Aviva Share Discussion Threads

[mountpleasant] 18/4/2024 16:46

hxxps://www.independent.ie/business/personal-finance/boost-for-competition-as-aviva-joins-forces-to-launch-new-health-insurance-provider/a65661803.html

[tornado12] 16/4/2024 16:34

It will be incredibly ironic if this falls back to its old range of 420p ish. Seems nothing in U.K. PLC or FTSE 100 is sustainable these days. Got to keep the faith in a solid investment like Aviva GLA

[muscletrade] 16/4/2024 07:00

Legal & General Group PLC (LSE:LGEN) and M&G PLC (LSE:MNG) are rated as ‘buys’ amongst the UK’s life insurance market, as analysts at Deutsche Bank highlighted its expectations for growth.

The German bank meanwhile rates Aviva PLC (LSE:AV.) and Phoenix Group Holdings PLC (LSE:PHNX) as ‘hold’.

“Full year 2023 results highlighted that the UK Life Insurers are increasingly prioritising growth,” Deutsche said in a note.

“This is evident in commentary around using capital to invest (mainly organically).

“As such, whilst income is clearly a key attraction for the UK Life names, we believe incremental deployment of capital will be used to: (a) grow the top and bottom lines, via increasing distribution and reducing costs, (b) optimising the balance-sheet, via debt reduction and ALM; before considering excess capital return.”

L&G, in March, increased pension-based operating profits by 10% in 2023 to generate £886 million in a year that saw record appetite for de-risking among legacy pension providers. Some £50 billion in PRTs was transacted in the UK, with L&G leading on some of the landmark deals, including the British Steel Pension Scheme and Boots Pension Scheme transfers.

It announced a firm-wide operating profit of £1.67 billion for 2023, basically flat from £1.66 billion in 2022, while adjusted profit before tax nearly halved to £561 million.

Aviva results, also in March, showed the insurer had exceeded its operating profit target in 2023 with a 9% increase to £1.47 billion, up from £1.35 billion in 2022. Management had guided for operating profits between £1.42 billion and £1.45 billion but warned the actual number might be nearer the bottom than the top given the dismal weather in Britain this winter.

The FTSE 100-listed insurance multinational announced a £300 million share buyback

Elsewhere, M&G PLC (LSE:MNG) (M&G PLC (LSE:MNG)) reported solid results, with capital generation better than expected.

Helped by strong net inflows to its asset management arm of £1.1 billion, up 450% year-on-year, operating capital generation in the second half of the year came in at £491 million, which was £85 million better than City analyst expectations. Management maintained guidance for £2.5 billion of cumulative capital generation by the end of 2024.

[1robbob] 15/4/2024 08:26

Share Buy-back update
As at 12th April

Total Shares purchased: 27.1m
Total cost of shares purchased: £131.0m
Average cost of shares purchased: 483.3p
% of Buy-back completed: 43.7%

Saved cost of Final Dividend: £5.1m

Assuming a total dividend cost of £960m for 2024
the total dividend per share will be 35.39p (+5.95% on 2023)

[1robbob] 14/4/2024 12:01

So much bluster in the Press and the Treasury about the demise of the UK Market and the lack of investment in the UK by Institutions.

No artificial fancy Plans or Incentives, please
Just stabalise the currency and the tide will reverse.

Do the Politicians have the will to address the weakness in Sterling?
...NO

At the very least UK Interest Rates would have to follow, not lead, the US

[jubberjim] 12/4/2024 17:31

Skinny

Any Gaps ????

Apart from the gaps in my knowledge !

All the best

[netcurtains] 12/4/2024 08:50

come on son!

[1robbob] 11/4/2024 18:01

danddu69
>Could the prospects of interest rates decreases potentially now coming later in the >year than first suggested, be negatively impacting financial stocks today?

Good news for the P&L Account, bad news for Stockmarket sentiment

[dandu69] 11/4/2024 16:26

Could the prospects of interest rates decreases potentially now coming later in the year than first suggested, be negatively impacting financial stocks today?

[smurfy2001] 11/4/2024 15:35

Always does terrible after XD.

[digitaria] 11/4/2024 13:12

Topped up on the xd dip. Brings AV to about 4% of portfolio.

[cyberian] 11/4/2024 12:32

Citi will be mopping-up a few stragglers I guess at attractive prices today and maybe tomorrow which should not hurt sentiment too unduly.

[tuftymatt] 11/4/2024 10:39

Yeah this and two others I hold went ex divi today and all are giving great long term top up prices.

Sure if we knew what was going to happen we would have sold and got back in today without locking in the divi but we didn't so we move on and wait for the next run towards 500

Good luck all 👍🏻

[fenners66] 11/4/2024 10:09

Villarich I was asking what was your comment getting at.

[netcurtains] 11/4/2024 10:00

I bought the ex-div too early…. Should have waited until lunch at least or tomorrow

[engelbert1969] 11/4/2024 09:41

As a long term investor I love a disproportionate drop xd.

[villarich] 11/4/2024 09:30

Are you asking me what the intention was of a comment you wrote?

[fenners66] 11/4/2024 09:13

>Villarich
11 Apr '24 - 08:53 - 19299 of 19300
I think you’re looking for something that isn’t there."

Was that comment about the alternative way to collect the dividend ?

[yump] 11/4/2024 08:55

Perhaps the scale of the drop will also be driven by whatever profit people are sitting on from the run up from 380p area. If they trade some rather than just being income investors. Or if the run up had already started to run out.

460p also just happens to be on the previous resistance before it broke out.

[villarich] 11/4/2024 08:53

I think you're looking for something that isn't there. If this wasn't an XD day and the share price was down 0.6% then no one would be batting an eye lid

[fenners66] 11/4/2024 08:47

So xd for 22.3p today and down by 25.4p so far.

Following on from the discussion on M&G where as uppompeii has said it fell by much more than the dividend
it looks like another way to skin the dividend cat - selling and rebuying...

[netcurtains] 11/4/2024 08:42

ex-div hoping...

I have just bought a few....
probably a mistake...
but you have to be in it to win it!!!

[uppompeii] 11/4/2024 07:59

I managed to time the dip quite well yesterday so am currently about 3p up and now looking forward to a lower than XD fall today!What are the chances? M&G has been clobbered post divi, and it's rarely worked for me before.

[1robbob] 10/4/2024 11:18

cyberian

Citi seem to buy circa 1.2m shares a day regardless of the market circumstances

Do take account that L&G do not go xd until 25th April
So there could be some divi switching between AV xd and LGEN cumd, especially
as L&G are still at a 1.25%+ yield premium

[cyberian] 10/4/2024 08:52

rob...I guess after the expected fall tomorrow when we go XD, Citi will still have plenty of ammunition to continue to buy-back more shares as your recent post suggest. Hopefully this will provide some support to the share price going forward along with the completion of the AIG acquisition which appears to be well received by the market. Further growth prospects in ones key markets with cross selling opportunities is a big positive.