Aviva (LON:AV) Shares Up 0.7% - What's Next?

Key Points

• Aviva plc's share price increased 0.7% during Thursday's mid-day trading, reaching GBX 665 ($9.03), up from its previous close of GBX 660.60 ($8.97).
• Analysts have raised their target prices for Aviva, with JPMorgan Chase increasing their target from GBX 695 to GBX 735, while Citigroup boosted theirs from GBX 623 to GBX 687, reflecting a consensus rating of "Buy."
• Insiders have been active in acquiring shares, with Ian Clark purchasing 8,100 shares at GBX 617 and Amanda Blanc buying 19,142 shares at GBX 623 in recent months.

Aviva plc (LON:AV - Get Free Report) shares rose 0.7% on Thursday . The company traded as high as GBX 665 ($9.06) and last traded at GBX 665 ($9.06). Approximately 1 shares changed hands during mid-day trading, The stock had previously closed at GBX 660.60 ($9.00).

Analyst Ratings Changes

Several research analysts have commented on AV shares. JPMorgan Chase & Co. lifted their price target on shares of Aviva from GBX 695 to GBX 735 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Citigroup lifted their price target on shares of Aviva from GBX 623 to GBX 687 and gave the company a "neutral" rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 711.

Aviva Trading Down 2.4%

The stock has a 50 day moving average of GBX 650.28 and a 200-day moving average of GBX 599.10. The company has a market capitalization of £17.71 billion, a P/E ratio of 13.59, a P/E/G ratio of 2.01 and a beta of 0.89. The company has a current ratio of 2.93, a quick ratio of 1.57 and a debt-to-equity ratio of 68.87.

Aviva (LON:AV - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported GBX 21.70 earnings per share for the quarter. Aviva had a return on equity of 14.82% and a net margin of 3.52%. On average, research analysts predict that Aviva plc will post 46.4942529 EPS for the current year.

Insiders Place Their Bets

In other Aviva news, insider Ian Clark bought 8,100 shares of Aviva stock in a transaction on Wednesday, July 9th. The shares were acquired at an average price of GBX 617 per share, for a total transaction of £49,977. Also, insider Amanda Blanc purchased 19,142 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were purchased at an average price of GBX 623 per share, for a total transaction of £119,254.66. In the last quarter, insiders acquired 33,836 shares of company stock worth $21,031,228. Insiders own 0.17% of the company's stock.

Aviva Company Profile

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.