Aon plc [AON] Director makes an insider purchase of 400 shares worth 0.12 million.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Aon plc shares valued at $116,688 were purchased by Spruell Byron on Aug 23. At $291.72 per share, Spruell Byron acquired 400 shares. The insider’s holdings grew to 2,743 shares worth approximately $0.75 million following the completion of this transaction.


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Also, Zeidel Darren sold 111 shares, netting a total of over 32,190 in proceeds. Following the sale of shares at $290.00 each, the insider now holds 15,129 shares.

Before that, KNIGHT LESTER B had added 14,000 shares to its account. In a trade valued at $4,012,124, the Director bought Aon plc shares for $286.58 each. Upon closing the transaction, the insider’s holdings increased to 14,000 shares, worth approximately $29.67 million.

Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid July. As of June 03, 2022, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for AON. Earlier on January 06, 2022, Evercore ISI downgraded its rating. Their new recommendation was “an Underperform” for AON stock which previously was a “an In-line”.

Analyzing AON’s Price Performance

On Thursday, Aon plc [NYSE: AON] plunged -0.28% to $272.22. The stock’s lowest price that day was $268.10, but it reached a high of $273.925 in the same session. During the last five days, there has been a drop of approximately -2.82%. Over the course of the year, Aon plc shares have dropped approximately -9.43%. Shares of the company reached a 52-week high of $341.98 on 04/21/22 and a 52-week low of $246.21 on 06/16/22. A 50-day SMA is recorded $285.41, while a 200-day SMA reached $288.23. Nevertheless, trading volume fell to 1.05 million shares from 0.86 million shares the previous day.

Support And Resistance Levels for Aon plc (AON)

According to the 24-hour chart, there is a support level at 268.90, which, if violated, would cause prices to drop to 265.59. In the upper region, resistance lies at 274.73. The next price resistance is at 277.24. RSI (Relative Strength Index) is 35.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.36, which suggests the price will decrease in the coming days. Percent R is at 84.32%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Aon plc subject to short interest?

Stocks of Aon plc saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.2 million shares to 1.78 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 1.98 million shares. A decline of -11.24% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.83 of the overall float, the days-to-cover ratio (short ratio) decline to 1.83.

Which companies own the most shares of Aon plc (AON)?

According to The Vanguard Group, Inc. filings, the company currently owns 17,048,163 shares, which is about 8.08% of the total AON shares outstanding. The investor’s shares have appreciated by 19,153 from its previous 13-F filing of 17029010.0 shares. With the completion of the sale transaction, Massachusetts Financial Services’s stake is now worth $4,586,649,459. Manulife Investment Management Lt acquire a 26,809.54% interest valued at $3.3 billion while Capital Research & Management Co purchased a 687,346 stake. A total of -503,407 shares of Aon plc were bought by BlackRock Fund Advisors during the quarter, and -959,133 were sold by SSgA Funds Management, Inc.. In its current portfolio, Capital Research & Management Co holds 5,769,092 shares valued at $1.61 billion.

In terms of Aon plc share price expectations, FactSet research, analysts set an average price target of $303.69 in the next 12 months, up nearly 11.73% from the previous closing price of $272.99. Analysts anticipate Aon plc stock to reach $335.00 by 2022, with the lowest price target being $250.00. In spite of this, 18 analysts ranked Aon plc stock as a Hold at the end of 2022. On November 19, 2021, Jefferies assigned a price target of “a Hold” to the stock and initiated coverage with a $313.

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