Michael J. O’connor Sells 10,000 Shares of Aon PLC (AON) Stock
Aon PLC (NYSE:AON) CEO Michael J. O’connor sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the sale, the chief executive officer now owns 123,805 shares in the company, valued at $17,951,725. The sale was disclosed in a filing with the SEC, which is available at this link.
Aon PLC (NYSE AON) opened at 146.02 on Friday. The company has a market capitalization of $37.14 billion, a P/E ratio of 21.33 and a beta of 1.02. Aon PLC has a one year low of $107.19 and a one year high of $146.16. The company’s 50-day moving average is $139.76 and its 200 day moving average is $130.04.
Aon PLC (NYSE:AON) last issued its earnings results on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, hitting analysts’ consensus estimates of $1.45. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the firm earned $1.39 earnings per share. Aon PLC’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Aon PLC will post $6.50 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of AON. Janus Henderson Group PLC raised its stake in Aon PLC by 1,108.1% during the second quarter. Janus Henderson Group PLC now owns 3,180,268 shares of the financial services provider’s stock worth $422,814,000 after purchasing an additional 2,917,018 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Aon PLC by 2,385.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,224,194 shares of the financial services provider’s stock valued at $162,757,000 after acquiring an additional 1,174,940 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Aon PLC by 2.4% during the second quarter. Vanguard Group Inc. now owns 17,812,319 shares of the financial services provider’s stock valued at $2,368,149,000 after acquiring an additional 415,363 shares during the last quarter. Egerton Capital UK LLP acquired a new stake in shares of Aon PLC during the second quarter valued at about $45,094,000. Finally, New York State Common Retirement Fund increased its position in shares of Aon PLC by 16.1% during the second quarter. New York State Common Retirement Fund now owns 1,143,276 shares of the financial services provider’s stock valued at $151,999,000 after acquiring an additional 158,175 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on the stock. Royal Bank Of Canada restated a “hold” rating and set a $143.00 target price on shares of Aon PLC in a research report on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating on shares of Aon PLC in a research report on Tuesday, September 5th. ValuEngine upgraded shares of Aon PLC from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Finally, Deutsche Bank AG upped their target price on shares of Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Aon PLC currently has a consensus rating of “Hold” and a consensus target price of $139.00.
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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