Insider Trading : Fri 8/25/23

Notable purchases -- CTO adds to ROOT; notable sales -- Director active in XENE

Buyers:

• AON Director bought 800 shares at $324.575 worth ~$260K.
• AVA Chairman of the Board / 10% owner bought 3,100 shares at $32.39 - $32.40 worth ~$100K.
• EXFY 10% owner bought 67,661 shares at $4.48 - $4.50 worth ~$304K.
• GABC Director bought 6,000 shares at $28.64 worth ~$172K.
• HTLD Chief Executive Officer and Co-Trustee of 10% Owner bought a total of 54,461 shares at $14.935 - $14.99 worth ~$698K.
• OUST Director bought 30,000 shares at $5.7898 to $5.96 worth ~$177K.
• PENN Director bought 20,000 shares at $22.49 - $22.88 worth ~$453K.
• PI 10% owner Sylebra Capital bought another 74,771 shares at $59.49 worth ~$4.5 mln.
• ROOT  Chief Technology Officer bought 17,412 shares at $5.7898 - $5.96 worth ~$163K.
• RRGB 10% owner and the President & CEO bought a total of 237,536 shares at $10.15 - $10.59 worth ~$2.5 mln.
• SAVA Director bought 30,000 shares at $17.21 - $17.64 worth ~$524K.
• SEER CEO, President and Chair bought 40,000 shares at $2.49 - $2.50 worth ~$98K.
• WEST Director bought 20,000 shares at $10.00 - $10.19 worth ~$202K.
• WOLF Director bought 5,000 shares at $47.0136 worth ~$235K.

Sellers:

• CNXN President & CEO sold 35,465 shares at $52.29 - $53.60 worth ~$1.9 mln.
• TZOO 10% owner Azzurro Capital sold 75,369 shares at $6.60 -$7.03 worth ~$511K.
• XENE Director sold 25,000 shares at $38.70 - $38.79 worth ~$968K.

==Aon (AON) reported earnings on Fri 4 Feb 22 (b/o)

 

Aon beats by $0.37, misses on revs

• Reports Q4 (Dec) earnings of $3.71 per share, $0.37 better than the S&P Capital IQ Consensus of $3.34; revenues rose 3.9% year/year to $3.08 bln vs the $3.16 bln S&P Capital IQ Consensus.

Earnings this week : Jan 31 - Feb 4, 2022 (wk 5)

Monday (Jan 31)

• Morning:  AKTS ATKR CTXS OTIS TT
• Afternoon: AGNC ARE AXTA CBT CRUS CACC FN GGG HLIT HTLF HP JJSF KMPR KRC NXPI PCH SANM WWD

Tuesday (Feb 1)

• Morning: ALGM ARCB TECH BR CTLT ENTG EPD AQUA XOM BEN GFF HLNE IMO LII MAN MDC NVR PNR PBI PINC PHM SMG ST SIRI SWK UBS UPS WAT
• Afternoon:  AMD GOOG AMCR DOX APAM ASH CB EA EHC EQR GM GILD HMN IEX LFUS MANH MTCH MRCY MSTR OI PYPL PKI SBUX SMCI TENB UNM

Wednesday (Feb 2)

• Morning:  ABBV ATI ABC AVY BSX EAT BIP CHRW CPRI CRS GIB DHI DT EMR EVR RACE HWM HUM IDXX JCI MMP MPC MPLX NYT NVS ODFL ROP SAIA SBH SLAB SR SPR TMO VNE WNC WM
• Afternoon:  EGHT ADTN AFL ALGN ALGT ALL AVB BDN CCS CHNG CCMP CTSH CLB CTVA DXC ELF ESS FORM FBHS GL THG HI HOLX KLIC LNC MXL MCK FB MET MTG MAA MUSA NTGR OHI OMF QRVO QCOM RYN RRR RRX SITM SKY SPOT TMUS TTEK TBI UGI YELL

Thursday (Feb 3)

