Aviva plc (AV) Shares Down 1.2%

Aviva plc (LON:AV)’s share price dropped 1.2% during mid-day trading on Monday . The stock traded as low as GBX 504.50 ($6.66) and last traded at GBX 506.50 ($6.68). Approximately 9,478,228 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 8,509,050 shares. The stock had previously closed at GBX 512.50 ($6.76).

AV has been the subject of several analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 606 ($8.00) target price on shares of Aviva plc in a research note on Friday, September 8th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 585 ($7.72) target price on shares of Aviva plc in a research note on Wednesday, July 26th. Panmure Gordon reiterated a “buy” rating and issued a GBX 635 ($8.38) target price on shares of Aviva plc in a research note on Thursday, August 3rd. Barclays PLC boosted their target price on shares of Aviva plc from GBX 504 ($6.65) to GBX 509 ($6.72) and gave the company an “equal weight” rating in a research note on Monday, September 11th. Finally, Societe Generale decreased their target price on shares of Aviva plc from GBX 525 ($6.93) to GBX 520 ($6.86) and set a “hold” rating for the company in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 572.40 ($7.55).

The stock has a 50 day moving average price of GBX 503.46 and a 200-day moving average price of GBX 521.38. The firm’s market capitalization is GBX 20.52 billion.

The company also recently declared a dividend, which will be paid on Friday, November 17th. Stockholders of record on Thursday, October 5th will be given a GBX 8.40 ($0.11) dividend. This represents a dividend yield of 1.6%. The ex-dividend date is Thursday, October 5th.

In related news, insider Glyn Barker acquired 11,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was purchased at an average price of GBX 505 ($6.66) per share, for a total transaction of £55,550 ($73,304.30). Also, insider Tom Stoddard sold 53,325 shares of Aviva plc stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of GBX 536 ($7.07), for a total value of £285,822 ($377,173.40). In the last 90 days, insiders bought 13,696 shares of company stock valued at $6,898,713.

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Aviva plc Company Profile

Aviva plc is a holding company. The Company provides customers with long-term insurance and savings, general and health insurance, and fund management products and services. Its segments include United Kingdom & Ireland; France; Poland; Italy, Spain and Other; Canada; Asia; Aviva Investors, and Other Group activities.

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