Aviva PLC (NYSE:AV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.
According to Zacks, “Aviva has established a competitive position in North America. In the US, the world’s largest savings market, Aviva is the leading provider of indexed annuity and indexed life insurance products. Its principal activity is the provision of financial products and services, focused on the following lines of business: long-term insurance and savings business, fund management and general insurance and health. The company’s business is managed on a geographic basis through a regional management structure based on four regions, U.K., Europe, North America and Asia Pacific. The four regions function as five operating segments as, due to the size of the U.K. region, it is split into two operating segments, U.K. Life and U.K. General Insurance, which undertake long term insurance and savings business and general insurance respectively. “
A number of other equities research analysts have also recently commented on AV. Barclays PLC reaffirmed an “equal weight” rating on shares of Aviva PLC in a research note on Monday, August 1st. Beaufort Securities reaffirmed a “buy” rating on shares of Aviva PLC in a research note on Friday, August 5th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Aviva PLC in a research note on Friday, June 3rd. Berenberg Bank reaffirmed a “sell” rating on shares of Aviva PLC in a research note on Tuesday, August 9th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Aviva PLC in a research note on Thursday, September 8th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Aviva PLC has a consensus rating of “Hold”.
Shares of Aviva PLC (NYSE:AV) opened at 11.43 on Monday. Aviva PLC has a 52 week low of $9.11 and a 52 week high of $15.67. The stock has a market cap of $23.15 billion, a P/E ratio of 35.72 and a beta of 1.33. The stock has a 50 day moving average of $11.32 and a 200 day moving average of $11.82.
The firm also recently announced a dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Friday, October 7th will be paid a dividend of $0.175 per share. The ex-dividend date is Wednesday, October 5th.
A number of large investors have recently made changes to their positions in AV. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Aviva PLC by 9.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,478 shares of the company’s stock valued at $109,000 after buying an additional 719 shares during the period. Bellecapital International Ltd. acquired a new stake in shares of Aviva PLC during the second quarter valued at about $109,000. Kanaly Trust Co boosted its stake in shares of Aviva PLC by 36.5% in the second quarter. Kanaly Trust Co now owns 10,652 shares of the company’s stock valued at $114,000 after buying an additional 2,846 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Aviva PLC during the second quarter valued at about $124,000. Finally, Private Bank & Trust Co. boosted its stake in shares of Aviva PLC by 27.7% in the second quarter. Private Bank & Trust Co. now owns 15,217 shares of the company’s stock valued at $163,000 after buying an additional 3,304 shares during the period. 0.79% of the stock is currently owned by institutional investors.
About Aviva PLC
Aviva plc is the holding company of the Aviva Group. The Company provides customers with long-term insurance and savings, general and health insurance, and fund management products and services. The Company’s segments include UK & Ireland; France; Poland; Italy, Spain and Other; Canada; Asia, and Aviva Investors.
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