DSM Capital Partners LLC Decreases Stock Holdings in Aon plc (NYSE:AON)

DSM Capital Partners LLC trimmed its position in shares of Aon plc (NYSE:AON) by 26.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,765 shares of the financial services provider’s stock after selling 4,696 shares during the period. DSM Capital Partners LLC’s holdings in AON were worth $3,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Integrated Advisors Network LLC raised its holdings in AON by 5.1% during the 3rd quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider’s stock valued at $215,000 after buying an additional 32 shares during the period. Valley Wealth Managers Inc. raised its holdings in AON by 4.9% during the 3rd quarter. Valley Wealth Managers Inc. now owns 777 shares of the financial services provider’s stock valued at $252,000 after buying an additional 36 shares during the period. Lincoln National Corp raised its holdings in AON by 0.7% during the 3rd quarter. Lincoln National Corp now owns 5,446 shares of the financial services provider’s stock valued at $1,766,000 after buying an additional 37 shares during the period. Atria Wealth Solutions Inc. raised its holdings in AON by 2.2% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 1,727 shares of the financial services provider’s stock valued at $560,000 after buying an additional 37 shares during the period. Finally, Signaturefd LLC raised its holdings in AON by 1.8% during the 4th quarter. Signaturefd LLC now owns 2,149 shares of the financial services provider’s stock valued at $625,000 after buying an additional 38 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Up 0.5 %

Shares of AON traded up $1.45 during midday trading on Friday, reaching $280.75. 1,721,820 shares of the stock were exchanged, compared to its average volume of 2,014,561. Aon plc has a 52 week low of $268.06 and a 52 week high of $347.37. The company’s 50 day moving average is $305.00 and its two-hundred day moving average is $309.34. The company has a market capitalization of $61.04 billion, a P/E ratio of 22.00, a PEG ratio of 1.86 and a beta of 0.90.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the business earned $5.17 EPS. AON’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts expect that Aon plc will post 15.48 EPS for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a yield of 0.96%. This is an increase from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio (DPR) is presently 21.16%.

Insider Activity at AON

In other AON news, Director Lester B. Knight purchased 10,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was bought at an average cost of $276.61 per share, for a total transaction of $2,766,100.00. Following the completion of the purchase, the director now owns 139,000 shares in the company, valued at approximately $38,448,790. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AON. JPMorgan Chase & Co. increased their price target on AON from $318.00 to $353.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Morgan Stanley upped their price objective on AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Citigroup initiated coverage on AON in a research report on Wednesday. They issued a “neutral” rating and a $309.00 price objective on the stock. Keefe, Bruyette & Woods upped their price objective on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Finally, UBS Group cut their price objective on AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a research report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $325.43.

AON Company 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.