Aon plc (NYSE:AON) Insider Sells $494,292.00 in Stock

Aon plc (NYSE:AON) insider Lisa Stevens sold 1,275 shares of AON stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the transaction, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

AON Stock Performance

Shares of AON traded down $1.62 during trading hours on Friday, hitting $391.69. The stock had a trading volume of 463,003 shares, compared to its average volume of 1,168,249. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a 50-day moving average price of $366.76 and a 200 day moving average price of $330.95. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The firm has a market capitalization of $84.71 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 2.46 and a beta of 0.91.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio is currently 22.78%.

Institutional Investors Weigh In On AON

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd purchased a new stake in shares of AON during the second quarter worth $31,000. Anchor Investment Management LLC grew its holdings in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares in the last quarter. First Personal Financial Services purchased a new stake in shares of AON during the third quarter worth $37,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of AON during the third quarter worth $42,000. Finally, Eastern Bank purchased a new stake in shares of AON during the third quarter worth $43,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $335.00 target price on shares of AON in a research report on Monday, August 5th. Jefferies Financial Group boosted their target price on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Finally, TD Cowen boosted their target price on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.