Aviva (AV.)

Sector:

Insurance

Index:

FTSE 100

467.90p
   
  • Change Today:
      4.10p
  • 52 Week High: 496.60
  • 52 Week Low: 369.20
  • Currency: UK Pounds
  • Shares Issued: 2,702.58m
  • Volume: 5,234,499
  • Market Cap: £12,645m
  • RiskGrade: 140

Jefferies upgrades Aviva to 'buy'

By Michele Maatouk

Date: Wednesday 04 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Jefferies upgraded Aviva on Wednesday to 'buy' from 'neutral' and lifted the price target by 26% to 480p as it pointed to "turning tides".
The bank said it expects Aviva to deliver a best-in-class capital return yield, underpinned by a strong Solvency II ratio and the best free cash flow yield versus UK life insurance peers.

"We forecast £5.3bn of capital returns between 2023-26F, equivalent to 51% of Aviva's current market cap," it said.

"Our capital generation forecasts for 2025F (£1.69bn) are 10% ahead of consensus largely driven by our more positive outlook in General Insurance (GI)."

Jefferies said earnings should start to shift towards capital-light business, which is well-timed given improving market conditions, and should warrant a premium valuation versus peers.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Aviva Market Data

Currency UK Pounds
Share Price 467.90p
Change Today 4.10p
% Change 0.88 %
52 Week High 496.60
52 Week Low 369.20
Volume 5,234,499
Shares Issued 2,702.58m
Market Cap £12,645m
RiskGrade 140

Aviva Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.37% above the market average67.37% above the market average67.37% above the market average67.37% above the market average67.37% above the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Price Trend
40.11% above the market average40.11% above the market average40.11% above the market average40.11% above the market average40.11% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Income
91.98% above the market average91.98% above the market average91.98% above the market average91.98% above the market average91.98% above the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
70.45% below the market average70.45% below the market average70.45% below the market average70.45% below the market average70.45% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 5
Sell 1
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Aviva Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 24-Aug-23
Paid 23-May-24 05-Oct-23
Amount 22.30p 11.10p

Trades for 29-Apr-2024

Time Volume / Share Price
16:10 30 @ 468.30p
15:52 2 @ 468.00p
15:33 26 @ 467.80p
15:24 7 @ 467.80p
15:24 1,035 @ 467.60p

Aviva Key Personnel

CEO Amanda Blanc
CFO Charlotte Jones

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