Share price fall leads to Aviva executive making investment

<p>Mark Wilson has bought £500,000 worth of Aviva shares.</p>

New Aviva chief executive Mark Wilson has bought £500,000 worth of stocks in the company after its share price fell earlier in the month.

The firm announced its a pre-tax loss of £2.7 billion on the back of the sale of its US insurance business for more than $1 billion (£665 million) and its stocks were down by more than ten per cent.

According to a report by Sharecast, Mr Wilson acquired 150,000 ordinary shares at 321.1113p, meaning he spent a total of £481,667, which is his first investment since joining the company earlier in the year.

This was the biggest director investment in the market on Tuesday, with Robert Cathery purchasing £191,835 worth of shares in Soco International and Stuart Mitchell buying £164,956 of stocks in SIG.

Aviva's share price now stands at 324.20, which is a slight rise on its position in the index at the start of the day's trading.

Learn about the sterling and forex trading at City Index.

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.