Wilmington Savings Fund Society FSB Sells 2,836 Shares of Aon plc $AON

Wilmington Savings Fund Society FSB decreased its stake in Aon plc (NYSE:AON) by 51.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,639 shares of the financial services provider’s stock after selling 2,836 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in AON were worth $941,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Westside Investment Management Inc. raised its position in shares of AON by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 35 shares during the period. Wealth Watch Advisors INC bought a new position in AON in the 3rd quarter worth $25,000. Heartwood Wealth Advisors LLC purchased a new stake in AON in the 3rd quarter worth $29,000. Salomon & Ludwin LLC bought a new stake in AON during the third quarter valued at about $31,000. Finally, Strive Asset Management LLC purchased a new position in shares of AON in the third quarter valued at about $35,000. 86.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on AON shares. TD Cowen reiterated a “buy” rating on shares of AON in a research report on Monday. Cantor Fitzgerald boosted their target price on shares of AON from $393.00 to $412.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and cut their target price for the company from $398.00 to $397.00 in a research note on Friday, February 27th. UBS Group reissued a “neutral” rating and set a $385.00 price objective on shares of AON in a report on Monday, February 2nd. Finally, Morgan Stanley set a $400.00 target price on AON in a report on Tuesday, December 16th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, AON currently has an average rating of “Moderate Buy” and a consensus target price of $408.94.

AON Trading Down 0.3%

AON opened at $316.92 on Friday. The stock has a 50-day moving average of $332.11 and a 200 day moving average of $345.27. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.55. Aon plc has a 12 month low of $304.59 and a 12 month high of $402.49. The firm has a market cap of $67.90 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.74 and a beta of 0.82.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 30th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.75 by $0.10. AON had a return on equity of 45.23% and a net margin of 21.51%.The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same period in the prior year, the business posted $4.42 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, February 2nd. AON’s dividend payout ratio is 17.51%.

Insider Activity at AON

In other AON news, Director Lester B. Knight acquired 4,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were bought at an average price of $319.24 per share, with a total value of $1,276,960.00. Following the transaction, the director directly owned 143,000 shares of the company’s stock, valued at $45,651,320. The trade was a 2.88% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Darren Zeidel sold 5,040 shares of AON stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $325.79, for a total value of $1,641,981.60. Following the sale, the general counsel owned 20,254 shares of the company’s stock, valued at approximately $6,598,550.66. This trade represents a 19.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by insiders.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.