Caroline Grace Sells 4,000 Shares of Aon PLC (AON) Stock

Aon PLC (NYSE:AON) CEO Caroline Grace sold 4,000 shares of AON stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $160.00, for a total transaction of $640,000.00. Following the transaction, the chief executive officer now owns 41,796 shares of the company’s stock, valued at $6,687,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Caroline Grace also recently made the following trade(s):

  • On Wednesday, September 19th, Caroline Grace sold 4,000 shares of AON stock. The shares were sold at an average price of $155.00, for a total transaction of $620,000.00.
  • On Thursday, September 6th, Caroline Grace sold 4,000 shares of AON stock. The shares were sold at an average price of $150.00, for a total transaction of $600,000.00.

NYSE AON traded down $0.29 during mid-day trading on Friday, reaching $164.54. The stock had a trading volume of 911,284 shares, compared to its average volume of 1,094,599. Aon PLC has a 1 year low of $130.87 and a 1 year high of $165.43. The firm has a market cap of $39.27 billion, a P/E ratio of 25.24, a PEG ratio of 1.70 and a beta of 0.85. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.31.

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First Mercantile Trust Co. raised its holdings in AON by 18.8% in the 3rd quarter. First Mercantile Trust Co. now owns 1,984 shares of the financial services provider’s stock worth $305,000 after acquiring an additional 314 shares during the last quarter. Trust Co. of Vermont raised its holdings in AON by 11.2% in the 3rd quarter. Trust Co. of Vermont now owns 3,681 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 371 shares during the last quarter. Global X Management Co LLC raised its holdings in AON by 11.1% in the 2nd quarter. Global X Management Co LLC now owns 3,835 shares of the financial services provider’s stock worth $526,000 after acquiring an additional 383 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in AON by 0.9% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 42,278 shares of the financial services provider’s stock worth $5,800,000 after acquiring an additional 390 shares during the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co raised its holdings in AON by 50.0% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 84.13% of the company’s stock.

AON has been the subject of several recent research reports. Credit Suisse Group set a $162.00 target price on shares of AON and gave the company a “hold” rating in a report on Tuesday, October 30th. Citigroup lifted their target price on shares of AON from $167.00 to $180.00 and gave the company a “buy” rating in a report on Friday, October 12th. Wells Fargo & Co set a $143.00 target price on shares of AON and gave the company a “hold” rating in a report on Friday, October 26th. Sandler O’Neill upgraded shares of AON from a “hold” rating to a “buy” rating in a report on Monday, October 29th. 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 issued a buy rating to the company. AON currently has a consensus rating of “Hold” and a consensus price target of $157.29.

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AON Company Profile

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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