John Zern Sells 17,680 Shares of Aon PLC (AON) Stock

Aon PLC (NYSE:AON) CEO John Zern sold 17,680 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $139.79, for a total transaction of $2,471,487.20. Following the transaction, the chief executive officer now owns 27,695 shares of the company’s stock, valued at approximately $3,871,484.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Aon PLC (AON) opened at $139.24 on Wednesday. The stock has a market cap of $34,900.00, a PE ratio of 21.07, a PEG ratio of 1.85 and a beta of 1.04. 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 PLC has a twelve month low of $109.82 and a twelve month high of $152.78.

AON (NYSE:AON) last released its earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.01. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.29 billion. AON had a net margin of 16.78% and a return on equity of 32.71%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $1.29 EPS. research analysts expect that Aon PLC will post 6.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 1.03%. AON’s dividend payout ratio (DPR) is presently 37.60%.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of AON from a “hold” rating to a “buy” rating and set a $171.00 price objective for the company in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $154.00 price objective on shares of AON in a research report on Monday, October 16th. Barclays increased their price objective on shares of AON from $135.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, October 16th. Jefferies Group reiterated a “buy” rating and set a $162.00 price objective on shares of AON in a research report on Friday, October 13th. Finally, ValuEngine lowered shares of AON from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $144.77.

Several institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in AON by 16.7% in the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after buying an additional 106 shares during the period. Valeo Financial Advisors LLC purchased a new position in AON in the 3rd quarter worth about $105,000. Fiduciary Trust Co. purchased a new position in AON in the 2nd quarter worth about $108,000. Magellan Asset Management Ltd increased its stake in AON by 110.2% in the 2nd quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock worth $113,000 after buying an additional 444 shares during the period. Finally, Fieldpoint Private Securities LLC purchased a new position in AON in the 3rd quarter worth about $121,000. Hedge funds and other institutional investors own 87.66% of the company’s stock.

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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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