• Morning: ABB ABMD WMS AME APTV ARW AZEK BCE BDX BERY BIIB BV CAH CSII CG CHKP CI CMS COP CMI DLX LLY EL FTV GWW HAIN HBI HSY HON HUBB ITW INGR ICE JHG LANC LAZ LITE MMS MPW MRK MTOR MSGS NJR NOK NS PH PENN PBH DGX RL SNDR RDS.A SNA TKR TW VSAT VSTO WD WEC WRK XYL
• Afternoon: ATVI AMZN AINV AVTR BECN BHE BILL BYD CPT CDK CLX COLM CUZ DECK DLB ENVA EXPO F FTNT GPRO HIG LCI LESL LGF.A LPLA MCHP MIME MTX MWA NFG NWSA NLOK NOV OTEX PYCR PCTY PFSI PINS POST POWI PRU RGA SIGI SKX SKYW SWKS SNAP SYNA U VIAV WERN WWE

Friday (Feb 4)  

• Morning:  ADNT APD AON BMY BEP CBOE ROAD ETN REGN SNY SPB TWST

Aon (AON), Willis Towers (WLTW) scrap $30 billion merger

• The Justice Department had alleged the tie-up of insurance brokers would lead to higher prices and reduced innovation for U.S. 

 

Willis Towers Watson and Aon plc (AON) agree to terminate their merger agreement and end litigation with the DoJ; AON to pay WLTW a $1 bln termination fee 

• "Despite regulatory momentum around the world, including the recent approval of our combination by the European Commission, we reached an impasse with the U.S. Department of Justice," said Aon CEO Greg Case. "The DOJ position overlooks that our complementary businesses operate across broad, competitive areas of the economy. We are confident that the combination would have accelerated our shared ability to innovate on behalf of clients, but the inability to secure an expedited resolution of the litigation brought us to this point."
• In connection with the termination of the business combination agreement, Aon will pay the $1 billion termination fee to Willis Towers Watson, Willis Towers Watson's proposed scheme of arrangement has now lapsed, and both organizations will move forward independently. Both firms will provide further financial updates and outlooks on their respective Q2 2021 earnings calls, which take place on July 30 for Aon and August 3 for Willis Towers Watson.

-=Aon (AON) to acquire Willis Towers Watson (WLTW)

Today Aon (AON) agreed to acquire Willis Towers Watson (WLTW) in an all-stock transaction that values the combined company at about $80 billion.

• https://chicago.suntimes.com/business/2020/3/9/21172404/aon-deal-throws-willis-tower-name-up-in-the-air

The acquisition, the insurance sector's largest ever, unifies the second and third largest brokers globally into a company worth almost $80 billion, overtaking market leader Marsh & McLennan Companies Inc (MMC). It comes at a time when insurers are facing rising claims and new threats from the global outbreak of coronavirus and climate change.

Aon had scrapped plans last year to pursue a merger with Willis, a day after media reports forced it to reveal it was in the early stages of considering an all-stock offer for the Irish-domiciled company. The merger agreement came right after a 12-month restriction under Irish rules for revisiting the deal expired.

The timing also coincides with a violent market correction, as Wall Street's main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday, driven by 20% slump in oil prices and the rapid spread of coronavirus.

This also weighed on Aon, whose shares dropped 16% on Monday, much more than the 8% drop in Willis shares.

Aon (AON) reported earnings on Fri 1 Feb 2019 (b/o)

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide.

• Sector: Financial Services
• Industry: Insurance Brokers
• Full Time Employees: 50,000
• http://www.aon.com
• Founded in 1919
• Headquartered in London, the United Kingdom.

 

LONDON (AP) _ Aon PLC (AON) on Friday reported fourth-quarter net income of $345 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the London-based company said it had profit of $1.41. Earnings, adjusted for one-time gains and costs, came to $2.16 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.

The insurance brokerage posted revenue of $2.77 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $2.83 billion.

For the year, the company reported profit of $1.13 billion, or $4.59 per share. Revenue was reported as $10.77 billion.

Aon shares have increased nearly 8 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 8 percent. The stock has risen 10 percent in the last 12 months.