|Bid||219.40 x 0|
|Ask||219.60 x 0|
|Day's range||209.60 - 220.40|
|52-week range||2.12 - 324.70|
|Beta (5Y monthly)||1.25|
|PE ratio (TTM)||7.18|
|Forward dividend & yield||0.18 (8.26%)|
|Ex-dividend date||23 Apr 2020|
|1y target est||N/A|
Dividend cuts have deprived income investors of a key source of wealth. One Fool analyses an income stock that can plug this gap. The post Looking for dividends? I’d buy this FTSE 100 income stock appeared first on The Motley Fool UK.
(Bloomberg Opinion) -- It’s time for someone else to have a go at one of the toughest jobs in European finance: deciding the future of Aviva Plc.The U.K. insurer’s pick of Amanda Blanc as chief executive officer has brought a leader with the necessary sense of urgency. The appointment of a woman to such a prominent leadership role at a European financial institution should be celebrated too, not least given it’s mainly men who enter the actuarial profession.Aviva is an incoherent global empire with life insurance, general (home and motor) insurance and asset management operations. Adjusted for currency movements, the shares have roughly halved in value in the last five years, against a European sector down 6%. They are where they were in 2012, trading on just six times expected earnings, a discount of 20% to peers Legal & General Group Plc and 45% to Prudential Plc.Against that backdrop, this latest strategic reset thankfully sounds more substantial than what’s gone before. A former executive at Zurich Insurance Group AG and Axa SA, Blanc brings an outsider’s perspective to Aviva’s problems. Since May, there’s also been an outsider in the chairman’s seat.There are no big-bang fixes without snags. The weak share price precludes a transformative merger or acquisition. Some investors want a breakup, potentially separating Aviva’s life and general insurance pieces. Unfortunately, that would end the capital benefits in combining the two.But there are moves that could work over time, so Blanc’s promise of an end to “business as usual” is unlikely to be a hollow claim. Slaying sacred cows could mean gradually selling off some of Aviva’s businesses to buyers who put more value on them than what’s implied by Aviva’s lowly 11 billion-pound ($14 billion) market capitalization.For instance, there’s no need for the company to own its own fund management unit when it can buy in those services externally.The international operations could be cut back too. Analysts at Barclays Plc last year argued Aviva should retrench to its domestic business and use the proceeds from overseas disposals to cut debt and return cash to shareholders. The resulting payout today may be smaller than the 10 billion pounds mooted at the time. But the logic of creating a simpler, U.K.-focused Aviva that’s easier to manage, and easier to understand, remains.The difficult question is why Aviva hasn’t attracted an activist investor when some of its rivals have. The likely answer is that Aviva is just next on the list. There are worrying alternative explanations. Perhaps agitators are struggling to construct a campaign arguing that management is neglecting to take some obvious action that would boost the shares — such as the U.S./Asia split Dan Loeb sought at Prudential — because they know no such silver bullet exists. Worse, perhaps they don’t see much upside from shaking up Aviva, whereas Elliott Management Corp. reckons NN Group NV is worth almost double its share price. Blanc won't want any activists on her back, but she'll also want to quickly dispel the notion that Aviva isn't worth the bother.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Finding FTSE 100 stocks that offer growth, value, and dividends isn’t easy. But I think this stock has all these attributes, says Edward Sheldon. The post Growth, value, and dividends. I’d buy this FTSE 100 stock today appeared first on The Motley Fool UK.
The Legal amp;amp; General (LON:LGEN) share price has risen by 5.26% over the past month and it’s currently trading at 215.7. For investors considering whethe...
Cheap FTSE 100 shares paying yields over 7%? We'd all like to own at least one. Tom Rodgers finds two he thinks you should consider. The post 2 cheap FTSE 100 shares yielding 7% or more! I’m buying appeared first on The Motley Fool UK.
The future of Accelerated Digital Ventures (ADV), the U.K. early-stage investment firm now majority owned by Legal & General, is in flux after three of its founders have lost their seat on the board, TechCrunch has learned. ADV's investments include Push Doctor, WeFarm and Perlego, amongst many others. Rumours began circulating earlier this month within the London startup community that three of ADV's founders and members of the executive team, including CEO Lee Strafford, had abruptly left the firm.
