Traders Sell AON (AON) on Strength (AON)
Investors sold shares of Aon PLC (NYSE:AON) on strength during trading hours 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 stocks tracked, AON had the 0th highest net out-flow for the day. AON traded up $1.78 for the day and closed at $164.83
A number of brokerages recently issued reports on AON. Credit Suisse Group set a $162.00 price objective on shares of AON and gave the company a “hold” rating in a report on Tuesday, October 30th. Wells Fargo & Co increased their target price on shares of AON from $143.00 to $150.00 and gave the stock a “market perform” rating in a research note on Monday, October 29th. Sandler O’Neill raised shares of AON from a “hold” rating to a “buy” rating in a research note on Monday, October 29th. Citigroup increased their target price on shares of AON from $167.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, October 12th. Finally, Raymond James raised shares of AON from an “underperform” rating to an “outperform” rating in a research note on Tuesday, September 25th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target 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 capitalization of $39.27 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 1.70 and a beta of 0.85.
The business 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 dividend of $0.40 per share. 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 dividend payout ratio (DPR) is presently 24.54%.
In other news, CEO Caroline Grace sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $155.00, for a total value of $620,000.00. Following the completion of the transaction, the chief executive officer now owns 45,796 shares of the company’s stock, valued at $7,098,380. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Neller sold 750 shares of the firm’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 transaction, 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. In the last ninety days, insiders have sold 12,750 shares of company stock valued at $1,967,685. 0.42% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its stake in shares of AON by 1.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 88,980 shares of the financial services provider’s stock valued at $12,995,000 after purchasing an additional 1,284 shares during the period. CIBC World Markets Inc. boosted its stake in shares of AON by 473.3% in the third quarter. CIBC World Markets Inc. now owns 8,725 shares of the financial services provider’s stock valued at $1,342,000 after purchasing an additional 7,203 shares during the period. FMR LLC boosted its stake in shares of AON by 14.7% in the third quarter. FMR LLC now owns 571,123 shares of the financial services provider’s stock valued at $87,828,000 after purchasing an additional 73,235 shares during the period. American International Group Inc. boosted its stake in shares of AON by 5.6% in the third quarter. American International Group Inc. now owns 88,677 shares of the financial services provider’s stock valued at $13,637,000 after purchasing an additional 4,692 shares during the period. Finally, Iridian Asset Management LLC CT boosted its stake in shares of AON by 13,414.7% in the third quarter. Iridian Asset Management LLC CT now owns 1,527,156 shares of the financial services provider’s stock valued at $234,846,000 after purchasing an additional 1,515,856 shares during the period. 84.13% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Traders Sell AON (AON) on Strength (AON)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2018/11/10/traders-sell-aon-aon-on-strength-aon.html.
AON Company Profile (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.
Featured Article: Day Trading
Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.