John Zern Sells 17,680 Shares of Aon PLC (AON) Stock
Aon PLC (NYSE:AON) CEO John Zern sold 17,680 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $139.79, for a total value of $2,471,487.20. Following the completion of the transaction, the chief executive officer now directly owns 27,695 shares of the company’s stock, valued at approximately $3,871,484.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Aon PLC (NYSE:AON) traded down $2.57 during midday trading on Monday, reaching $139.67. The company had a trading volume of 1,501,346 shares, compared to its average volume of 1,088,606. The firm has a market cap of $35,545.45, a PE ratio of 21.07, a price-to-earnings-growth ratio of 1.85 and a beta of 1.04. Aon PLC has a 12 month low of $109.82 and a 12 month high of $152.78. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.08.
AON (NYSE:AON) last released its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.29 billion. AON had a return on equity of 32.71% and a net margin of 16.78%. AON’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS. equities analysts anticipate that Aon PLC will post 6.53 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the business. Fieldpoint Private Securities LLC acquired a new position in shares of AON during the third quarter valued at approximately $121,000. Piedmont Investment Advisors LLC raised its holdings in shares of AON by 0.9% during the third quarter. Piedmont Investment Advisors LLC now owns 56,151 shares of the financial services provider’s stock valued at $8,204,000 after acquiring an additional 495 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of AON by 5.0% during the third quarter. California Public Employees Retirement System now owns 700,844 shares of the financial services provider’s stock valued at $102,393,000 after acquiring an additional 33,364 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of AON during the third quarter valued at approximately $496,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of AON during the third quarter valued at approximately $105,000. 87.66% of the stock is owned by institutional investors and hedge funds.
AON has been the subject of several analyst reports. Royal Bank Of Canada reissued a “hold” rating and issued a $143.00 price objective on shares of AON in a report on Sunday, August 6th. Citigroup boosted their price objective on AON from $155.00 to $159.00 and gave the company a “buy” rating in a report on Monday, August 7th. Deutsche Bank upped their price target on AON from $113.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. BidaskClub raised AON from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Finally, ValuEngine raised AON from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. AON presently has a consensus rating of “Hold” and a consensus target price of $144.77.
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AON 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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