Insider Selling: Aon plc (NYSE:AON) COO Sells 650 Shares of Stock

Aon plc (NYSE:AON) COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares in the company, valued at $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 is available at this link.

AON Stock Down 0.6 %

Shares of NYSE:AON opened at $385.51 on Wednesday. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The business has a fifty day moving average of $368.30 and a two-hundred day moving average of $332.88. The stock has a market cap of $83.37 billion, a P/E ratio of 32.53, a PEG ratio of 2.43 and a beta of 0.91.

AON Announces Dividend

The company also recently announced 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. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio (DPR) is presently 22.78%.

Institutional Trading of AON

Hedge funds have recently made changes to their positions in the company. Valley Wealth Managers Inc. lifted its holdings in AON by 3.3% in the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 28 shares during the last quarter. CVA Family Office LLC lifted its stake in shares of AON by 8.4% in the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 29 shares during the last quarter. Amplius Wealth Advisors LLC grew its holdings in shares of AON by 2.4% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 31 shares during the period. Intellectus Partners LLC raised its holdings in AON by 3.2% in the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after buying an additional 31 shares during the period. Finally, waypoint wealth counsel boosted its stake in AON by 3.6% during the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

AON has been the topic of several research analyst reports. Bank of America raised their price objective on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target on shares of AON from $385.00 to $415.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Wells Fargo & Company upgraded shares of AON from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $315.00 to $377.00 in a research report on Monday, October 28th. TD Cowen upped their price target on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $362.06.

About AON

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.