Legal & General plans workforce cuts. Legal & General stock sits 4.42 percent above target
Published on 10/06/2026 at 15:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Legal & General (ISIN GB0005603997) plans workforce cuts by mid-2027, while its stock sits 4.42 percent above the latest consensus target. Reuters reported on September 23, 2026 that the group is simplifying its operations through a staff-reduction plan by the middle of 2027. The restructuring puts execution and cost control alongside Legal & General's earnings progress.
Restructuring follows stronger earnings
S&P Global Ratings said on September 21, 2026 that core operating profit reached GBP 918.00 million in the first half of 2026, up 7.00 percent from the comparable period. Pension risk transfer contributed GBP 646.00 million, while asset management operating profit increased to GBP 222.00 million from GBP 202.00 million.
The capital picture is also material. S&P said the Solvency II coverage ratio was 201.00 percent in the first half of 2026, compared with 217.00 percent in the first half of 2025, while the group targets a range of 160.00 percent to 190.00 percent.
Target remains below the LSE price
On October 3, 2026, InsiderTrades reported a consensus Reduce rating, with four Sell ratings, two Buy ratings and one Hold rating. The average target was GBp 276.86, below the LSE price of GBp 289.10, so the price stood 4.42 percent above that target.
The same report identified a 52-week range of GBp 217.20 to GBp 318.10 and a market capitalization of GBP 15.53 billion. That leaves the LSE price 9.11 percent below the yearly high, calculated from GBp 289.10 and GBp 318.10.
Sharesave admission adds a dated detail
A separate corporate action confirms the listing identity. TradingView carried an RNS notice dated October 1, 2026 stating that 88,525 ordinary shares were admitted to the London Stock Exchange Main Market under the Sharesave Scheme. The notice names Legal & General Group Plc and identifies the ordinary shares with ISIN GB0005603997.
EUR 3.45 quote stays unchanged
Legal & General was trading at EUR 3.45 at Lang & Schwarz on October 6, 2026 at 3:30 p.m. CEST, unchanged at 0.00 percent versus the EUR 3.45 prior close dated October 5, 2026. On the London Stock Exchange, the stock was last at GBp 289.10 on October 6, 2026 at 2:30 p.m. BST. The further course of trading is shown by the continuously updated real-time quote of Legal & General stock.
Legal & General stock facts
- Company: Legal & General Group Plc
- ISIN: GB0005603997
- Ticker: LGEN
- Primary exchange: London Stock Exchange Main Market
- Price Lang & Schwarz as of October 6, 2026, 3:30 p.m. CEST: EUR 3.45
- Change versus prior close: plus 0.00 percent
- Prior close Lang & Schwarz October 5, 2026: EUR 3.45
- Primary exchange price as of October 6, 2026: GBp 289.10
- Market capitalization: GBP 15.8 billion as of October 6, 2026
- 52-week range: GBp 217.20-318.10 as of October 6, 2026
- Sector / Industry: Financial Services / Asset Management
