|Bid||2,306.00 x 0|
|Ask||2,307.00 x 0|
|Day's range||2,289.00 - 2,328.00|
|52-week range||1,691.50 - 3,706.00|
|Beta (5Y monthly)||0.20|
|PE ratio (TTM)||17.74|
|Earnings date||10 Aug 2022|
|Forward dividend & yield||0.86 (3.74%)|
|Ex-dividend date||01 Sept 2022|
|1y target est||2,212.94|
FTSE 100 insurer Aviva has promised a share buyback funded by better than expected cash generation, months after returning £4.75bn to investors, prompting a sharp rise in its stock. In its first-half results on Wednesday, Aviva said rising interest rates had also helped increase its Solvency II ratio — the proportion of capital it holds as a percentage of the minimum required — to 213 per cent, when adjusted for one-off items, above the 206 per cent average estimated by analysts. Chief executive Amanda Blanc would not be drawn on the size of the buyback, which is due to be launched at full-year results, but said the company wanted to show investors that it was “more than aware of our commitment to return capital” above a 180 per cent solvency ratio.
The FTSE 100 company saw its total number of customers rise to 9.11 million.
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