Private Advisor Group LLC Purchases 2,806 Shares of Aon plc $AON

Private Advisor Group LLC grew its holdings in Aon plc (NYSE:AON) by 44.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,142 shares of the financial services provider’s stock after acquiring an additional 2,806 shares during the quarter. Private Advisor Group LLC’s holdings in AON were worth $2,951,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wealth Watch Advisors INC acquired a new stake in shares of AON in the third quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in AON during the fourth quarter worth approximately $27,000. Kemnay Advisory Services Inc. bought a new position in AON during the 4th quarter worth $29,000. Eagle Bay Advisors LLC bought a new stake in shares of AON during the 4th quarter valued at $30,000. Finally, Strive Asset Management LLC acquired a new stake in shares of AON during the 3rd quarter worth $35,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Key AON News

Here are the key news stories impacting AON this week:

• Positive Sentiment: Mizuho raised its price target on Aon to $426 from $389 and reiterated an outperform rating, signaling confidence in further upside for the stock. Mizuho raises Aon price target
• Positive Sentiment: Wells Fargo kept an overweight rating and nudged its target to $406 from $409, indicating analysts still see meaningful upside despite the small cut. Wells Fargo adjusts Aon target
• Positive Sentiment: Keefe, Bruyette & Woods also maintained an outperform rating, trimming its target only slightly to $400 from $404, which suggests the broader analyst view remains constructive. KBW adjusts Aon target
• Neutral Sentiment: Aon announced leadership changes in its specialty risk and reinsurance businesses, including new appointments and a revised UK and Ireland reinsurance structure, which may support longer-term execution but is not likely to move the stock immediately. Aon appoints Bob Reville and Eric Foster
• Negative Sentiment: Aon General Counsel Darren Zeidel sold 600 shares at $360 each, a routine insider transaction that can still be read as a mild negative signal by investors. SEC insider filing for Darren Zeidel sale

Insider Activity

In other news, General Counsel Darren Zeidel sold 600 shares of AON stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $360.00, for a total transaction of $216,000.00. Following the transaction, the general counsel owned 15,354 shares in the company, valued at approximately $5,527,440. The trade was a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AON. TD Cowen reaffirmed a “buy” rating on shares of AON in a research note on Monday, March 16th. Morgan Stanley upped their price target on shares of AON from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday. Cantor Fitzgerald increased their price target on shares of AON from $416.00 to $445.00 and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company lowered their price objective on shares of AON from $409.00 to $406.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Keefe, Bruyette & Woods cut their target price on AON from $404.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, AON presently has a consensus rating of “Moderate Buy” and a consensus price target of $402.19.

AON Stock Performance

Shares of AON stock opened at $355.20 on Friday. The firm has a market capitalization of $75.86 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.88 and a beta of 0.71. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The business’s 50-day moving average price is $326.39 and its 200-day moving average price is $330.77. Aon plc has a 12 month low of $304.59 and a 12 month high of $381.00.

AON (NYSE:AON) last released its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the prior year, the firm posted $5.67 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts forecast that Aon plc will post 19.09 EPS for the current year.

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.