Eric Andersen Sells 5,000 Shares of Aon PLC (AON) Stock

Aon PLC (NYSE:AON) insider Eric Andersen sold 5,000 shares of AON stock in a transaction on Friday, May 24th. The stock was sold at an average price of $142.39, for a total value of $711,950.00. Following the sale, the insider now owns 67,320 shares in the company, valued at $9,585,694.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of AON opened at $172.80 on Thursday. The firm has a market capitalization of $41.58 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 1.59 and a beta of 0.93. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.41 and a current ratio of 1.64. Aon PLC has a 1 year low of $134.82 and a 1 year high of $173.53.

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AON (NYSE:AON) last issued its earnings results on Friday, February 1st. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.13 by $0.03. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.82 billion. AON had a return on equity of 43.49% and a net margin of 10.53%. The business’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.35 earnings per share. Research analysts anticipate that Aon PLC will post 9.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, February 1st were paid a $0.40 dividend. The ex-dividend date was Thursday, January 31st. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. AON’s payout ratio is presently 19.61%.

Institutional investors and hedge funds have recently modified their holdings of the business. Altshuler Shaham Ltd purchased a new position in AON during the fourth quarter worth about $25,000. Berman Capital Advisors LLC purchased a new position in AON during the fourth quarter worth about $25,000. Oregon Public Employees Retirement Fund grew its position in AON by 14,228.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock worth $26,000 after buying an additional 3,813,464 shares in the last quarter. Sontag Advisory LLC purchased a new position in AON during the fourth quarter worth about $31,000. Finally, YorkBridge Wealth Partners LLC grew its position in AON by 1,875.0% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 316 shares of the financial services provider’s stock worth $46,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 86.24% of the company’s stock.

A number of brokerages recently commented on AON. Wells Fargo & Co lifted their price target on AON from $165.00 to $150.00 and gave the stock a “market perform” rating in a report on Tuesday, November 13th. Zacks Investment Research upgraded AON from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a report on Monday, December 31st. Barclays lifted their price target on AON from $138.00 to $153.00 and gave the stock an “equal weight” rating in a report on Monday, November 12th. Sandler O’Neill upgraded AON from a “hold” rating to a “buy” rating in a report on Monday, October 29th. Finally, Goldman Sachs Group lowered AON from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $171.00 to $163.00 in a report on Tuesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. AON currently has a consensus rating of “Hold” and an average price target of $169.10.

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About 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.

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