You are here: Home - Investing - Experienced Investor - News -

Stock of the week: Legal & General

Written by:
Ian Forrest, investment research analyst at The Share Centre, picks Legal & General as stock of the week.

This week’s share of the week is Legal & General, a multinational financial services company. Its products and services include life insurance, general insurance, pensions and investment management.

The group is well positioned to benefit from an increasing demand for pensions, protection and savings plans as reliance on the state in years to come remains questionable.

Key long term factors driving the business forward are an ageing society, globalisation of asset markets, welfare reform and the adoption of digital platforms. These should be unaffected by Brexit.

The group’s latest update showed that five out of six divisions increased operating profit and while the stock market selloff towards the end of 2018 saw the shares pull back, with a PE ratio of 7.5x and a dividend yield in excess of 7%, the shares once again look attractive.

We recommend the shares a ‘buy’ for investors seeking income and willing to accept a medium level of risk.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

Your rights for refunds if travel is affected by strikes

There have been a wave of strikes this year across many different industries, and more are planned over Christ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week