Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

JP Morgan downgrades insurers

JP Morgan has downgraded Aviva, Friends Provident and Legal & General from neutral to underweight.

It has cut fair values prices for Aviva (AV.) by 125p to 400p, Friends Provident (FP.) by 69p to 91p, Legal & General (LGEN) by 45p to 75p, Prudential (PRU) by 180p to 320p, neutral-rated Abbey National (ANL) by 75p to 425p, overweight-rated HBOS (HBOS) by 40p to 775p, underweight-rated Lloyds TSB (LLOY) by 50p to 450p. The last three are banks which own substantial insurance operations.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter