Aon PLC Target of Unusually High Options Trading (AON)

Aon PLC (NYSE:AON) saw some unusual options trading activity on Friday. Traders acquired 1,622 put options on the stock. This is an increase of Infinity compared to the typical volume of 0 put options.

Aon PLC (NYSE AON) opened at $143.54 on Wednesday. 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 12 month low of $109.18 and a 12 month high of $152.78. The stock has a market cap of $35,457.98, a price-to-earnings ratio of 21.02, a P/E/G ratio of 1.84 and a beta of 1.06.

Aon PLC (NYSE:AON) last posted its earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Aon PLC had a net margin of 16.78% and a return on equity of 32.71%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.29 EPS. research analysts anticipate that Aon PLC will post 6.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Tuesday, October 31st. Aon PLC’s payout ratio is 21.79%.

Several research firms have recently commented on AON. Citigroup Inc. boosted their price target on shares of Aon PLC from $155.00 to $159.00 and gave the company a “buy” rating in a report on Monday, August 7th. Royal Bank Of Canada restated a “hold” rating and issued a $143.00 price target on shares of Aon PLC in a report on Sunday, August 6th. Jefferies Group LLC restated a “buy” rating and issued a $162.00 price target (up previously from $146.00) on shares of Aon PLC in a report on Monday, July 24th. BidaskClub lowered shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $154.00 price objective on shares of Aon PLC in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $144.42.

In other news, CEO Michael J. O’connor sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total value of $1,450,000.00. Following the completion of the sale, the chief executive officer now owns 123,805 shares in the company, valued at approximately $17,951,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 30,000 shares of company stock valued at $4,285,200 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Foyston Gordon & Payne Inc grew its holdings in shares of Aon PLC by 26.9% during the third quarter. Foyston Gordon & Payne Inc now owns 190,602 shares of the financial services provider’s stock worth $27,847,000 after buying an additional 40,364 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Aon PLC by 9.8% in the third quarter. Janus Henderson Group PLC now owns 3,492,001 shares of the financial services provider’s stock valued at $510,175,000 after purchasing an additional 311,733 shares during the period. Jane Street Group LLC grew its holdings in shares of Aon PLC by 97.0% in the third quarter. Jane Street Group LLC now owns 7,002 shares of the financial services provider’s stock valued at $1,023,000 after purchasing an additional 3,448 shares during the period. Vident Investment Advisory LLC purchased a new stake in shares of Aon PLC in the third quarter valued at about $389,000. Finally, Capital Returns Management LLC purchased a new stake in shares of Aon PLC in the third quarter valued at about $6,867,000. 88.46% of the stock is owned by institutional investors and hedge funds.

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About Aon PLC

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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