Aviva (AVVIY) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research downgraded shares of Aviva (OTCMKTS:AVVIY) from a buy 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. “
Separately, Goldman Sachs raised shares of Aviva from a neutral rating to a buy rating in a report on Wednesday, February 14th.
The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, May 23rd. Stockholders of record on Friday, April 6th will be issued a $0.506 dividend. The ex-dividend date is Thursday, April 5th. Aviva’s dividend payout ratio (DPR) is 72.66%.
Aviva plc provides various insurance and savings products primarily in the United Kingdom, rest of Europe, Canada, and Asia. The company offers life insurance, long term health and accident insurance, pension, and annuity products; and lifetime mortgage products. It also provides insurance cover to individuals, and small and medium-sized businesses for risks associated primarily with motor vehicles, property, and medical expenses, as well as liabilities, such as employers' and professional indemnity liabilities.
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