Aon plc (NYSE:AON) Stock Position Boosted by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC boosted its position in shares of Aon plc (NYSE:AON) by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,864 shares of the financial services provider’s stock after buying an additional 141 shares during the quarter. Fidelis Capital Partners LLC’s holdings in AON were worth $542,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cubic Asset Management LLC acquired a new stake in AON during the fourth quarter valued at approximately $1,050,000. Cerity Partners LLC increased its position in shares of AON by 177.4% in the fourth quarter. Cerity Partners LLC now owns 18,461 shares of the financial services provider’s stock worth $5,372,000 after acquiring an additional 11,806 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of AON during the fourth quarter valued at approximately $3,203,000. Pathstone Family Office LLC boosted its stake in AON by 45.1% in the 3rd quarter. Pathstone Family Office LLC now owns 15,663 shares of the financial services provider’s stock worth $5,081,000 after purchasing an additional 4,872 shares during the period. Finally, James Hambro & Partners raised its stake in AON by 9.9% during the 4th quarter. James Hambro & Partners now owns 223,865 shares of the financial services provider’s stock valued at $65,137,000 after purchasing an additional 20,239 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Up 0.4 %

AON stock traded up $1.24 during mid-day trading on Friday, reaching $309.94. The company had a trading volume of 84,382 shares, compared to its average volume of 984,460. The company has a 50 day moving average of $317.81 and a 200-day moving average of $314.92. The firm has a market cap of $61.46 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 1.84 and a beta of 0.86. Aon plc has a 52 week low of $284.85 and a 52 week high of $347.37.

AON (NYSE:AON) last released its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the previous year, the firm posted $3.89 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts predict that Aon plc will post 15.82 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.87%. This is a positive change from AON’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, April 30th. AON’s dividend payout ratio is presently 21.63%.

Analyst Ratings Changes

Several analysts recently commented on AON shares. The Goldman Sachs Group lowered their price objective on shares of AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods increased their price objective on AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. TD Cowen began coverage on AON in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 target price on the stock. Royal Bank of Canada lowered their price target on AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research note on Monday, February 5th. Finally, UBS Group cut their price objective on shares of AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $334.69.

Insider Transactions at AON

In related news, insider Lisa Stevens sold 13,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the sale, the insider now directly owns 10,073 shares in the company, valued at approximately $3,175,613.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AON news, insider Lisa Stevens sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the transaction, the insider now owns 10,073 shares of the company’s stock, valued at approximately $3,175,613.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lester B. Knight bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the purchase, the director now directly owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The disclosure for this purchase can be found here. Insiders sold a total of 74,532 shares of company stock worth $23,335,805 over the last 90 days. 1.15% of the stock is owned by insiders.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.