Is there still life in the Aviva share price? It certainly seems so. The stock took a huge hit in March 2020, after Aviva’s share price had hit highs of 423p in January last year, but as the Covid-19 pandemic took hold, that figure was halved.
The company has recovered strongly since, having made its way back to just over 400p this month. Could this upward trend continue as Aviva releases its Q1 results on Thursday?
Aviva share price helped by divestment spree
Aviva has been on a bit of a disposal spree in the last few months, selling its Singapore business for £1.6bn to Singlife and a consortium of other buyers in September. The insurer also sold its stake in Italian business, Aviva Vita in November for €400m, and the Hong Kong and Vietnam businesses in December. In March it announced another disposal, selling Aviva Italy to Allianz for €873m, while earlier this month the company completed the exit process for its Turkey business, receiving a £122m cash consideration in the process.
These sales are part of CEO Amanda Blanc’s desire…