Finally Time To Cut Your Stake? RBC Capital Markets Downgrades Aviva (NYSE:AV) Shares


Aviva (NYSE:AV) Receives a Downgrade

In an analyst note revealed to clients on Friday morning, RBC Capital Markets announced that they will be downgrading shares of Aviva (NYSE:AV) from a “Sector Perform” to a “Underperform” rating.

From a total of 4 analysts covering Aviva (NYSE:AV) stock, 3 rate it a ”Buy”, 1 a “Sell”, and 0 a ”Hold”. This means that 75% of the ratings are positive. Aviva was the topic of 4 analyst reports since September 24, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets downgraded shares on November 27 to “Underperform” rating. Beaufort Securities upgraded AV stock in a recent report from October 30 to “Buy” rating.

The stock decreased 0.71% or $0.11 on November 27, striking $15.45. Approximately 127,052 shares of stock traded hands. Aviva Plc (ADR) (NYSE:AV) has declined 5.45% since April 27, 2015 and is downtrending. It has underperformed by 4.55% the S&P500.

Finally Time To Cut Your Stake? RBC Capital Markets Downgrades Aviva (NYSE:AV) Shares

Aviva plc is a provider of long-term insurance and savings general and health insurance and fund management services and products. The company has a market cap of $31.48 billion. The Firm operates across four lines of business: The Company’s long-term insurance and savings business, which includes a range of life insurance and savings products; general insurance, which focuses on personal and commercial lines, health insurance and fund management, which manages funds on behalf of its long-term insurance and general insurance businesses, external institutions, pension funds and retail clients. It currently has negative earnings.

According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on Aviva Plc (ADR) (AV)