Thursday, February 08, 2018 10:15 PM ET
Insider Makes Significant Stock buy in Aon (AON) Shares Breaks Selling Trend of Last 90 Days
There was significant buying activity in Aon shares by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Lester B Knight, Director — purchased 60,000 shares in the company having a market value of approximately $8,305,300. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the selling of 60,627 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 627 shares and have averaged 20,105 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Aon is above its 8-company peer group average. The Insurance Brokers peer group saw 7 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares traded per transaction by Aon insiders is lower than its peers. Within the peer group there were 0 shares purchased and 500,627 shares sold with company insiders having sold 71,518 shares on average over this time period.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate and write this story.
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