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Aviva (LON:AV) Shares Up 2.6% - Time to Buy?

Aviva logo with Financial Services background

Aviva plc (LON:AV - Get Free Report)'s stock price was up 2.6% on Wednesday . The stock traded as high as GBX 608 ($8.22) and last traded at GBX 607.40 ($8.21). Approximately 12,021,676 shares changed hands during trading, The stock had previously closed at GBX 591.80 ($8.00).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price target on Aviva from GBX 615 ($8.31) to GBX 635 ($8.58) and gave the stock an "overweight" rating in a report on Thursday, March 6th.

Read Our Latest Stock Analysis on Aviva

Aviva Stock Performance

The firm has a market capitalization of £16.41 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 2.01 and a beta of 0.89. The company has a debt-to-equity ratio of 68.87, a quick ratio of 1.57 and a current ratio of 2.93. The company has a fifty day moving average of GBX 553.78 and a two-hundred day moving average of GBX 515.65.

Aviva (LON:AV - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported GBX 23.60 ($0.32) earnings per share for the quarter. Aviva had a return on equity of 14.82% and a net margin of 3.52%. As a group, equities research analysts predict that Aviva plc will post 46.4942529 earnings per share for the current fiscal year.

Aviva Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, April 24th will be issued a GBX 23.80 ($0.32) dividend. The ex-dividend date is Thursday, April 24th. This is a boost from Aviva's previous dividend of $11.90. This represents a yield of 4.25%. Aviva's payout ratio is currently 70.07%.

Insider Buying and Selling at Aviva

In other news, insider Amanda Blanc sold 523,728 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of GBX 555 ($7.50), for a total transaction of £2,906,690.40 ($3,927,960.00). Insiders own 0.17% of the company's stock.

Aviva Company Profile

(Get Free Report)

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.

Further Reading

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