Legal & General refines analyst picture, shares in focus on the LSE
25.06.2026 - 17:38:40 | ad-hoc-news.de
By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-25, 17:37.
Legal & General Group (GB0005603997) stands out on the London Stock Exchange with one of the higher dividend yields in the UK insurance sector. The consensus picture around the shares is shifting at the margin after a downgrade by Autonomous Research earlier this week, according to sector data.
What recent ratings show
Legal & General competes directly with UK life and pensions peers such as Aviva and Phoenix Group in the FTSE 100 insurance cohort. According to a Marketscreener sector overview, Autonomous Research downgraded the stock from Neutral to Sell on 23 June 2026, signaling a more cautious stance on the medium-term return profile.
The same overview still shows a broadly supportive analyst base, with most houses rating Legal & General at Hold or Buy and focusing on the sustainability of its capital-heavy retirement and annuity business. The downgrade adds a more skeptical voice to a field that had been relatively stable in recent months, underscoring the sensitivity of the valuation to rates, credit spreads and solvency metrics.
Yield, valuation and consensus
On latest traded data from UK platforms, Legal & General offers a dividend yield of around 7.5 percent based on the most recent payout and share price, clearly above the FTSE 100 average and ahead of many European life insurers. A Hargreaves Lansdown snapshot lists a yield of roughly 7.57 percent, underpinned by a 2026 interim dividend per share of £0.157 that went ex-dividend on 23 April 2026 and was paid on 4 June 2026, highlighting the group’s income profile for retail investors.Hargreaves Lansdown share data
Price-to-earnings metrics remain modest: the same data points to a P/E ratio well below 10 on trailing earnings, reflecting both the capital intensity of bulk annuity deals and the perceived cyclicality of investment markets for the asset management arm. For many houses, this combination of high yield and low multiple continues to justify a neutral to mildly positive stance, even as some analysts emphasize execution risks in the pension risk transfer pipeline.
Background and price data on Legal & General
Follow all news, key figures and regulatory updates on Legal & General to see how analyst opinions and dividend metrics evolve over time.
How Legal & General earns its money
Legal & General generates most of its revenue from life insurance, pension risk transfer and asset management activities focused on long-term savings and retirement security. In the UK, one flagship area is bulk annuities, where the group takes over defined benefit pension liabilities from corporate schemes and invests the assets to meet future payouts over decades.
Where the shares trade today
The Legal & General shares (GB0005603997) trade on the London Stock Exchange under the ticker LGEN; on 2026-06-25 at 16:30 London time they changed hands at around 288.40 pence, based on recent UK quote data.
Key data on the Legal & General shares
- Company: Legal & General Group plc
- ISIN: GB0005603997
- WKN: 852360
- Ticker: LGEN
- Trading venue: London Stock Exchange (LSE)
- Price (as of 2026-06-25, 16:30): 288.40 GBX
- Market cap: approximately 15.8 billion GBP (as of 2026-06-25)
- Sector / industry: Financials / Life & Health Insurance
- Index membership: FTSE 100
- Next earnings date: not officially scheduled
Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. All data are based on sources believed to be reliable but cannot be guaranteed. Investors should conduct their own research or consult a qualified advisor.
