Zacks Investment Research cut shares of Legal & General Group (OTCMKTS:LGGNY) from a buy rating to a hold rating in a report issued on Friday morning.
According to Zacks, “LEGAL & GENERAL is a leading UK risk, savings and investment group. Legal & General today provides life assurance and other financial protection products, annuities and long-term savings products including ISA’s and pensions. With over £250 billion in funds under management, it is also the largest investor for UK pension funds. Legal & General has over 5.5 million UK customers. Their products are sold through over thirty bank and building society relationships, through Independent Financial Advisers and also directly to customers. Legal & General Assurance Society Limited, their principal operating company, is one of Europe’s top rated life companies for financial strength, with an AA+ rating from Standard & Poor’s and Aa1 from Moody’s. “
Separately, Societe Generale downgraded shares of Legal & General Group from a hold rating to a sell rating in a research report on Tuesday, November 28th.
Legal & General Group Company Profile
Legal & General Group Plc is a holding company. The Company, together with its subsidiaries, transacts life assurance and long-term savings business, investment management and general insurance and health business. It operates through six segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), Savings and General Insurance (GI).
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