LSE:FXPO 3 December 2025

March 25, 2026, 1:27 PM EDT. The FTSE 100 index entered a stock market correction after falling 11.5% from its recent high, hitting 9,670.5 points on March 23. A correction is defined as a drop of 10% or more, less severe than a crash which is 20% or more. Shares have started to recover, but bargains remain. Legal & General (LSE: LGEN), lagging behind the broader index, fell over 22% from its 52-week high, technically a crash for the insurer. Its forward price-to-earnings (P/E) ratio stands at 7.8, indicating cheap valuation, although expected earnings dips may raise P/E to 9.5 by 2028. The company offers a strong dividend yield of about 9.1%, the highest on the FTSE 100, with analysts not forecasting cuts over three years. Investors comfortable with sector volatility may find Legal & General an attractive buy amid ongoing economic risks.