Insider Buying: Aviva plc (LON:AV) Insider Buys 987 Shares of Stock

Aviva plc (LON:AV) insider Pippa Lambert acquired 987 shares of the company’s stock in a transaction on Monday, September 30th. The shares were purchased at an average cost of GBX 489 ($6.54) per share, with a total value of £4,826.43 ($6,455.90).

Aviva Price Performance

Aviva stock traded down GBX 6 ($0.08) during midday trading on Tuesday, reaching GBX 483.60 ($6.47). The company had a trading volume of 3,881,408 shares. The company has a market capitalization of £12.86 billion, a P/E ratio of 1,064.35, a P/E/G ratio of 1.93 and a beta of 0.89. Aviva plc has a 12-month low of GBX 375.10 ($5.02) and a 12-month high of GBX 510.20 ($6.82). The firm’s fifty day simple moving average is GBX 492.11 and its 200-day simple moving average is GBX 484.34. The company has a debt-to-equity ratio of 67.09, a current ratio of 2.17 and a quick ratio of 1.57.

Aviva Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 5th will be paid a GBX 11.90 ($0.16) dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a dividend yield of 2.44%. Aviva’s dividend payout ratio (DPR) is 7,391.30%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AV. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 545 ($7.29) price objective on shares of Aviva in a report on Friday, July 5th. The Goldman Sachs Group started coverage on Aviva in a report on Wednesday, September 18th. They set a “buy” rating for the company. Finally, Jefferies Financial Group upped their price target on Aviva from GBX 525 ($7.02) to GBX 550 ($7.36) and gave the company a “buy” rating in a research report on Monday, September 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 524.80 ($7.02).

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.