AON (NYSE:AON) General Counsel Darren Zeidel Sells 600 Shares

Aon plc (NYSE:AON) General Counsel Darren Zeidel sold 600 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $360.00, for a total value of $216,000.00. Following the completion of the transaction, the general counsel directly owned 15,354 shares in the company, valued at approximately $5,527,440. This represents a 3.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

AON Price Performance

NYSE AON opened at $355.20 on Friday. 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 has a market capitalization of $75.86 billion, a P/E ratio of 19.50, a PEG ratio of 1.88 and a beta of 0.71. The company has a 50-day moving average price of $326.39 and a 200-day moving average price of $330.77. Aon plc has a 52 week low of $304.59 and a 52 week high of $381.00.

AON (NYSE:AON) last announced its earnings results 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. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $5.67 earnings per share. Equities research analysts anticipate that Aon plc will post 19.09 earnings per share for the current year.

Hedge Funds Weigh In On AON

Institutional investors have recently bought and sold shares of the stock. Dodge & Cox boosted its holdings in shares of AON by 126.6% during the 4th quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock valued at $2,770,975,000 after purchasing an additional 4,387,773 shares during the last quarter. Norges Bank purchased a new stake in shares of AON in the fourth quarter worth about $1,155,981,000. Viking Global Investors LP purchased a new stake in AON during the third quarter valued at $504,424,000. Balyasny Asset Management L.P. lifted its position in AON by 40,219.8% during the third quarter. Balyasny Asset Management L.P. now owns 846,715 shares of the financial services provider’s stock valued at $301,922,000 after purchasing an additional 844,615 shares during the last quarter. Finally, Southpoint Capital Advisors LP purchased a new position in shares of AON in the 4th quarter worth $229,372,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about AON

Here are the key news stories impacting AON this week:

• Positive Sentiment: Mizuho raised its price target on Aon to $426 from $389 and reiterated an outperform rating, signaling confidence in further upside for the stock. Mizuho raises Aon price target
• Positive Sentiment: Wells Fargo kept an overweight rating and nudged its target to $406 from $409, indicating analysts still see meaningful upside despite the small cut. Wells Fargo adjusts Aon target
• Positive Sentiment: Keefe, Bruyette & Woods also maintained an outperform rating, trimming its target only slightly to $400 from $404, which suggests the broader analyst view remains constructive. KBW adjusts Aon target
• Neutral Sentiment: Aon announced leadership changes in its specialty risk and reinsurance businesses, including new appointments and a revised UK and Ireland reinsurance structure, which may support longer-term execution but is not likely to move the stock immediately. Aon appoints Bob Reville and Eric Foster
• Negative Sentiment: Aon General Counsel Darren Zeidel sold 600 shares at $360 each, a routine insider transaction that can still be read as a mild negative signal by investors. SEC insider filing for Darren Zeidel sale

Analyst Upgrades and Downgrades

A number of analysts have commented on AON shares. TD Cowen restated a “buy” rating on shares of AON in a research report on Monday, March 16th. Cantor Fitzgerald raised their target price on shares of AON from $416.00 to $445.00 and gave the stock an “overweight” rating in a research note on Thursday. Piper Sandler dropped their price target on shares of AON from $360.00 to $355.00 and set an “overweight” rating for the company in a research report on Monday, June 15th. Keefe, Bruyette & Woods lowered their target price on shares of AON from $404.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Barclays increased their price target on AON from $372.00 to $382.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AON currently has a consensus rating of “Moderate Buy” and an average target price of $402.19.

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.