Aviva (LON:AV) Releases Quarterly 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) issued its quarterly earnings results on Thursday. The company reported GBX 21.70 EPS 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 Performance

Shares of LON:AV traded down GBX 10.40 during trading on Tuesday, reaching GBX 659.60. The stock had a trading volume of 4,137,810 shares. Aviva has a 52 week low of GBX 390.70 and a 52 week high of GBX 510.20. The firm has a market capitalization of £17.72 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 2.01 and a beta of 0.89. 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 stock has a fifty day simple moving average of GBX 630.76 and a two-hundred day simple moving average of GBX 577.59.

Insider Activity at Aviva

In other news, insider Ian Clark purchased 8,100 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were bought at an average price of GBX 617 per share, with a total value of £49,977. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup assumed coverage on shares of Aviva in a research report on Tuesday, July 15th. They set a "neutral" rating and a GBX 623 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Aviva from GBX 695 to GBX 735 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of GBX 636.

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.