Zacks Investment Research lowered shares of Aviva (OTCMKTS:AVVIY) from a buy rating to a hold rating in a research report released on Thursday morning.
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 research analysts also recently commented on AVVIY. Bank of America downgraded Aviva from a buy rating to a neutral rating in a report on Wednesday, December 13th. Goldman Sachs upgraded Aviva from a neutral rating to a buy rating in a report on Wednesday, February 14th.
The firm also recently disclosed 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.
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Aviva plc provides life insurance, general insurance, accident and health insurance, and asset management products and services worldwide. The company's long-term insurance and savings products include Annuities; equity release products; pension products, such as personal and group pensions, stakeholder pensions, and income drawdown; protection products, including term assurance, mortgage life insurance, flexible whole of life, and critical illness cover and group schemes; bonds and savings comprising single premium investment bonds and regular premium savings plans; and investment products consisting of unit trusts, individual savings accounts, and open ended investment companies.
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