Why Barclays Capital Has Just Restated Their “Overweight” Rating For Aviva PLC (LON:AV) Shares


Aviva PLC (LON:AV) Rating Reaffirmed

This Morning, 10 December, Aviva PLC (LON:AV)’s “Overweight” rating was reconfirmed by Analysts at Barclays Capital in a note.

From a total of 18 analysts covering Aviva PLC (LON:AV) stock, 15 rate it a ”Buy”, 3 a “Sell”, and 4 a ”Hold”. This means that 68% of the ratings are positive. The highest target price is GBX 700 while the lowest target price is GBX 460. The mean of all analyst targets is GBX 596.28 with a 18.43% above today’s (GBX 501.15) stock price. Aviva PLC was the topic of 72 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 8 with “Overweight” rating. AlphaValue maintained shares with “Add” rating and GBX 551 target share price in a report from a December 3. Bernstein maintained AV stock in a recent report from December 7 with “Outperform” rating. RBC Capital Markets downgraded the rating on November 26. RBC Capital Markets has a “Underperform” rating and a GBX 460 price target on shares. Finally, Canaccord Genuity maintained the stock with “Buy” rating in a report issued on a December 4.

The stock decreased 0.47% or GBX 2.35 on December 9, striking GBX 501.15. Approximately 8.72M shares of stock traded hands or 20.61% up from the average. Aviva plc (LON:AV) has declined 5.47% since May 13, 2015 and is downtrending. It has underperformed by 4.68% the S&P500.

Why Barclays Capital Has Just Restated Their

The overall sentiment of institutions has increased to 2.19 in Q2 2015. Its up 0.43, from 1.76 in 2015Q2. The ratio improved, as 8 institutions have sold all the shares of Aviva plc that they owned while 18 funds have taken shares off the table. 12 funds have purchased shares for the first time while 45 added to their positions. These institutions now hold 17.78 million shares or 15.20% more than the 15.43 million shares they owned in 2015Q2.

The Fund Wright Investors Service Inc currently is holding shares equating to 1.54% of its total portfolio in Aviva plc representing a total of 247,752 shares. Another fund,Causeway Capital Management Llc, is holding a total of 1.75 million shares equating to 0.48% of their holdings. Additionally, Thornburg Investment Management Inc has a 3.60 million share stake in Aviva plc which represents 0.31% of their total portfolio. The Fund, Yorktown Management & Research Co Inc, based out of Virginia, has also built up a stake in the stock, which represents a total of 0.25% of their total portfolio. Finally Euclid Advisors Llc, a fund which is based in the state of Connecticut reported a total holdings of 370,917 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 20.54 billion GBP. 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 has 14.01 P/E ratio.

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 (AV).