutions. The company focuses on providing financial security and investment opportunities to a wide range of clients globally.
YTD Price Performance: 6.14%
Average Trading Volume: 18,220,437
Technical Sentiment Signal: Strong Sell
Current Market Cap: £14.18B
For an in-depth examination of LGEN stock, go to TipRanks’ Stock Analysis page.