LGGNF - Legal & General: A Fantastic Insurance Stock With Good Potential Upside And 7% Dividend
Summary
- L&G is a global insurance and asset management business with over a £1T in assets under management.
- All segments of the business are growing well, with management investing in long-term product offering to ensure continued growth.
- Dividends are growing at a CAGR of 11%, EBITDA at 9%, and NI at 11%.
- Assuming L&G's valuation can move slightly in excess of its peers, whom they outperform, L&G's stock could increase 24%.
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Legal & General: A Fantastic Insurance Stock With Good Potential Upside And 7% Dividend