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Legal & General Group Plc Buys 4, Sells 1 in 1st Quarter

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May 19, 2022
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Legal & General Group Plc recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

Legal & General is a financial services company that is headquartered in London. The company was formed by six lawyers in 1836 and was originally called the New Law Life Assurance Society, limited to those in the legal profession. The group would expand its policies to the general public, renaming itself the Legal & General Life Assurance Society. The company would acquire other companies such as the Metropolitan Life Assurance Company of New York and expand overseas. In the 1970s, the society would become a wholly owned division of Legal & General Group Plc, a holding company formed by the company. It would buy Government Employee Life Insurance from GEICO and the Dutch branch of Unlike Assurance Group in an effort to further its international presence. In the new millennia, Legal & General would sell Legal & General Bank and Legal & General Mortgage Services to Northern Rock in 2003 and outsource its entire IT development areas. Today the company offers a wide variety of financial products and services, including direct sales services and brokerage agreements, and also owns one of the largest estate agency businesses in the United Kingdom. Legal & General Group operates through five divisions: Legal & General Assurance Society with retail and group insurance products, Legal & General Retirement with annuity contracts and longevity insurance products, Legal & General Investment Management with index fund, active fixed income, liquidity management and solution and liability driven investments, Legal & General America with individual term assurance, and Legal & General Capital with portfolio managements. The company current has over one trillion in total assets, employing over 9000 employees worldwide that cater to its 10 million customers. Some of its mutual funds include the Global 100 Index, Global Emerging Markets Index, Global Health and Pharmaceuticals Index, and Multi Manager Growth. The company launched its first ETFs, the LGIM Commodity Composite Source ETF, in 2012.

As of the latest 13F report, the guru’s equity portfolio contained 3565 stocks valued at a total of $328,534,000,000. The top holdings were AAPL(6.07%), MSFT(5.07%), and AMZN(2.91%).

According to GuruFocus data, these were Legal & General Group Plc’s top five trades of the quarter.

Apple Inc


During the quarter, Legal & General Group Plc bought 6,955,189 shares of NAS:AAPL for a total holding of 114,123,375. The trade had a 0.37% impact on the equity portfolio. During the quarter, the stock traded for an average price of $168.23.

On 05/19/2022, Apple Inc traded for a price of $139.99 per share and a market cap of $2,242,987,701,000. The stock has returned 13.50% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, Apple Inc has a price-earnings ratio of 22.50, a price-book ratio of 33.32, a price-earnings-to-growth (PEG) ratio of 1.58, a EV-to-Ebitda ratio of 17.39 and a price-sales ratio of 5.94.

The price-to-GF Value ratio is 0.83, earning the stock a GF Value rank of 7.

Microsoft Corp


During the quarter, Legal & General Group Plc bought 2,892,487 shares of NAS:MSFT for a total holding of 54,014,454. The trade had a 0.27% impact on the equity portfolio. During the quarter, the stock traded for an average price of $300.8.

On 05/19/2022, Microsoft Corp traded for a price of $256.949 per share and a market cap of $1,911,940,030,000. The stock has returned 5.75% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, Microsoft Corp has a price-earnings ratio of 26.68, a price-book ratio of 11.74, a price-earnings-to-growth (PEG) ratio of 1.26, a EV-to-Ebitda ratio of 18.96 and a price-sales ratio of 10.02.

The price-to-GF Value ratio is 0.86, earning the stock a GF Value rank of 7.

Amazon.com Inc


During the quarter, Legal & General Group Plc bought 214,070 shares of NAS:AMZN for a total holding of 2,933,692. The trade had a 0.21% impact on the equity portfolio. During the quarter, the stock traded for an average price of $3092.09.

On 05/19/2022, Amazon.com Inc traded for a price of $2193.43 per share and a market cap of $1,108,308,614,000. The stock has returned -33.72% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, Amazon.com Inc has a price-earnings ratio of 52.59, a price-book ratio of 8.28, a price-earnings-to-growth (PEG) ratio of 1.26, a EV-to-Ebitda ratio of 19.17 and a price-sales ratio of 2.35.

The price-to-GF Value ratio is 0.58, earning the stock a GF Value rank of 8.

Xilinx Inc


The guru sold out of their 2,320,133-share investment in NAS:XLNX. Previously, the stock had a 0.15% weight in the equity portfolio. Shares traded for an average price of $197.27 during the quarter.

On 05/19/2022, Xilinx Inc traded for a price of $194.92 per share and a market cap of $48,414,621,000. The stock has returned 40.44% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, Xilinx Inc has a price-earnings ratio of 52.54, a price-book ratio of 13.17, a price-earnings-to-growth (PEG) ratio of 6.33, a EV-to-Ebitda ratio of 37.83 and a price-sales ratio of 13.26.

Advanced Micro Devices Inc


During the quarter, Legal & General Group Plc bought 3,450,334 shares of NAS:AMD for a total holding of 11,649,782. The trade had a 0.12% impact on the equity portfolio. During the quarter, the stock traded for an average price of $119.57.

On 05/19/2022, Advanced Micro Devices Inc traded for a price of $100.1965 per share and a market cap of $161,013,666,000. The stock has returned 29.34% over the past year.

GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, Advanced Micro Devices Inc has a price-earnings ratio of 36.94, a price-book ratio of 2.91, a EV-to-Ebitda ratio of 31.69 and a price-sales ratio of 6.74.

The price-to-GF Value ratio is 0.71, earning the stock a GF Value rank of 10.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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