Investors Sell Shares of AON (AON) on Strength (AON)

Investors sold shares of Aon PLC (NYSE:AON) on strength during trading on Thursday. $35.00 million flowed into the stock on the tick-up and $65.24 million flowed out of the stock on the tick-down, for a money net flow of $30.24 million out of the stock. Of all equities tracked, AON had the 29th highest net out-flow for the day. AON traded up $1.78 for the day and closed at $164.83

Several equities analysts recently weighed in on the stock. Sandler O’Neill upgraded shares of AON from a “hold” rating to a “buy” rating in a report on Monday, October 29th. Wells Fargo & Co set a $143.00 price objective on shares of AON and gave the company a “hold” rating in a report on Friday, October 26th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $164.00 price objective on shares of AON in a report on Sunday, July 29th. Credit Suisse Group assumed coverage on shares of AON in a report on Tuesday, August 7th. They issued a “neutral” rating and a $154.00 price objective on the stock. Finally, Raymond James upgraded shares of AON from an “underperform” rating to an “outperform” rating in a report on Tuesday, September 25th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. AON has an average rating of “Hold” and an average target price of $157.29.

The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.31. The company has a market cap of $38.44 billion, a P/E ratio of 25.28, a P/E/G ratio of 1.66 and a beta of 0.85.

AON (NYSE:AON) last issued its earnings results on Friday, October 26th. The financial services provider reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.09. AON had a net margin of 7.06% and a return on equity of 43.96%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. The business’s quarterly revenue was up .4% on a year-over-year basis. As a group, equities analysts predict that Aon PLC will post 8.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, October 31st. AON’s payout ratio is presently 24.54%.

In other AON news, CEO Caroline Grace sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $150.00, for a total value of $600,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Neller sold 750 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $143.58, for a total transaction of $107,685.00. Following the completion of the sale, the insider now directly owns 787 shares of the company’s stock, valued at approximately $112,997.46. The disclosure for this sale can be found here. Insiders sold 8,750 shares of company stock valued at $1,327,685 in the last ninety days. Insiders own 0.42% of the company’s stock.

Large investors have recently modified their holdings of the business. Townsend & Associates Inc bought a new stake in shares of AON during the second quarter worth $106,000. Pinebridge Investments L.P. bought a new stake in shares of AON during the second quarter worth $132,000. Synovus Financial Corp increased its position in shares of AON by 110.4% during the third quarter. Synovus Financial Corp now owns 852 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 447 shares in the last quarter. Shine Investment Advisory Services Inc. increased its position in shares of AON by 1,468.2% during the second quarter. Shine Investment Advisory Services Inc. now owns 1,035 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 969 shares in the last quarter. Finally, TRUE Private Wealth Advisors bought a new stake in shares of AON during the third quarter worth $163,000. 84.13% of the stock is owned by hedge funds and other institutional investors.

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About AON (NYSE:AON)

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.

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