Legal & General stock trades 5.94 percent below its yearly high

Published on 09/28/2026 at 14:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Legal & General stock reported GBP 918 million in half-year core operating profit on August 5, 2026, up 7.00 percent. S&P affirmed its A rating, while the average target stood at GBp 276.86.

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Legal & General stock was trading at GBp 299.20 on the London Stock Exchange on September 28, 2026 at 1:30 p.m. London time (ISIN GB0005603997). The shares were up 0.57 percent from the prior close as investors weighed stronger half-year earnings against a planned cost reduction program.

Half-year profit reaches GBP 918 million

Legal & General reported core operating profit of GBP 918 million for half-year 2026, an increase of 7.00 percent from the prior-year period, according to S&P Global Ratings on September 21, 2026. The pension risk transfer business contributed GBP 646 million, while retail generated GBP 248 million.

Asset management operating profit rose to GBP 222 million from GBP 202 million in half-year 2025, the rating agency said. Profit before tax reached GBP 1.997 billion, compared with GBP 406 million in the year-earlier period, although GBP 1.4 billion came from the disposal of U.S. businesses.

Analyst target stays below the price

MarketBeat reported on September 23, 2026 that Legal & General carried a consensus Reduce rating and an average price target of GBp 276.86, below the GBp 299.20 market price. The same report cited targets ranging from GBp 245 to GBp 385, showing a wide gap between the most cautious and optimistic broker views.

Reuters reported on September 23, 2026 that Legal & General plans staff reductions by the middle of 2027 as Chief Executive Antonio Simoes seeks to simplify the group and reduce costs. The program begins with voluntary job reductions, while compulsory redundancies remain possible.

Stock remains below yearly high

At GBp 299.20, the stock stood 5.94 percent below its 52-week high of GBp 318.10 and 37.75 percent above its 52-week low of GBp 217.20 on September 28, 2026. Trading volume reached 5,433,350 shares, against an average volume of 19,579,064 shares.

S&P Global Ratings affirmed its A issuer credit rating for Legal & General Group PLC on September 21, 2026, with a stable outlook. The agency also said the Solvency Capital Requirement ratio was 201 percent at half-year 2026, down from 217 percent a year earlier.

The next quarterly update is scheduled for November 16, 2026, according to a Quartr earnings-call transcript carried by Yahoo Finance.