Every stock market crash offers bargains and right now there are two FTSE 100 stocks that stand out to me as being deeply undervalued after recent declines. The post I'd buy these two FTSE 100 stock market crash bargains now appeared first on The Motley Fool UK.
British life insurer Legal & General <LGEN.L> is planning to issue debt to capitalise on favourable market conditions after seeing an 8% rise in assets under management in the past two months, it said on Tuesday. The company said the unit had estimated assets under management of 1.23 trillion pounds at the end of May, compared with 1.14 trillion pounds at the end of March. L&G expects its shareholder solvency ratio - a key measure of a firm's capital strength - to be in the range of 162% to 167% at the half-year, lower than the 174% it had reported for the period to Feb. 28.
The Legal amp;amp; General (LON:LGEN) share price has risen by 24.4% over the past month and it’s currently trading at 251.5. For investors considering whethe...
Want to get involved in the market recovery? Here’s how I’d invest in growth and income shares in an ISA. The post Here's how I'd invest £200 per month in an ISA starting right now appeared first on The Motley Fool UK.
I think these two FTSE 100 (INDEXFTSE:UKX) shares could produce impressive returns after the stock market’s recent crash.The post Don't waste the stock market crash! I’d buy these 2 cheap FTSE 100 shares right now appeared first on The Motley Fool UK.
Yvonne Fovargue, head of the All Party Parliamentary Group on consumer protection, said insurers were 'weaselling their way out' of paying on the pandemic.
For many, the main point of investing is to generate higher returns than the overall market. But every investor is...
Lloyd's of London, Hiscox and RSA are among donors to a new British 100 million pound ($121.19 million) insurance and long-term savings COVID-19 support fund, the Association of British Insurers (ABI) said on Monday. The fund is being set up as insurers like Hiscox are under attack from small businesses who say their claims for disruption due to the virus have been declined, prompting the Financial Conduct Authority to go to the courts for a decision on the issue. The fund has already received 82.5 million pounds in pledges, the ABI said in a statement, with 20 million pounds of the money pledged so far going to The National Emergencies Trust to support charities tackling the effects of the virus.
Lloyd's of London said its members were set to pay out between $3bn and $4.3bn over the pandemic, putting it on a par with the 9/11 terrorist attacks.
The FCA said it would seek an urgent court ruling over whether the wording around business interruption covered small businesses.
The company said the unit, one of Britain's biggest investors, had estimated assets under management (AUM) of 1.14 trillion pounds in the three months to March, compared with 1.2 trillion pounds at the end of Dec. 31. Legal & General said the unit saw external net flows of 10.6 billion pounds during the period. Legal & General, which said it was performing broadly in line with last year, intends to issue debt "taking account of current favourable debt market conditions".
Dividend payouts are a vital part of the return that investors get from owning stocks over time. Whether you're after large-cap cash cows or small-cap growth s8230;
Recruiter Morgan McKinley said new financial services jobs grew strongly in January and February before the COVID-19 pandemic halted the revival.
Legal & General Group (LON:LGEN) has had a rough three months with its share price down 35%. But if you pay close...
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
Nearly half of UK-listed companies have cancelled dividends so far this year, according to a report from fund administrator Link Group.
Aviva, Hiscox, Direct Line, and RSA all cut payouts to shareholders, piling the pressure on rival Legal & General to do the same.
The Bank of England said on Wednesday that it welcomed the decision by some insurers to pause paying dividends due to the risk of heavy costs from the spread of the coronavirus. "When insurers are considering whether or not to proceed with any dividend payments, their boards should pay close attention to the need to protect policyholders and maintain safety and soundness," the BoE said in a statement.
The Bank of England said on Friday it backed calls from the European Union's insurance regulator for insurers to pay close attention to protecting policyholders when deciding whether to pay dividends or bonuses. "We therefore expect firms to be prudent in deciding on dividend payments or variable remuneration in view of the elevated levels of uncertainty presented by coronavirus and its impact on the global economy," a Bank of England spokesperson said. Shares in top European insurers sank on Friday after the European Insurance and Occupational Pensions Authority said on Thursday evening that insurers should suspend dividends and share buybacks, and postpone bonuses where possible.