Aon plc (NYSE:AON) Shares Bought by SVB Wealth LLC

SVB Wealth LLC raised its holdings in Aon plc (NYSE:AON) by 14.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,559 shares of the financial services provider’s stock after buying an additional 314 shares during the quarter. SVB Wealth LLC’s holdings in AON were worth $745,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sentry Investment Management LLC lifted its holdings in AON by 109.9% in the fourth quarter. Sentry Investment Management LLC now owns 2,460 shares of the financial services provider’s stock valued at $716,000 after acquiring an additional 1,288 shares during the period. Mackenzie Financial Corp lifted its holdings in AON by 8.3% in the fourth quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock valued at $678,406,000 after acquiring an additional 179,238 shares during the period. Bison Wealth LLC raised its stake in shares of AON by 21.1% during the 4th quarter. Bison Wealth LLC now owns 3,982 shares of the financial services provider’s stock worth $1,159,000 after buying an additional 695 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of AON during the 4th quarter worth $1,524,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of AON during the 4th quarter worth $3,521,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AON. Piper Sandler lifted their price target on AON from $306.00 to $326.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Morgan Stanley lifted their price target on AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. UBS Group cut their price target on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a research note on Monday, February 5th. Royal Bank of Canada cut their target price on shares of AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research note on Monday, February 5th. Finally, TD Cowen started coverage on shares of AON in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, AON currently has a consensus rating of “Hold” and an average price target of $334.69.

Insider Transactions at AON

In other news, Director Lester B. Knight bought 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the acquisition, the director now owns 134,000 shares of the company’s stock, valued at $40,463,980. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other AON news, insider Michael Neller sold 750 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the transaction, the insider now owns 3,869 shares in the company, valued at approximately $1,207,128. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lester B. Knight purchased 50,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was bought at an average price of $301.97 per share, with a total value of $15,098,500.00. Following the acquisition, the director now owns 134,000 shares in the company, valued at $40,463,980. The disclosure for this purchase can be found here. In the last quarter, insiders sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is currently owned by company insiders.

AON Price Performance

AON opened at $310.19 on Friday. The stock has a market capitalization of $61.58 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 1.87 and a beta of 0.86. The business has a 50-day moving average of $317.77 and a two-hundred day moving average of $314.84. Aon plc has a 12 month low of $284.85 and a 12 month high of $347.37.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, February 2nd. The financial services provider reported $3.89 EPS for the quarter, missing the consensus estimate of $4.07 by ($0.18). AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter last year, the firm earned $3.89 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Aon plc will post 15.82 earnings per share for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.675 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from AON’s previous quarterly dividend of $0.62. AON’s payout ratio is presently 19.71%.

AON 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.