Aviva (LON:AV) Shares Up 2%

Aviva plc (LON:AV)’s share price shot up 2% during trading on Tuesday . The stock traded as high as GBX 469.74 ($5.80) and last traded at GBX 469.10 ($5.79). 3,982,598 shares were traded during mid-day trading, The stock had previously closed at GBX 459.70 ($5.68).

Analysts Set New Price Targets

Separately, Royal Bank of Canada reiterated an “outperform” rating on shares of Aviva in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 506 ($6.25).

Aviva Trading Up 0.3 %

The company has a quick ratio of 1.57, a current ratio of 2.25 and a debt-to-equity ratio of 70.27. The firm has a market cap of £12.85 billion, a price-to-earnings ratio of 1,267.84, a price-to-earnings-growth ratio of 8.09 and a beta of 0.91. The business has a 50 day moving average price of GBX 467.30 and a 200-day moving average price of GBX 437.11.

Aviva Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, April 11th will be issued a GBX 22.30 ($0.28) dividend. The ex-dividend date is Thursday, April 11th. This represents a yield of 4.9%. This is an increase from Aviva’s previous dividend of $11.10. Aviva’s dividend payout ratio is currently 8,918.92%.

Insider Activity at Aviva

In other Aviva news, insider Amanda Blanc purchased 10,597 shares of Aviva stock in a transaction that occurred on Thursday, March 7th. The stock was purchased at an average price of GBX 474 ($5.85) per share, with a total value of £50,229.78 ($62,042.71). In other news, insider Pippa Lambert bought 881 shares of Aviva stock in a transaction on Thursday, March 28th. The shares were bought at an average price of GBX 499 ($6.16) per share, with a total value of £4,396.19 ($5,430.08). Also, insider Amanda Blanc bought 10,597 shares of Aviva stock in a transaction on Thursday, March 7th. The shares were purchased at an average cost of GBX 474 ($5.85) per share, for a total transaction of £50,229.78 ($62,042.71). 0.20% of the stock is currently owned by company insiders.

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.