AAGIY - AIA Group Limited

Other OTC - Other OTC Delayed Price. Currency in USD
39.73
+0.26 (+0.66%)
At close: 3:58PM EDT
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Previous Close39.47
Open39.38
Bid0.00 x 0
Ask0.00 x 0
Day's Range39.38 - 39.98
52 Week Range29.26 - 45.57
Volume107,440
Avg. Volume157,885
Market Cap120.057B
Beta (3Y Monthly)0.89
PE Ratio (TTM)41.04
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.86 (2.19%)
Ex-Dividend Date2019-05-20
1y Target EstN/A
Trade prices are not sourced from all markets
  • AIA will be the first to benefit if China opens up its in...
    CNBC Videos

    AIA will be the first to benefit if China opens up its in...

    Shares of AIA were down after the company reported a decline in its net profit for the first half of 2018. Francis Lun, chief executive of GEO Securities, weighs in on what's in store for the Hong Kong-listed insurer.

  • HSBC's Biggest Bid in Years Could Get Even Bigger
    Bloomberg

    HSBC's Biggest Bid in Years Could Get Even Bigger

    (Bloomberg Opinion) -- Since getting burned in the financial crisis, HSBC Holdings Plc has been in sell rather than buy mode. But now that it’s out shopping, the bank is looking to splurge. HSBC is eyeing the Asian assets of struggling British insurer Aviva Plc, which could be worth between $3 billion and $4 billion, Bloomberg reporters Dinesh Nair, Manuel Baigorri and Stefania Spezzati wrote Thursday. That would make it one of the bank’s largest purchases since it bought subprime lender Household International for $15.5 billion in 2003.The London-based lender should be prepared to pay even more: Aviva is sure to have many suitors. While the company had a difficult run in Asia, a buyer with more regional presence could better navigate the regulatory hurdles of a fractured market. The bulk of Aviva’s Asian assets are in Singapore, where a large pool of affluent residents has helped gross written premiums rise 13% per year industry-wide, according to Bain & Co. Aviva has 885,000 customers in the Southeast Asian country and was the sixth-largest insurer in Singapore last year – ahead of HSBC. The company accounted for 4.2% of the city-state’s insurance assets in 2018, says Bloomberg Intelligence analyst Steven Lam.A rare, large asset like Aviva is bound to pique the interest of FWD Group Ltd., which Hong Kong billionaire Richard Li built from the ashes of Dutch insurer ING Groep NV’s Asian businesses. FWD, widely believed to be preparing for an initial public offering, has been busy buying assets: Late last year, it snapped up an 80% stake in Commonwealth Bank of Australia’s Indonesian life insurance arm for A$426 million ($302 million). The Japanese, meanwhile, have been avid acquirers of Southeast Asian insurance assets for years, as low growth and negative bond yields at home crimp the savings of its aging population. Just this week, Japan's Taiyo Life Insurance Co. said it will buy 35% of Myanmar's Capital Life Insurance Ltd. Tokio Marine Holdings Inc. bought the Thai and Indonesian businesses of Sydney-based Insurance Australia Group Ltd. for about A$525 million ($355 million) last year, and has been open about its Southeast Asian ambitions.It makes sense that HSBC is eager to jump in: Its chairman, Mark Tucker, is an insurance supremo, having run AIA Group Ltd. and Prudential Plc previously. The recent protests in Hong Kong are pressuring the bank, which gets more than half of its pretax profit from the former British colony, to diversify, as other firms with big bases in the city have done. On Thursday, HSBC broke its silence and called for a peaceful resolution to the tensions in a newspaper ad.With the midpoint of the $3 billion to $4 billion price range amounting to 22 times Aviva's 2018 adjusted operating profit, these jewels aren’t coming cheap. That’s the same level at which AIA, Asia’s biggest insurer, trades. Bidders should prepare for a price war.To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Could AIA Group Limited (HKG:1299) Have The Makings Of Another Dividend Aristocrat?
    Simply Wall St.

    Could AIA Group Limited (HKG:1299) Have The Makings Of Another Dividend Aristocrat?

    Is AIA Group Limited (HKG:1299) a good dividend stock? How can we tell? Dividend paying companies with growing...

  • Investing for Retirement? This Asian Insurance Giant Has Grown its Dividend 370% in 8 Years
    Motley Fool

    Investing for Retirement? This Asian Insurance Giant Has Grown its Dividend 370% in 8 Years

    Want reliable income in retirement? Here's why investors should consider this Asian insurance stock that is growing dividends fast.

  • Bloomberg

    Singapore-Backed AI Firm Taiger Wins $25 Million From Investors

    (Bloomberg) -- Taiger, an artificial intelligence startup whose clients include Bank of America Corp, AIA Group Ltd. and Banco Santander SA, has raised $25 million of funding for its expansion.The company’s valuation will reach $110 million after the investment, according to a statement from the Singapore-based startup. The series B funding round has been led by PacificBridge Asset Management, an affiliate of U.S. buyout firm TPG Capital, and Hong Kong-based merchant bank and asset manager MCM Investment Partners.The Singaporean government, an anchor investor in Taiger via its SGInnovate organization, has also committed funds to help boost the company’s growth in its home country. Taiger also plans to launch its services in South Korea and Japan, and further expand its footprint in the Americas specifically Mexico.Taiger’s AI solutions use human-like logic to automatically read, understand and extract information, helping companies and government agencies reduce operating costs and optimize processing time. The startup expects to keep up its revenue growth momentum by expanding in areas such as the legal sector, according to its founder and chief executive officer Sinuhe Arroyo.“We expect to close a number of new international clients later this year,” he said in the statement.To contact the reporter on this story: Manuel Baigorri in Hong Kong at mbaigorri@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, Yudith HoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is There Now An Opportunity In AIA Group Limited (HKG:1299)?
    Simply Wall St.

