Aon plc (NYSE:AON) Insider Sells $494,292.00 in Stock

Aon plc (NYSE:AON) insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the sale, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

AON Price Performance

AON stock opened at $391.54 on Monday. The firm has a market capitalization of $84.68 billion, a P/E ratio of 33.04, a PEG ratio of 2.45 and a beta of 0.91. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The business has a 50-day moving average of $366.76 and a 200-day moving average of $331.55. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio (DPR) is presently 22.78%.

Analyst Ratings Changes

A number of analysts have recently weighed in on AON shares. Deutsche Bank Aktiengesellschaft raised their target price on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. TD Cowen raised their target price on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Keefe, Bruyette & Woods raised their target price on AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Bank of America raised their target price on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, Evercore ISI lifted their price objective on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $362.06.

Hedge Funds Weigh In On AON

Institutional investors have recently modified their holdings of the business. Y.D. More Investments Ltd bought a new position in shares of AON during the 2nd quarter valued at about $31,000. Anchor Investment Management LLC lifted its holdings in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares in the last quarter. First Personal Financial Services bought a new position in shares of AON during the 3rd quarter valued at about $37,000. RPg Family Wealth Advisory LLC bought a new position in shares of AON during the 3rd quarter valued at about $42,000. Finally, Eastern Bank bought a new stake in AON in the 3rd quarter valued at approximately $43,000. Institutional investors own 86.14% of the company’s stock.

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.