Aon PLC (AON) CEO Michael J. O’connor Sells 10,000 Shares
Aon PLC (NYSE:AON) CEO Michael J. O’connor sold 10,000 shares of Aon PLC stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the completion of the transaction, the chief executive officer now directly owns 123,805 shares in the company, valued at $17,367,365.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Aon PLC (NYSE AON) traded up 2.91% during mid-day trading on Friday, reaching $142.64. 1,630,923 shares of the company’s stock were exchanged. Aon PLC has a 52-week low of $107.19 and a 52-week high of $143.13. The company has a market cap of $36.28 billion, a PE ratio of 20.84 and a beta of 1.02. The stock has a 50-day moving average price of $138.74 and a 200 day moving average price of $128.39.
Aon PLC (NYSE:AON) last issued its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, hitting the consensus estimate of $1.45. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $1.39 EPS. Equities analysts predict that Aon PLC will post $6.50 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.01%. Aon PLC’s dividend payout ratio is currently 20.48%.
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A number of research analysts recently commented on AON shares. BidaskClub downgraded shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Credit Suisse Group set a $133.00 price objective on shares of Aon PLC and gave the company a “sell” rating in a research report on Thursday, June 22nd. Barclays PLC boosted their price objective on shares of Aon PLC from $115.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, July 3rd. Zacks Investment Research downgraded shares of Aon PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $138.00 price objective (up from $130.00) on shares of Aon PLC in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $139.00.
Several institutional investors and hedge funds have recently modified their holdings of AON. Parallel Advisors LLC grew its stake in shares of Aon PLC by 16.7% during the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 106 shares in the last quarter. FNY Partners Fund LP bought a new position in shares of Aon PLC during the 1st quarter worth approximately $106,000. Fiduciary Trust Co. bought a new position in shares of Aon PLC during the 2nd quarter worth approximately $108,000. Magellan Asset Management Ltd grew its stake in shares of Aon PLC by 110.2% during the 2nd quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 444 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. bought a new position in shares of Aon PLC during the 2nd quarter worth approximately $126,000. 84.32% of the stock is owned by institutional investors.
Aon PLC Company Profile
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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