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 also recently weighed in on the stock. Shore Capital reaffirmed a sell rating on shares of Aviva PLC in a research note on Saturday, June 25th. Macquarie downgraded shares of Aviva PLC from an outperform rating to a neutral rating in a research note on Tuesday, August 9th. Beaufort Securities reaffirmed a buy rating on shares of Aviva PLC in a research note on Tuesday, June 28th. Deutsche Bank AG reaffirmed a buy rating on shares of Aviva PLC in a research note on Saturday, June 25th. Finally, Jefferies Group reaffirmed a hold rating on shares of Aviva PLC in a research note on Thursday, September 8th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Hold.
Aviva PLC (NYSE:AV) opened at 11.72 on Tuesday. The company has a market capitalization of $23.74 billion, a price-to-earnings ratio of 36.62 and a beta of 1.33. Aviva PLC has a 52 week low of $9.11 and a 52 week high of $15.67. The company’s 50-day moving average is $11.30 and its 200 day moving average is $11.88.
The company also recently announced a dividend, which will be paid on Wednesday, November 23rd. Investors of record on Friday, October 7th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Wednesday, October 5th.
Several hedge funds and other institutional investors have recently modified their holdings of AV. Ladenburg Thalmann Financial Services Inc. increased its position 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 last quarter. Bellecapital International Ltd. purchased a new position in shares of Aviva PLC during the second quarter valued at approximately $109,000. Kanaly Trust Co increased its position 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 last quarter. Bank of New York Mellon Corp purchased a new position in shares of Aviva PLC during the second quarter valued at approximately $124,000. Finally, Private Bank & Trust Co. increased its position 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 last quarter. 0.79% of the stock is currently owned by institutional investors.
Aviva PLC Company Profile
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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