Mindy F. Simon Sells 650 Shares of Aon plc (NYSE:AON) Stock

Aon plc (NYSE:AON) COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

AON Trading Down 0.6 %

AON stock opened at $385.51 on Wednesday. Aon plc has a one year low of $268.06 and a one year high of $395.33. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market cap of $83.37 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91. The stock has a 50-day moving average of $368.30 and a two-hundred day moving average of $332.88.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. AON’s payout ratio is 22.78%.

Institutional Investors Weigh In On AON

Institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its position in AON by 2.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after acquiring an additional 309,702 shares during the period. State Street Corp lifted its holdings in shares of AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after buying an additional 32,417 shares during the period. Mawer Investment Management Ltd. boosted its stake in shares of AON by 1.2% in the second quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after buying an additional 52,099 shares during the last quarter. Geode Capital Management LLC raised its position in AON by 0.9% during the third quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after acquiring an additional 38,447 shares in the last quarter. Finally, Veritas Asset Management LLP lifted its holdings in AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after acquiring an additional 883,761 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AON. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $315.00 to $377.00 in a report on Monday, October 28th. Bank of America increased their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. BMO Capital Markets upped their price objective on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Finally, Evercore ISI increased their price objective on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $362.06.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.