Aon plc (NYSE:AON) General Counsel Darren Zeidel Sells 111 Shares

Aon plc (NYSE:AONGet Rating) General Counsel Darren Zeidel sold 111 shares of AON stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $290.00, for a total value of $32,190.00. Following the completion of the sale, the general counsel now directly owns 15,129 shares in the company, valued at $4,387,410. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

AON Stock Down 3.7 %

Shares of NYSE AON opened at $280.34 on Tuesday. The firm has a market capitalization of $59.54 billion, a price-to-earnings ratio of 40.22 and a beta of 0.90. Aon plc has a 52-week low of $246.21 and a 52-week high of $341.98. The company has a debt-to-equity ratio of 12.27, a quick ratio of 2.01 and a current ratio of 1.88. The stock has a 50 day moving average price of $270.25 and a 200 day moving average price of $287.48.

AON (NYSE:AONGet Rating) last issued its quarterly earnings data on Friday, July 29th. The financial services provider reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.06. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3.01 billion. AON had a net margin of 11.96% and a return on equity of 204.19%. AON’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.29 earnings per share. Sell-side analysts expect that Aon plc will post 13.16 earnings per share for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Monday, August 1st will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Friday, July 29th. AON’s payout ratio is presently 32.14%.

Analyst Ratings Changes

Several research analysts recently commented on AON shares. Morgan Stanley lowered AON from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $320.00 to $250.00 in a research report on Friday, June 3rd. The Goldman Sachs Group assumed coverage on AON in a research report on Tuesday, July 12th. They issued a “neutral” rating and a $301.00 price target for the company. Jefferies Financial Group dropped their target price on AON from $316.00 to $296.00 and set a “hold” rating for the company in a research report on Tuesday, July 12th. Finally, Wells Fargo & Company dropped their target price on AON from $321.00 to $310.00 in a research report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, AON presently has a consensus rating of “Hold” and an average target price of $302.64.

Hedge Funds Weigh In On AON

A number of large investors have recently made changes to their positions in the business. First National Bank of Hutchinson increased its position in shares of AON by 3.1% during the fourth quarter. First National Bank of Hutchinson now owns 1,175 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 35 shares in the last quarter. McLean Asset Management Corp increased its position in shares of AON by 4.4% during the first quarter. McLean Asset Management Corp now owns 847 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 36 shares in the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of AON by 18.5% during the second quarter. GPS Wealth Strategies Group LLC now owns 237 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 37 shares in the last quarter. Csenge Advisory Group increased its position in shares of AON by 1.5% during the fourth quarter. Csenge Advisory Group now owns 2,573 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 39 shares in the last quarter. Finally, Mission Wealth Management LP grew its holdings in shares of AON by 1.0% during the second quarter. Mission Wealth Management LP now owns 3,761 shares of the financial services provider’s stock valued at $1,014,000 after buying an additional 39 shares during the last quarter. 85.01% of the stock is owned by institutional investors and hedge funds.

AON Company Profile

(Get Rating)

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.

Further Reading

Insider Buying and Selling by Quarter for AON (NYSE:AON)

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