Aon plc $AON Shares Purchased by Premier Fund Managers Ltd

Premier Fund Managers Ltd raised its stake in Aon plc (NYSE:AON) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,828 shares of the financial services provider’s stock after acquiring an additional 1,600 shares during the period. Premier Fund Managers Ltd’s holdings in AON were worth $12,703,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AON. Westside Investment Management Inc. lifted its holdings in shares of AON by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 35 shares during the last quarter. Heartwood Wealth Advisors LLC acquired a new stake in AON in the third quarter worth $29,000. Atlantic Union Bankshares Corp bought a new stake in AON in the second quarter valued at $31,000. Salomon & Ludwin LLC bought a new stake in AON in the third quarter valued at $31,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of AON during the second quarter worth about $37,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

NYSE AON opened at $325.14 on Friday. Aon plc has a 12 month low of $304.59 and a 12 month high of $412.97. The firm has a market capitalization of $69.67 billion, a PE ratio of 19.10, a P/E/G ratio of 1.67 and a beta of 0.83. The company’s 50 day simple moving average is $341.99 and its 200 day simple moving average is $350.63. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.03 and a quick ratio of 1.35.

AON (NYSE:AON) last issued its quarterly earnings results 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 firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same period last year, the company posted $4.42 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were issued a dividend of $0.745 per share. 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 payout ratio is presently 17.51%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AON shares. Roth Mkm reiterated a “buy” rating and issued a $390.00 price objective on shares of AON in a research report on Tuesday, November 4th. Citigroup raised their price target on shares of AON from $402.00 to $412.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. TD Cowen cut their price target on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of AON in a report on Monday, December 29th. Finally, Wells Fargo & Company cut their target price on AON from $448.00 to $443.00 and set an “overweight” rating on the stock in a research note on Sunday, February 1st. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, AON currently has an average rating of “Moderate Buy” and a consensus target price of $409.75.

Insider Activity

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

AON Profile

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.