Aviva PLC (AV) Upgraded to “Hold” by Zacks Investment Research
Aviva PLC (NYSE:AV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
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. “
AV has been the subject of a number of other research reports. Jefferies Group reiterated a “hold” rating on shares of Aviva PLC in a report on Thursday, September 8th. Barclays PLC cut Aviva PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. Shore Capital reiterated a “sell” rating on shares of Aviva PLC in a report on Saturday, June 25th. Deutsche Bank AG reiterated a “buy” rating on shares of Aviva PLC in a report on Saturday, June 25th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Aviva PLC in a report on Friday, August 5th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold”.
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Shares of Aviva PLC (NYSE:AV) traded down 0.61% during trading on Tuesday, reaching $11.40. 215,527 shares of the company’s stock traded hands. Aviva PLC has a 1-year low of $9.11 and a 1-year high of $15.67. The company has a 50 day moving average price of $11.16 and a 200 day moving average price of $11.90. The stock has a market capitalization of $23.09 billion, a PE ratio of 34.97 and a beta of 1.33.
The firm also recently announced a dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Friday, October 7th will be given a $0.175 dividend. The ex-dividend date of this dividend is Wednesday, October 5th.
Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in shares of Aviva PLC by 23.3% in the second quarter. Royal Bank of Canada now owns 70,988 shares of the company’s stock worth $758,000 after buying an additional 13,407 shares during the last quarter. Stifel Financial Corp raised its position in shares of Aviva PLC by 1.0% in the second quarter. Stifel Financial Corp now owns 78,170 shares of the company’s stock worth $836,000 after buying an additional 755 shares during the last quarter. Euclid Advisors LLC acquired a new position in shares of Aviva PLC during the second quarter worth about $1,964,000. Parametric Portfolio Associates LLC raised its position in shares of Aviva PLC by 6.6% in the second quarter. Parametric Portfolio Associates LLC now owns 1,618,164 shares of the company’s stock worth $17,298,000 after buying an additional 99,762 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new position in shares of Aviva PLC during the second quarter worth about $212,000. 0.80% 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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