    Is There Now An Opportunity In AIA Group Limited (HKG:1299)?

    AIA Group Limited (HKG:1299) saw a double-digit share price rise of over 10% in the past couple of months on the SEHK...

  • Is AIA Group Limited (HKG:1299) Potentially Underrated?
    Simply Wall St.

    Is AIA Group Limited (HKG:1299) Potentially Underrated?

    I've been keeping an eye on AIA Group Limited (HKG:1299) because I'm attracted to its fundamentals. Looking at the...

  • Reuters

    AIA Group posts 18 percent rise in first-quarter value of new business, boosted by China

    AIA's value of new business, which measures expected profits from new premiums and is a key gauge for future growth, rose to $1.17 billion for the three months ended March 31, up from $1.02 billion a year earlier. The insurer, originally founded in Shanghai nearly 100 years ago and the first foreign insurer to be granted a licence in China, has been expanding its presence in China amid Beijing's broader agenda to open up its financial sector to greater foreign participation. The company said in a statement to the stock exchange that the value of new business in Hong Kong, its key market, generated "double-digit" growth, but did not give a number.

  • Reuters

    BRIEF-AIA Group Says Q1 Value Of New Business $1,169 Mln

    May 10 (Reuters) - AIA Group Ltd: * REPORTS 11 PER CENT INCREASE IN ANNUALISED NEW PREMIUMS (ANP) TO US$1,827 MILLION IN Q1 * Q1 VALUE OF NEW BUSINESS (VONB) $1,169 MILLION VERSUS $1,021 MILLION * VONB ...

  • Should You Be Tempted To Sell AIA Group Limited (HKG:1299) Because Of Its P/E Ratio?
    Simply Wall St.

    Should You Be Tempted To Sell AIA Group Limited (HKG:1299) Because Of Its P/E Ratio?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! This article is written for those who want to get better at using price to earnings ratios (P/E ratio...

  • Could The AIA Group Limited (HKG:1299) Ownership Structure Tell Us Something Useful?
    Simply Wall St.

    Could The AIA Group Limited (HKG:1299) Ownership Structure Tell Us Something Useful?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! If you want to know who really controls AIA Group Limited (HKG:1299), then you'll have to look at the makeup of its share reg...

  • Introducing AIA Group (HKG:1299), The Stock That Zoomed 124% In The Last Five Years
    Simply Wall St.

    Introducing AIA Group (HKG:1299), The Stock That Zoomed 124% In The Last Five Years

    When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on the bright side, ifRead More...

  • Reuters

    AIA Group's 2018 value of new business rises 22 pct, beats forecasts

    AIA Group Ltd, the world's second-largest life insurer by market value, posted a 22 percent increase in its 2018 new business value, boosted by expansion in China and surging demand for insurance in Hong Kong, its home market. AIA's value of new business, which measures expected profits from new premiums and is a key gauge for future growth, rose to $3.96 billion in 2018, up from $3.21 billion in 2017, the company said in a statement on Friday. Analysts had expected Hong Kong-based AIA to post a 19 percent jump in value of new business to $3.83 billion, according to Refinitiv data.

  • Reuters

    BRIEF-AIA Group Says FY VONB US$3,955 Mln, Up 22 Pct

    March 15 (Reuters) - AIA Group Ltd: * FY 22 PER CENT GROWTH IN VONB TO US$3,955 MILLION * FY ANNUALISED NEW PREMIUMS BY 15 PER CENT TO US$6,510 MILLION * FY VONB MARGIN UP 3.7 PPS TO 60.0 PER CENT * ANNOUNCES ...

  • AIA Group Limited (HKG:1299) Investors Are Paying Above The Intrinsic Value
    Simply Wall St.

    AIA Group Limited (HKG:1299) Investors Are Paying Above The Intrinsic Value

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Insurance stocks such as 1299 are hard Read More...

  • Hong Kong’s Insurance Party Keeps Rocking
    Bloomberg

    Hong Kong’s Insurance Party Keeps Rocking

    On Thursday night, a company controlled by one of the city’s oldest business families beat out Canada’s Sun Life Financial Inc. to buy FTLife Insurance Co., a minnow in an insurance market dominated by AIA Group Ltd. and Prudential Plc. NWS Holdings Ltd., an arm of billionaire Henry Cheng’s New World Development Co., will pay HK$21.5 billion ($2.75 billion) to purchase the company from Beijing-based JD Capital. The Hong Kong conglomerate, with interests spanning real estate to jewelry and transport, joins a rush for Hong Kong insurance assets that’s drawn acquirers from Alibaba Group Holding Ltd.’s Jack Ma to Chinese developer Thai Hot Group.

  • Should You Investigate AIA Group Limited (HKG:1299) At HK$63.65?
    Simply Wall St.

    Should You Investigate AIA Group Limited (HKG:1299) At HK$63.65?

    Today we’re going to take a look at the well-established AIA Group Limited (HKG:1299). The company’s stock received a lot of attention from a substantial price movement on the SEHK Read More...

  • Simply Wall St.

    Who Are AIA Group Limited’s (HKG:1299) Major Shareholders?

    If you want to know who really controls AIA Group Limited (HKG:1299), then you’ll have to look at the makeup of its share registry. Institutions often own shares in more Read More...

  • AIA Reports Worse-Than-Expected Net Profit in First Half of 2018
    Investing.com

    AIA Reports Worse-Than-Expected Net Profit in First Half of 2018

    Investing.com - Hong Kong-listed life insurer AIA Group Ltd (HK:1299) said its net profit slumped 50% year-on-year to $1.7 billion for the first half of 2018 despite a growth in new business, according to the company’s earnings report released on Friday.