Aon plc Class A Target of Unusually Large Options Trading (NYSE:AON)

Aon plc Class A (NYSE:AON) saw unusually large options trading activity on Monday. Stock investors bought 666 call options on the company. This is an increase of 865% compared to the average volume of 69 call options.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Aon plc Class A from a “hold” rating to a “buy” rating and set a $171.00 price objective for the company in a report on Wednesday, October 25th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $154.00 price objective on shares of Aon plc Class A in a report on Monday, October 16th. Barclays lifted their price objective on shares of Aon plc Class A from $135.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, October 16th. Jefferies Group restated a “buy” rating and issued a $162.00 price objective on shares of Aon plc Class A in a report on Friday, October 13th. Finally, ValuEngine cut shares of Aon plc Class A from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $144.69.

Aon plc Class A (NYSE AON) opened at $135.27 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.08. Aon plc Class A has a twelve month low of $109.82 and a twelve month high of $152.78. The company has a market cap of $34,150.00, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 1.43 and a beta of 1.04.

Aon plc Class A (NYSE:AON) last released its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. Aon plc Class A had a net margin of 16.78% and a return on equity of 32.71%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. Aon plc Class A’s revenue for the quarter was up 6.3% on a year-over-year basis. equities analysts forecast that Aon plc Class A will post 6.53 earnings per share for the current fiscal year.

In other Aon plc Class A news, CEO Eric Andersen sold 10,000 shares of Aon plc Class A stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $143.52, for a total transaction of $1,435,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John Zern sold 17,680 shares of Aon plc Class A stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $139.79, for a total transaction of $2,471,487.20. Following the sale, the chief executive officer now owns 27,695 shares of the company’s stock, valued at $3,871,484.05. The disclosure for this sale can be found here. Insiders have sold 41,680 shares of company stock worth $5,903,887 over the last ninety days. 0.90% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Aon plc Class A by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 17,812,319 shares of the financial services provider’s stock worth $2,368,149,000 after purchasing an additional 415,363 shares during the period. BlackRock Inc. raised its holdings in Aon plc Class A by 0.6% in the second quarter. BlackRock Inc. now owns 15,663,729 shares of the financial services provider’s stock valued at $2,082,493,000 after buying an additional 100,762 shares during the period. Longview Partners Guernsey LTD raised its holdings in Aon plc Class A by 4.5% in the third quarter. Longview Partners Guernsey LTD now owns 7,001,377 shares of the financial services provider’s stock valued at $1,022,901,000 after buying an additional 301,300 shares during the period. Mawer Investment Management Ltd. raised its holdings in Aon plc Class A by 0.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,169,376 shares of the financial services provider’s stock valued at $755,246,000 after buying an additional 38,212 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Aon plc Class A by 9.8% in the third quarter. Janus Henderson Group PLC now owns 3,492,001 shares of the financial services provider’s stock valued at $510,175,000 after buying an additional 311,733 shares during the period. Hedge funds and other institutional investors own 87.23% of the company’s stock.

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About Aon plc Class A

Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.

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