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Aviva UK insurance chief tops up

Shares in the life assurer have fallen more than a fifth since their 12-month peak in May
November 15, 2018

Aviva’s (AV.) stagnant share price may have partly motivated former chief executive Mark Wilson’s recent ousting, but it could present a buying opportunity for others. Head of UK insurance Andy Briggs – one of Mr Wilson’s likely successors – seems to think so, purchasing just over £105,000 shares in the life assurer on 7 November 2018.

IC TIP: Buy at 432p

Aviva has suffered its fair share of controversy during the past year. In May, it revealed an aggregate £14m goodwill payment to compensate preference shareholders that panic sold their holdings after it mooted cancelling four classes of the shares. The group sparked fury among preference shareholders when it said it was considering cancelling £450m of the high-yielding 'irredeemable' shares at par value – news that wiped roughly 30 per cent off the value of some issues in just one day. 

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Access Intelligence*Mark Fautley05 Nov 1831,57847.515,00031,5780.052
Access Intelligence*Christopher Satterthwaite05 Nov 1852,63247.525,00052,6320.087
Alumasc  Graham Hooper (ceo)07 Nov 1822,790130.929,832483,2681.337
Ariana Resources Michael de Villiers (ch)02 Nov 181,000,0001.32313,23053,500,0005.049
Artemis Alpha Trust Jamie Korner01 Nov 183,300295.629,75523,3000.057
Aviva Andrew Briggs 07 Nov 1825,000423105,750331,1260.008
Baillie Gifford Shin Nippon Michael Donaldson (ch)01 Nov 1811,761171.520,17027,4280.010
Be Heard  Simon Pyper (cfo)01 Nov 18300,0001.33,9003,740,6880.359
Bigblu Broadband Michael Tobin (ch)02 Nov 1810,869929,999227,2770.401
Braemar Shipping Services Jürgen Breuer02 Nov 1810,30022723,38181,3000.259
CareTech  Michael Hill (fd)01 Nov 182,50040110,025139,9050.128
Connect  Tony Grace06 Nov 1855,78435.852520,00055,7840.023
EQTEC Ian Price05 Nov 18725,8060.936,750725,8060.040
EQTEC Gerry Madden (fd)05 Nov 18569,6770.935,2981,386,8170.077
EQTEC Ian Pearson05 Nov 18537,6340.935,000537,6340.030
EQTEC Thomas Quigley 05 Nov 18193,5480.931,800193,5480.011
Fidelity Special Values Nigel Foster 06 Nov 181,000252.52,52551,0000.019
Fidelity Special Values Nigel Foster 01 Nov 1810,000257.8425,78440,0000.015
Gunsynd Donald Strang05 Nov 1863,000,0000.02918,270221,238,9914.531
Hays Susan Murray 01 Nov 184,000164.46976,5794,0000.000
HgCapital Trust Guy Wakeley05 Nov 182281,979.904,5142320.001
JKX Oil & Gas Adrian Coates07 Nov 1815,00039.85,97050,0000.029
Kin and Carta Michael Butterworth02 Nov 1851,6429549,06077,6420.051
Legal & General  Carolyn Bradley01 Nov 18685250.41,71531,0720.001
Legal & General  John Kingman (ch)01 Nov 181,396250.43,496145,8510.002
Legal & General  Toby Strauss01 Nov 181,099250.42,75220,5510.000
Metro Bank Catherine Brown 01 Nov 181002,2882,2881000.000
Obtala Kevin Milne02 Nov 1877,5416.4344,989199,7930.053
Parity  David Firth 06 Nov 1850,0007.53,750150,0000.146
Parity  David Firth 07 Nov 1850,0007.53,750200,0000.195
Primary Health Properties♥Harry Hyman05 Nov 1888110.69713,308,0191.805
Ricardo Laurie Bowen06 Nov 181,3287069,3765,3280.010
Ricardo Laurie Bowen07 Nov 186727264,8796,0000.011
Safestyle UK Alan Lovell (ch)05 Nov 1830,00096.228,860130,0000.157
Spire Healthcare  Simon Rowlands05 Nov 18200,000132.08264,160528,5160.132
Standard Chartered Naguib Kheraj02 Nov 1838,000581.259220,87840,5710.001
Standard Chartered José  Viñals (ch)02 Nov 1810,000581.5858,15818,5000.001
Standard Chartered Jasmine Whitbread02 Nov 181,000581.7785,8183,6150.000
Ten Entertainment  David Wild06 Nov 1810,000236.523,65010,0000.015
TP ICap David Shalders05 Nov 185,026296.714,91213,8530.002
UP Global Sourcing  James McCarthy (ch)06 Nov 18135,00039.353,055935,0001.138
Ventus VCT Christopher Zeal 07 Nov 1850,00010351,50050,0000.307
Vertu Motors Peter Jones (ch)06 Nov 18228,00036.7583,7901,750,0000.463
Whitbread Richard Gillingwater 01 Nov 181,000453145,3101,0000.001
Witan Pacific Investment Trust Chris Ralph07 Nov 183,35029910,0175,1800.008
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Altitude  Gellan Watt05 Nov 1816,66770.511,75000.000
*Placing/tender/open offer ♥Spouse/connected party