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An announcement from Legal & General ( (GB:LGEN) ) is now available.
Legal & General has announced the sale of its US protection business to Meiji Yasuda for $2.3 billion, establishing a strategic partnership to enhance growth in the US Pension Risk Transfer (PRT) market. This transaction is expected to strengthen Legal & General’s financial position, enabling the return of significant capital to shareholders through dividends and buybacks, while supporting its strategic focus on core business areas.
More about Legal & General
Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, managing approximately £1.2 trillion in assets. The company focuses on Institutional Retirement, Retail Savings and Protection, with a strong presence in both public and private markets internationally.
YTD Price Performance: 2.57%
Average Trading Volume: 15,947,103
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £13.74B
For an in-depth examination of LGEN stock, go to TipRanks’ Stock Analysis page.
