Aon PLC (NYSE:AON) CEO Caroline Grace sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $160.00, for a total value of $640,000.00. Following the transaction, the chief executive officer now directly owns 41,796 shares in the company, valued at $6,687,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Caroline Grace also recently made the following trade(s):
- On Wednesday, September 19th, Caroline Grace sold 4,000 shares of AON stock. The shares were sold at an average price of $155.00, for a total value of $620,000.00.
- On Thursday, September 6th, Caroline Grace sold 4,000 shares of AON stock. The shares were sold at an average price of $150.00, for a total value of $600,000.00.
Shares of NYSE AON traded down $0.29 during trading hours on Friday, hitting $164.54. The company’s stock had a trading volume of 911,284 shares, compared to its average volume of 1,094,599. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $39.27 billion, a PE ratio of 25.24, a PEG ratio of 1.70 and a beta of 0.85. Aon PLC has a 12 month low of $130.87 and a 12 month high of $165.43.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. AON’s payout ratio is presently 24.54%.
A number of research analysts have recently issued reports on AON shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $164.00 price objective on shares of AON in a research note on Sunday, July 29th. Credit Suisse Group started coverage on AON in a research note on Tuesday, August 7th. They set a “neutral” rating and a $154.00 price objective on the stock. Raymond James raised AON from an “underperform” rating to an “outperform” rating in a research note on Tuesday, September 25th. Citigroup raised their price objective on AON from $167.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, October 12th. Finally, Wells Fargo & Co set a $143.00 price objective on AON and gave the company a “hold” rating in a research note on Friday, October 26th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $157.29.
Several hedge funds and other institutional investors have recently bought and sold shares of AON. Townsend & Associates Inc bought a new stake in shares of AON in the second quarter worth about $106,000. Pinebridge Investments L.P. bought a new stake in AON during the 2nd quarter valued at approximately $132,000. Synovus Financial Corp boosted its position in AON by 110.4% during the 3rd quarter. Synovus Financial Corp now owns 852 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 447 shares in the last quarter. Shine Investment Advisory Services Inc. boosted its position in AON by 1,468.2% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,035 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 969 shares in the last quarter. Finally, TRUE Private Wealth Advisors bought a new stake in AON during the 3rd quarter valued at approximately $163,000. 84.13% of the stock is currently owned by institutional investors.
AON Company Profile
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
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