|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.35 - 5.35|
|52 Week Range||2.42 - 5.39|
|Beta (5Y Monthly)||1.25|
|PE Ratio (TTM)||14.58|
|Forward Dividend & Yield||0.28 (5.26%)|
|Ex-Dividend Date||Apr 08, 2021|
|1y Target Est||N/A|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Aviva PlcGlobal Credit Research - 05 Mar 2021London, 05 March 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Aviva Plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 25 February 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
(Bloomberg) -- French insurer CNP Assurances has agreed to buy a majority stake in an Italian life-insurance partnership with UniCredit SpA, people with knowledge of the matter said.CNP will take over Aviva Plc’s 51% holding in the joint venture with UniCredit for about 385 million euros ($463 million), the people said, asking to not be named because the process isn’t public. The accord is part of Aviva’s plan to exit the Italian business, said the people.The U.K. insurer is also selling a separate Italian life business to CNP for 160 million euros and its non-life Italian business to Allianz SE, the people said.The transactions are close to a finalization and may be announced as soon as this week, they said. Representatives for CNP, UniCredit and Aviva declined to comment on the decision.Unicredit, Italy’s biggest lender by assets, has been seeking a new partner to provide insurance products sold through its retail bank branches. Bancassurance deals provide insurers a greater reach than they would have on their own. It’s also a boon for the banks, who usually receive an upfront payment as well as commissions on product sales.The sale is part of Aviva Chief Executive Officer Amanda Blanc’s plan to improve the London-listed insurer’s struggling share price by offloading non-core assets. Mergers and acquisitions in the European insurance industry are being driven by companies looking to bulk up their property and casualty businesses while selling interest-rate dependent life units.(Adds Aviva context in final paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
One of UK’s largest investors will sell shares in companies that fail to align themselves with Paris Climate Agreement