Zurcher Kantonalbank Zurich Cantonalbank Acquires 117 Shares of Aon plc (NYSE:AON)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Aon plc (NYSE:AON) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,149 shares of the financial services provider’s stock after purchasing an additional 117 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AON were worth $18,960,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AON. BKM Wealth Management LLC bought a new stake in shares of AON in the fourth quarter worth $25,000. Milestone Investment Advisors LLC bought a new stake in shares of AON in the third quarter worth $30,000. Quarry LP bought a new stake in shares of AON in the first quarter worth $31,000. Headlands Technologies LLC bought a new stake in shares of AON in the third quarter worth $39,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of AON in the fourth quarter worth $40,000. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, insider Lisa Stevens sold 13,000 shares of the company’s stock in a transaction dated 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 owns 10,073 shares in the company, valued at approximately $3,175,613.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Lester B. Knight acquired 50,000 shares of AON stock in a transaction on Wednesday, February 7th. The stock was acquired at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the transaction, the director now owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Stevens sold 13,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 10,073 shares of the company’s stock, valued at $3,175,613.98. The disclosure for this sale can be found here. Insiders have sold 74,532 shares of company stock worth $23,335,805 in the last quarter. Insiders own 1.15% of the company’s stock.

AON Trading Up 1.3 %

Shares of NYSE AON opened at $308.70 on Friday. Aon plc has a 1-year low of $284.85 and a 1-year high of $347.37. The firm has a market capitalization of $61.21 billion, a P/E ratio of 24.74, a P/E/G ratio of 1.84 and a beta of 0.86. The firm’s 50-day moving average price is $317.81 and its 200-day moving average price is $314.92.

AON (NYSE:AON) last posted its earnings results 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 negative return on equity of 1,150.40% and a net margin of 19.17%. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the prior year, the company earned $3.89 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that Aon plc will post 15.82 EPS for the current year.

AON Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on AON. BMO Capital Markets dropped their target price on shares of AON from $350.00 to $325.00 and set a “market perform” rating on the stock in a report on Friday, December 22nd. Keefe, Bruyette & Woods boosted their target price on shares of AON from $294.00 to $312.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. The Goldman Sachs Group dropped their target price on shares of AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a report on Tuesday, January 9th. Piper Sandler boosted their target price on shares of AON from $306.00 to $326.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Finally, Royal Bank of Canada dropped their target price on shares of AON from $342.00 to $325.00 and set a “sector perform” rating on the stock in a 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $334.69.

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.