Aviva PLC (AV) Rating Increased to Hold at Zacks Investment Research
Aviva PLC (NYSE:AV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report 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. “
A number of other analysts have also recently weighed in on the stock. Jefferies Group reaffirmed a “hold” rating on shares of Aviva PLC in a report on Thursday, September 8th. Berenberg Bank reissued a “sell” rating on shares of Aviva PLC in a research note on Tuesday, August 9th. Macquarie cut shares of Aviva PLC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 9th. Beaufort Securities reissued a “buy” rating on shares of Aviva PLC in a research note on Friday, August 5th. Finally, Barclays PLC reissued an “equal weight” rating on shares of Aviva PLC in a research note on Monday, August 1st. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Aviva PLC presently has an average rating of “Hold”.
Shares of Aviva PLC (NYSE:AV) traded down 0.61% during trading on Tuesday, hitting $11.40. 215,527 shares of the company traded hands. The stock has a market cap of $23.09 billion, a price-to-earnings ratio of 34.97 and a beta of 1.33. The firm has a 50 day moving average price of $11.16 and a 200-day moving average price of $11.90. Aviva PLC has a one year low of $9.11 and a one year high of $15.67.
The company also recently announced a dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Friday, October 7th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Wednesday, October 5th.
Several hedge funds and other institutional investors have recently made changes to their positions in AV. Ladenburg Thalmann Financial Services Inc. boosted 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 boosted 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. boosted 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. Institutional investors own 0.80% of the company’s stock.
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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