Mindy F. Simon Sells 650 Shares of Aon plc (NYSE:AON) Stock

Aon plc (NYSE:AON) COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

AON Stock Performance

NYSE AON traded down $3.83 on Monday, reaching $387.71. The stock had a trading volume of 852,353 shares, compared to its average volume of 1,165,808. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market cap of $83.85 billion, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 2.45 and a beta of 0.91. The business’s 50-day moving average price is $366.76 and its 200 day moving average price is $331.55. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, November 1st. AON’s payout ratio is currently 22.78%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Barclays lifted their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods boosted their price objective on AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. TD Cowen boosted their price target on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. BMO Capital Markets increased their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Finally, Evercore ISI boosted their target price on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $362.06.

Institutional Investors Weigh In On AON

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA grew its holdings in AON by 2.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after acquiring an additional 309,702 shares during the period. State Street Corp lifted its position in shares of AON by 0.4% during the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after acquiring an additional 32,417 shares during the period. Mawer Investment Management Ltd. grew its holdings in shares of AON by 1.2% in the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after acquiring an additional 52,099 shares during the period. Geode Capital Management LLC increased its stake in AON by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock valued at $1,489,690,000 after purchasing an additional 38,447 shares in the last quarter. Finally, Veritas Asset Management LLP raised its holdings in AON by 41.6% during the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock worth $1,041,623,000 after purchasing an additional 883,761 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

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.