AON (NYSE:AON) General Counsel Darren Zeidel Sells 1,950 Shares

Aon plc (NYSE:AON) General Counsel Darren Zeidel sold 1,950 shares of the business’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $372.05, for a total transaction of $725,497.50. Following the completion of the transaction, the general counsel directly owned 13,404 shares in the company, valued at $4,986,958.20. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Darren Zeidel also recently made the following trade(s):

• On Tuesday, July 7th, Darren Zeidel sold 600 shares of AON stock. The stock was sold at an average price of $360.00, for a total transaction of $216,000.00.

AON Stock Up 3.9%

Shares of NYSE:AON opened at $381.65 on Wednesday. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $382.34. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. The firm’s 50-day simple moving average is $338.54 and its 200-day simple moving average is $331.59. The company has a market cap of $81.51 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.92 and a beta of 0.71.

AON (NYSE:AON) last announced its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The firm had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter last year, the firm earned $5.67 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts predict that Aon plc will post 19.09 earnings per share for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 3rd. AON’s dividend payout ratio (DPR) is currently 18.00%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays increased their price objective on AON from $372.00 to $382.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Weiss Ratings restated a “hold (c)” rating on shares of AON in a research report on Friday, July 17th. Mizuho upped their price target on shares of AON from $389.00 to $426.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Piper Sandler cut shares of AON from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $355.00 to $377.00 in a research note on Wednesday, July 15th. Finally, Cantor Fitzgerald upped their target price on shares of AON from $416.00 to $445.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $404.56.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Watch Advisors INC purchased a new position in shares of AON during the third quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in AON in the 4th quarter valued at $27,000. Kemnay Advisory Services Inc. acquired a new position in AON in the fourth quarter valued at $29,000. Eagle Bay Advisors LLC purchased a new position in AON during the fourth quarter worth about $30,000. Finally, Strive Asset Management LLC acquired a new stake in AON in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.