Legal & General consensus stays constructive, shares in focus among FTSE insurers

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-26, 15:49.

Legal & General Group plc (GB0005603997) remains a core FTSE 100 financial name for UK income-focused investors. Analyst consensus data compiled on MarketScreener and MarketBeat points to a broadly constructive stance on the shares, with an average target price above the current London level and a tilt toward Buy and Hold recommendations across the coverage universe. MarketBeat analyst overview for Legal & General

How analysts rate Legal & General today

On MarketBeat, Legal & General is covered by a double?digit number of research houses, with the majority of ratings clustered in the Buy and Hold categories rather than Sell. The platform’s consensus shows an average 12?month price target around the mid?200 pence area, implying modest upside from recent London Stock Exchange prints. MarketBeat price target summary for LGEN

MarketScreener’s aggregation of broker views likewise indicates that most covering banks maintain positive or neutral recommendations, underpinned by Legal & General’s capital generation and dividend profile. Several UK houses, including Barclays and JPMorgan, have highlighted the group’s sensitivity to long?term interest rates and solvency capital as key variables in their models. MarketScreener consensus for Legal & General

Position in the UK insurance peer group

Within the FTSE 100 insurance and savings cohort, Legal & General competes with Aviva, Phoenix Group and Prudential for pension, annuity and asset?management flows. Reuters data show Aviva and Phoenix also trading on income?oriented valuations, with dividend yields above the wider FTSE 100 average, which provides a relevant reference frame for Legal & General’s own yield. Reuters key metrics for Legal & General and peers

Financial Times price pages indicate that Legal & General shares have lagged some global life?insurance names over the past three years, but have delivered a meaningful total return once dividends are included. In the capital?light asset?management space, the group’s LGIM arm competes with specialist players such as Schroders and global ETF providers, adding another strategic dimension for analysts assessing growth versus cash returns. FT markets summary for LGEN on the LSE

Where Legal & General earns its money

Legal & General generates most of its profit from four pillars: Retirement Institutional, Retirement Retail, Investment Management (LGIM) and Insurance. In defined?benefit de?risking, the group completes bulk annuity transactions with corporate pension schemes, taking on long?term liabilities in exchange for premiums that are invested across fixed income, property and alternative assets. The Investment Management arm, LGIM, runs index, active and liability?driven portfolios for institutions and retail clients globally, charging fees on assets under management. The UK retail protection and savings business sells life?insurance, workplace pensions and individual annuities, with earnings linked to both new business volumes and the in?force book.

Where the Legal & General shares trade

Legal & General Group plc shares (GB0005603997) trade on the London Stock Exchange in pounds sterling; a representative recent indication from LSE data shows the price around the mid?200 pence area, with the exact level varying during the session.

This article is for informational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any securities. Investors should conduct their own research or consult a qualified financial advisor before making investment decisions.