Aviva (LON:AV) Releases Earnings Results

Key Points

• Aviva reported a quarterly earnings per share of GBX 21.70 ($0.29), with a net margin of 3.52% and a return on equity of 14.82%.
• The company's stock has seen recent activity, trading up to GBX 659 ($8.95), and analysts have a consensus "Buy" rating with an average price target of GBX 636 ($8.64).
• Insider Ian Clark purchased 8,100 shares at an average cost of GBX 617 ($8.38), indicating insider confidence in the company's performance.

Aviva (LON:AV - Get Free Report) posted its earnings results on Thursday. The company reported GBX 21.70 ($0.29) earnings per share for the quarter, Digital Look Earnings reports. Aviva had a net margin of 3.52% and a return on equity of 14.82%.

Aviva Stock Down 0.9%

Shares of AV stock traded down GBX 5.80 ($0.08) on Friday, hitting GBX 670 ($9.08). The stock had a trading volume of 5,457,988 shares. The company has a quick ratio of 1.57, a current ratio of 2.93 and a debt-to-equity ratio of 68.87. The business has a 50 day moving average price of GBX 629 and a 200 day moving average price of GBX 575.47. The company has a market cap of £18.00 billion, a PE ratio of 13.81, a P/E/G ratio of 2.01 and a beta of 0.89. Aviva has a one year low of GBX 390.70 ($5.30) and a one year high of GBX 510.20 ($6.92).

Analyst Upgrades and Downgrades

AV has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Aviva from GBX 695 ($9.42) to GBX 735 ($9.96) and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Citigroup initiated coverage on Aviva in a research report on Tuesday, July 15th. They set a "neutral" rating and a GBX 623 ($8.44) target price for the company. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of GBX 636 ($8.62).

Insider Buying and Selling at Aviva

In related news, insider Ian Clark bought 8,100 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were bought at an average price of GBX 617 ($8.36) per share, for a total transaction of £49,977 ($67,737.87). 0.17% of the stock is owned by insiders.

About Aviva

Aviva plc provides various insurance, retirement, investment, and savings products in the United Kingdom, Ireland, Canada, and internationally. The company offers life insurance, long-term health and accident insurance, savings, pension, and annuity products, as well as pension fund business and lifetime mortgage products.