Aviva (LON:AV) Trading 0.2% Higher - Here's What Happened

Key Points

• Aviva plc shares rose 0.2%, trading at GBX 646 ($8.63) with a market capitalization of £17.57 billion.
• Analysts have varying ratings for Aviva, with most recommending a buy, while JPMorgan raised their price target from GBX 695 to GBX 735.
• Insider Ian Clark purchased 8,100 shares at GBX 617 ($8.24) on July 9, indicating strong internal confidence in the company's performance.

Shares of Aviva plc (LON:AV - Get Free Report) were up 0.2% during trading on Wednesday . The company traded as high as GBX 649.60 ($8.73) and last traded at GBX 646 ($8.69). Approximately 3,287,013 shares were traded during mid-day trading, The stock had previously closed at GBX 644.40 ($8.66).

Analyst Ratings Changes

A number of research analysts recently issued reports on AV shares. Citigroup started coverage on shares of Aviva in a research report on Tuesday, July 15th. They set a "neutral" rating and a GBX 623 ($8.38) target price on the stock. JPMorgan Chase & Co. boosted their price objective on Aviva from GBX 695 ($9.34) to GBX 735 ($9.88) and gave the company an "overweight" rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of GBX 636 ($8.55).

Aviva Stock Performance

The stock's 50 day moving average price is GBX 624.47 and its 200 day moving average price is GBX 570.66. The company has a current ratio of 2.93, a quick ratio of 1.57 and a debt-to-equity ratio of 68.87. The firm has a market cap of £17.46 billion, a PE ratio of 13.40, a P/E/G ratio of 2.01 and a beta of 0.89.

Insider Activity at Aviva

In other Aviva news, insider Ian Clark acquired 8,100 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was acquired at an average price of GBX 617 ($8.30) per share, with a total value of £49,977 ($67,191.45). Insiders own 0.17% of the company's stock.

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.