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Legal & General share price slumps 6%! What on earth has happened?

Legal & General share price slumps 6%! What on earth has happened?

UK financial background: share prices and stock graph overlaid on an image of the Union Jack
Image source: Getty Images

Legal & General‘s (LSE:LGEN) share price has dived in mid-week trading. At 244.2p per share, the FTSE 100 stock was down 6% on Wednesday (11 March). It’s hurtled lower after releasing full-year results that missed expectations.

It’s perhaps no shock to see the business slump in this scenario. Its shares looked slightly expensive compared to historical norms, leaving it a prime candidate to drop on any sort of bad surprise. It’s not been helped by investors already on edge as the Middle East conflict continues, giving them an added excuse to sell up.

But has the market overreacted to today’s news? And can Legal & General’s shares bounce back sooner rather than later?

Those…

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