John G. Bruno Sells 10,000 Shares of Aon PLC (AON) Stock
Aon PLC (NYSE:AON) EVP John G. Bruno sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $143.24, for a total transaction of $1,432,400.00. Following the transaction, the executive vice president now owns 10,471 shares of the company’s stock, valued at approximately $1,499,866.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Aon PLC (AON) opened at $143.54 on Wednesday. Aon PLC has a 12-month low of $109.18 and a 12-month high of $152.78. The company 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. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.35 and a quick ratio of 2.35.
Aon PLC (NYSE:AON) last released its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. Aon PLC had a net margin of 16.78% and a return on equity of 32.71%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. Aon PLC’s revenue for the quarter was up 6.3% on a year-over-year basis. equities analysts forecast that Aon PLC will post 6.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.36 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.44 annualized dividend and a yield of 1.00%. Aon PLC’s dividend payout ratio is currently 21.79%.
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Several brokerages have recently weighed in on AON. Royal Bank Of Canada restated a “hold” rating and set a $143.00 price objective on shares of Aon PLC in a research report on Wednesday, September 6th. Jefferies Group LLC boosted their price objective on shares of Aon PLC from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Wells Fargo & Company boosted their price objective on shares of Aon PLC from $138.00 to $143.00 and gave the stock a “market perform” rating in a research report on Monday, October 30th. Deutsche Bank AG boosted their price objective on shares of Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Aon PLC from a “hold” rating to a “buy” rating and set a $171.00 price objective for the company in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Aon PLC presently has a consensus rating of “Hold” and a consensus price target of $144.42.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Foyston Gordon & Payne Inc increased its stake in Aon PLC by 26.9% in the 3rd quarter. Foyston Gordon & Payne Inc now owns 190,602 shares of the financial services provider’s stock valued at $27,847,000 after buying an additional 40,364 shares during the period. Janus Henderson Group PLC increased its stake in Aon PLC by 9.8% in the 3rd quarter. Janus Henderson Group PLC now owns 3,492,001 shares of the financial services provider’s stock valued at $510,175,000 after buying an additional 311,733 shares during the period. Jane Street Group LLC increased its stake in Aon PLC by 97.0% in the 3rd quarter. Jane Street Group LLC now owns 7,002 shares of the financial services provider’s stock valued at $1,023,000 after buying an additional 3,448 shares during the period. Vident Investment Advisory LLC acquired a new position in Aon PLC in the 3rd quarter valued at $389,000. Finally, Capital Returns Management LLC acquired a new position in Aon PLC in the 3rd quarter valued at $6,867,000. 88.46% of the stock is currently owned by institutional investors.
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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