Lisa Stevens Sells 1,275 Shares of Aon plc (NYSE:AON) Stock

Aon plc (NYSE:AON) insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

AON Stock Performance

Shares of NYSE AON opened at $391.54 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a 50 day simple moving average of $366.76 and a two-hundred day simple moving average of $331.25. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33. The stock has a market cap of $84.68 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 2.46 and a beta of 0.91.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, November 1st. AON’s payout ratio is presently 22.78%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Anchor Investment Management LLC increased its position in shares of AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in shares of AON during the second quarter valued at approximately $31,000. First Personal Financial Services purchased a new stake in shares of AON during the third quarter worth approximately $37,000. RPg Family Wealth Advisory LLC acquired a new position in AON in the 3rd quarter valued at $42,000. Finally, Eastern Bank purchased a new position in AON in the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AON. BMO Capital Markets lifted their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Barclays raised their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price target on shares of AON in a research report on Monday, August 5th. Bank of America lifted their target price on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, Evercore ISI boosted their price target on AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.