Legal & General share price retreated by over 5% on Wednesday, even after the company published strong financial results and a buyback.

LGEN dropped to 245p, its lowest level since December last year, down by 13% from its highest point this year. 

Legal & General raised buyback as revenue jumped 

LGEN, a top British insurer and asset manager, published strong financial results today, March 11.

Its business continued growing across its three businesses: institutional retirement, asset management, and retail.

Its institutional retirement made a core profit of £1.16 billion, up by 6% from a year earlier.

Its asset management revenue rose slightly to £402 million, while its retail business made £447 million. 

As a result, the company made…