Insider Selling: Aon plc Class A (NYSE:AON) CEO Sells 12,824 Shares of Stock

Aon plc Class A (NYSE:AON) CEO Michael J. O’connor sold 12,824 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $145.00, for a total value of $1,859,480.00. Following the sale, the chief executive officer now owns 126,629 shares in the company, valued at approximately $18,361,205. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Aon plc Class A (NYSE AON) traded up $0.28 on Thursday, hitting $140.25. The stock had a trading volume of 365,179 shares, compared to its average volume of 1,404,929. Aon plc Class A has a fifty-two week low of $114.92 and a fifty-two week high of $152.78. The stock has a market cap of $34,793.25, a P/E ratio of 30.04, a P/E/G ratio of 1.48 and a beta of 1.05. The company has a current ratio of 1.66, a quick ratio of 2.35 and a debt-to-equity ratio of 1.22.

Aon plc Class A (NYSE:AON) last released its quarterly earnings results on Friday, February 2nd. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.01. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.84 billion. Aon plc Class A had a return on equity of 32.41% and a net margin of 12.26%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.56 EPS. analysts forecast that Aon plc Class A will post 7.98 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $1.44 dividend on an annualized basis and a yield of 1.03%. Aon plc Class A’s dividend payout ratio is presently 30.84%.

Several brokerages have weighed in on AON. Citigroup upped their price target on Aon plc Class A from $157.00 to $162.00 and gave the stock a “buy” rating in a report on Friday, February 9th. TheStreet downgraded Aon plc Class A from a “b-” rating to a “c” rating in a report on Friday, February 2nd. Wells Fargo & Co restated a “hold” rating and set a $143.00 price target on shares of Aon plc Class A in a report on Friday, February 2nd. Zacks Investment Research downgraded Aon plc Class A from a “hold” rating to a “strong sell” rating in a report on Thursday, January 18th. Finally, William Blair downgraded Aon plc Class A from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. Aon plc Class A has a consensus rating of “Hold” and an average price target of $144.92.

A number of large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors purchased a new position in Aon plc Class A during the 4th quarter worth approximately $240,000. Kings Point Capital Management grew its stake in Aon plc Class A by 4.6% during the 4th quarter. Kings Point Capital Management now owns 35,535 shares of the financial services provider’s stock worth $4,762,000 after buying an additional 1,577 shares during the last quarter. Pinebridge Investments L.P. grew its stake in Aon plc Class A by 6,643.5% during the 4th quarter. Pinebridge Investments L.P. now owns 9,913 shares of the financial services provider’s stock worth $1,328,000 after buying an additional 9,766 shares during the last quarter. Boston Common Asset Management LLC grew its stake in Aon plc Class A by 2.0% during the 4th quarter. Boston Common Asset Management LLC now owns 30,559 shares of the financial services provider’s stock worth $4,095,000 after buying an additional 593 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Aon plc Class A by 105.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,170 shares of the financial services provider’s stock worth $157,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 87.52% of the company’s stock.

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Aon plc Class A 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.

Insider Buying and Selling by Quarter for Aon plc Class A (NYSE:AON)

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