Legal & General: A Fantastic Insurance Stock With Good Potential Upside And 7% Dividend

Feb. 01, 2023 12:50 AM ETLegal & General Group Plc (LGGNF), LGGNY10 Comments


  • L&G is a global insurance and asset management business with over a £1T in assets under management.
  • All segments of the business are growing well, with management investing in long-term product offering to ensure continued growth.
  • Dividends are growing at a CAGR of 11%, EBITDA at 9%, and NI at 11%.
  • Assuming L&G's valuation can move slightly in excess of its peers, whom they outperform, L&G's stock could increase 24%.

Contract agreement calculator and business financial profit closeup

Nadzeya Haroshka/iStock via Getty Images

Company description:

Legal & General Group Plc (OTCPK:LGGNY/OTCPK:LGGNF) provides various insurance products and services internationally. The business is listed in the UK and is a constituent of the FTSE 100. L&G was

Data by YCharts


L&G operating profit split by division (H1 reporting pack)


Retail financials (H1 investor pack)


Retail segment (H1 investor pack)


AuM bridge (H1 investor pack)


LGIM financials (H1 investor pack)


LGC financials (H1 investor pack)


LGRI Financials (H1 investor pack)


PRT business (H1 investor pack)


Solvency II requirements (L&G H1 investor pack)


L&G historical Financials (Tikr Terminal)


Relative valuation and performance (Tikr Terminal)

This article was written by

We intend to provide insightful research and new ideas, through deep bottom-up business analysis. We look to tell a story and identify the hallmarks of long-term quality. We are not swayed by the emotions of market sentiment and short-term desires.“Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.”

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (10)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.