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    LGEN   GB0005603997

LEGAL & GENERAL PLC

(LGEN)
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Legal & General Capital Appoints Ernst & Young's Gareth Mee as CFO

10/19/2021 | 03:05am EST

By Sabela Ojea

Legal & General Group's Legal & General Capital said Tuesday that it has appointed Gareth Mee as its new chief financial officer.

The FTSE 100-listed insurance company's alternative-asset platform said that Mr. Mee, a partner at Ernst & Young Global Ltd., will lead its financial operations from January 2022. He will replace Stephen Halliwell in the role.

Mr. Mee will help the main investment arm of Legal & General Group generate up to 600 million pounds ($823.7 million) in profit from alternative assets by 2050, it said.

Legal & General Capital's key targets include growing its alternative-asset portfolio to GBP5 billion by 2025 and generating returns of around 10% to 12% a year, across its key focus areas of housing, small and medium enterprises finance, specialist commercial real estate and clean energy, it added.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

10-19-21 0505ET

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Analyst Recommendations on LEGAL & GENERAL PLC
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Financials
Sales 2021 59 567 M 78 814 M 78 814 M
Net income 2021 2 127 M 2 814 M 2 814 M
Net Debt 2021 1 114 M 1 474 M 1 474 M
P/E ratio 2021 8,30x
Yield 2021 6,42%
Capitalization 16 968 M 22 436 M 22 451 M
EV / Sales 2021 0,30x
EV / Sales 2022 0,26x
Nbr of Employees 10 099
Free-Float 97,8%
Chart LEGAL & GENERAL PLC
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Legal & General Plc Technical Analysis Chart | LGEN | GB0005603997 | MarketScreener
Technical analysis trends LEGAL & GENERAL PLC
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TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 285,90 GBX
Average target price 331,35 GBX
Spread / Average Target 15,9%
EPS Revisions
Managers and Directors
Nigel David Wilson Group Chief Executive Officer & Executive Director
Jeff Davies Group Chief Financial Officer & Executive Director
John Kingman Chairman
Lesley Mary Samuel Knox Independent Non-Executive Director
Philip Arthur John Broadley Senior Independent Director
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