Aviva plc (LON:AV) traded up 1.6% on Wednesday . The stock traded as high as GBX 516.50 ($6.82) and last traded at GBX 513 ($6.77). 11,527,302 shares traded hands during trading, an increase of 34% from the average session volume of 8,573,060 shares. The stock had previously closed at GBX 505 ($6.66).
Several equities research analysts have weighed in on the company. Morgan Stanley increased their price target on Aviva plc from GBX 601 ($7.93) to GBX 627 ($8.27) and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Macquarie increased their price target on Aviva plc from GBX 598 ($7.89) to GBX 608 ($8.02) and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Barclays PLC raised Aviva plc to an “overweight” rating and increased their price target for the stock from GBX 509 ($6.72) to GBX 567 ($7.48) in a research report on Friday, October 27th. J P Morgan Chase & Co cut their price target on Aviva plc from GBX 624 ($8.23) to GBX 617 ($8.14) and set an “overweight” rating on the stock in a research report on Monday, October 23rd. Finally, Shore Capital reaffirmed a “hold” rating on shares of Aviva plc in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Aviva plc has a consensus rating of “Buy” and a consensus price target of GBX 572.40 ($7.55).
The firm also recently declared a dividend, which will be paid on Friday, November 17th. Shareholders of record on Thursday, October 5th will be issued a GBX 8.40 ($0.11) dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, October 5th.
In other news, insider Glyn Barker acquired 11,000 shares of Aviva plc stock in a transaction that occurred on Friday, September 22nd. The shares were acquired at an average price of GBX 505 ($6.66) per share, with a total value of £55,550 ($73,304.30). Also, insider Patricia Cross acquired 2,609 shares of Aviva plc stock in a transaction that occurred on Wednesday, October 4th. The shares were purchased at an average cost of GBX 498 ($6.57) per share, for a total transaction of £12,992.82 ($17,145.45). Insiders acquired 13,696 shares of company stock worth $6,898,713 in the last ninety days.
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About Aviva plc
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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