Legal & General Group Plc recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
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 3416 stocks valued at a total of $260.52Bil. The top holdings were AAPL(5.60%), MSFT(4.49%), and AMZN(1.71%).
According to GuruFocus data, these were Legal & General Group Plc’s top five trades of the quarter.
Apple Inc
Legal & General Group Plc reduced their investment in NAS:AAPL by 6,160,832 shares. The trade had a 0.33% impact on the equity portfolio. During the quarter, the stock traded for an average price of $142.91.
On 02/18/2023, Apple Inc traded for a price of $152.55 per share and a market cap of $2,413.64Bil. The stock has returned -9.12% 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 25.90, a price-book ratio of 42.61, a price-earnings-to-growth (PEG) ratio of 1.49, a EV-to-Ebitda ratio of 19.46 and a price-sales ratio of 6.36.
The price-to-GF Value ratio is 0.89, earning the stock a GF Value rank of 7.
Microsoft Corp
Legal & General Group Plc reduced their investment in NAS:MSFT by 3,407,651 shares. The trade had a 0.31% impact on the equity portfolio. During the quarter, the stock traded for an average price of $239.99.
On 02/18/2023, Microsoft Corp traded for a price of $258.06 per share and a market cap of $1,920.95Bil. The stock has returned -10.34% 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 28.67, a price-book ratio of 10.49, a price-earnings-to-growth (PEG) ratio of 1.39, a EV-to-Ebitda ratio of 19.36 and a price-sales ratio of 9.45.
The price-to-GF Value ratio is 0.82, earning the stock a GF Value rank of 9.
Amazon.com Inc
Legal & General Group Plc reduced their investment in NAS:AMZN by 2,764,992 shares. The trade had a 0.12% impact on the equity portfolio. During the quarter, the stock traded for an average price of $98.78.
On 02/18/2023, Amazon.com Inc traded for a price of $97.2 per share and a market cap of $996.03Bil. The stock has returned -37.15% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Amazon.com Inc has a price-book ratio of 6.79, a EV-to-Ebitda ratio of 28.05 and a price-sales ratio of 1.92.
The price-to-GF Value ratio is 0.49, earning the stock a GF Value rank of 4.
Brookfield Corp
Legal & General Group Plc reduced their investment in NYSE:BN by 6,928,221 shares. The trade had a 0.11% impact on the equity portfolio. During the quarter, the stock traded for an average price of $33.83.
On 02/18/2023, Brookfield Corp traded for a price of $35.82 per share and a market cap of $58.66Bil. The stock has returned -18.18% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Brookfield Corp has a price-earnings ratio of 32.87, a price-book ratio of 1.47, a price-earnings-to-growth (PEG) ratio of 1.61, a EV-to-Ebitda ratio of 10.83 and a price-sales ratio of 0.64.
The price-to-GF Value ratio is 0.86, earning the stock a GF Value rank of 7.
Prologis Inc
During the quarter, Legal & General Group Plc bought 2,038,187 shares of NYSE:PLD for a total holding of 11,130,145. The trade had a 0.09% impact on the equity portfolio. During the quarter, the stock traded for an average price of $110.78.
On 02/18/2023, Prologis Inc traded for a price of $125.32 per share and a market cap of $115.72Bil. The stock has returned -10.33% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Prologis Inc has a price-earnings ratio of 29.49, a price-book ratio of 2.18, a price-earnings-to-growth (PEG) ratio of 4.47, a EV-to-Ebitda ratio of 24.24 and a price-sales ratio of 17.03.
The price-to-GF Value ratio is 0.92, earning the stock a GF Value rank of 6.
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.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!
This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.
