Key Points
- General Counsel Darren Zeidel sold 5,040 AON shares on Feb. 17 at an average price of $325.79 for about $1.64M, trimming his stake by 19.93% to 20,254 shares (≈$6.6M), according to an SEC filing.
- Aon reported quarterly EPS of $4.85, beating estimates by $0.10, while revenue of $4.30B slightly missed expectations; the company posted a 45.23% ROE and a 21.51% net margin.
- The firm paid a $0.745 quarterly dividend (annualized $2.98, 0.9% yield) and carries an analyst consensus of "Moderate Buy" with an average target price of $409.75.
Aon plc (NYSE:AON - Get Free Report) General Counsel Darren Zeidel sold 5,040 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $325.79, for a total value of $1,641,981.60. Following the completion of the sale, the general counsel owned 20,254 shares of the company's stock, valued at $6,598,550.66. The trade was a 19.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
AON Trading Up 0.6%
Shares of AON stock traded up $2.04 during mid-day trading on Friday, reaching $326.34. The stock had a trading volume of 141,207 shares, compared to its average volume of 1,489,841. The firm has a market capitalization of $69.92 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 1.65 and a beta of 0.83. The stock's 50-day moving average price is $342.56 and its two-hundred day moving average price is $350.95. The company has a current ratio of 2.03, a quick ratio of 1.35 and a debt-to-equity ratio of 1.55. Aon plc has a 52-week low of $304.59 and a 52-week high of $412.97.
AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 EPS for the quarter, topping analysts' consensus estimates of $4.75 by $0.10. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.38 billion. AON had a return on equity of 45.23% and a net margin of 21.51%.The firm's revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.42 earnings per share. Equities analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.
AON Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, February 2nd. AON's payout ratio is currently 17.51%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on AON shares. UBS Group reiterated a "neutral" rating and set a $385.00 price objective on shares of AON in a research note on Monday, February 2nd. Barclays raised their price target on AON from $379.00 to $381.00 and gave the company an "equal weight" rating in a report on Thursday, January 8th. Wells Fargo & Company dropped their price target on shares of AON from $448.00 to $443.00 and set an "overweight" rating on the stock in a research note on Sunday, February 1st. TD Cowen reduced their price objective on shares of AON from $419.00 to $416.00 and set a "buy" rating for the company in a research note on Monday, November 3rd. Finally, Keefe, Bruyette & Woods upped their target price on shares of AON from $410.00 to $416.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 6th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $409.75.
View Our Latest Analysis on AON
Hedge Funds Weigh In On AON
A number of hedge funds have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. lifted its stake in AON by 111.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,969 shares of the financial services provider's stock valued at $2,813,000 after acquiring an additional 4,201 shares during the period. Invesco Ltd. raised its holdings in shares of AON by 6.9% during the fourth quarter. Invesco Ltd. now owns 1,336,129 shares of the financial services provider's stock valued at $471,493,000 after purchasing an additional 86,717 shares during the last quarter. Corient Private Wealth LLC lifted its position in AON by 31.7% during the fourth quarter. Corient Private Wealth LLC now owns 95,394 shares of the financial services provider's stock valued at $33,663,000 after purchasing an additional 22,950 shares during the period. CrossGen Wealth LLC purchased a new stake in AON in the fourth quarter worth approximately $224,000. Finally, Mercer Global Advisors Inc. ADV grew its position in AON by 29.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,870 shares of the financial services provider's stock worth $5,953,000 after purchasing an additional 3,847 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.
About AON
(
Get Free Report)
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.
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