LGGNF - Legal & General: Price Drop On New CEO Strategy. What To Do?
2024-06-13 14:02:41 ET
Summary
- Share-price dropped 6% on the new CEO Investor Day.
- The news overall is positive for investors, with 6-9% profit CAGR.
- Shareholder returns tweaked from dividend growth to dividend growth plus buybacks.
- Fundamentals and strategic outlook remain strong.
- I dig into the details, and share how I will play the drop.
Founded way back in 1836, Legal & General is a leading UK financial services group and major global investor and one of the world's largest asset managers. They are a global leader in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Their primary listing is on the FTSE [LGEN], but they have ADRs ( OTCPK:LGGNY ) and ( OTCPK:LGGNF )....
Legal & General: Price Drop On New CEO Strategy. What To Do?