Legal & General Sees Double-Digit Returns in 3 Years, Buy Confirmed.

Legal & General Group Plc's share price has increased by nearly 30% in the past year, with a total return of over 40%, including dividends. The company is expecting double-digit returns over the next three years.

Legal & General Group Plc (OTCPK:LGGNF)(OTCPK:LGGNY) has seen its share price increase by nearly 30% in the past year, with a total return of over 40%, including dividends. The company is expecting double-digit returns over the next three years, driven by strategic initiatives and a strong financial position.

In the past year, Legal & General Group Plc has implemented several strategic moves aimed at streamlining its business model and capturing new market opportunities. These include the planned divestiture of non-core assets, a focus on the growing institutional retirement market, improved cost efficiency through cross-selling synergies, and disciplined capital allocation, reflected in a progressive dividend policy and an ongoing share buyback program [1].

The company's latest financial results, released in mid-March 2024, showed an EBIT profit of £1.61 billion and a core EPS of 20.23p, both up by 6% compared to last year. The company's institutional retirement policy reached £10.7 billion, with record volumes in Canada and the USA. Additionally, the company's private markets platform, though relatively minor compared to the total AuM, is seen as a potential growth engine [1].

Legal & General Group Plc's solvency position remains strong, with a 232% solvency II ratio, and the company announced a £500 million share buyback for the year. The company expects to return more than £5 billion to shareholders over the next three years, representing approximately 35% of the current market cap [1].

The company's share buyback program continued in June 2025, with the purchase of 2,967,390 ordinary shares through Barclays Capital Securities Limited. Following the settlement and cancellation of these shares, the total number of ordinary shares in issue will be 5,774,991,015 [2].

Analysts remain optimistic about the company's prospects. MarketBeat calculates a consensus analyst rating of 3.23 (Buy) and a price target of £2.80 per share for Legal & General Group Plc [3].

References:
[1] https://seekingalpha.com/article/4794833-legal-general-expecting-double-digit-returns-in-the-next-3-years-buy-confirmed
[2] https://www.tradingview.com/news/reuters.com,2025-06-13:newsml_RSM8651Ma:0-reg-legal-general-grp-transaction-in-own-shares/
[3] https://www.marketbeat.com/stocks/LON/LGEN/forecast/