Act Two Investors LLC Makes New $471,000 Investment in Aon plc (NYSE:AON)

Act Two Investors LLC acquired a new position in Aon plc (NYSE:AON) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,620 shares of the financial services provider’s stock, valued at approximately $471,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AON. MGO One Seven LLC boosted its position in AON by 7.2% in the third quarter. MGO One Seven LLC now owns 987 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 66 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of AON by 3.9% in the third quarter. Corient Private Wealth LLC now owns 38,939 shares of the financial services provider’s stock valued at $12,626,000 after buying an additional 1,455 shares during the period. NBC Securities Inc. bought a new stake in shares of AON in the third quarter valued at $149,000. Empower Advisory Group LLC raised its stake in shares of AON by 136.2% in the third quarter. Empower Advisory Group LLC now owns 1,637 shares of the financial services provider’s stock valued at $531,000 after buying an additional 944 shares during the period. Finally, Lincoln National Corp raised its stake in shares of AON by 0.7% in the third quarter. Lincoln National Corp now owns 5,446 shares of the financial services provider’s stock valued at $1,766,000 after buying an additional 37 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity at AON

In other AON news, Director Lester B. Knight purchased 10,000 shares of the stock in a transaction on Friday, May 3rd. The stock was acquired at an average price of $276.61 per share, with a total value of $2,766,100.00. Following the transaction, the director now directly owns 139,000 shares of the company’s stock, valued at approximately $38,448,790. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.15% of the stock is currently owned by company insiders.

AON Price Performance

NYSE AON traded up $1.45 during trading on Friday, reaching $280.75. The company’s stock had a trading volume of 1,721,820 shares, compared to its average volume of 2,014,561. The stock has a market capitalization of $61.04 billion, a PE ratio of 22.00, a P/E/G ratio of 1.86 and a beta of 0.90. The firm has a fifty day moving average of $305.00 and a 200 day moving average of $309.34. Aon plc has a one year low of $268.06 and a one year high of $347.37.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the previous year, the company posted $5.17 earnings per share. AON’s revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts expect that Aon plc will post 15.48 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a dividend of $0.675 per share. The ex-dividend date was Tuesday, April 30th. This is a boost from AON’s previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a yield of 0.96%. AON’s dividend payout ratio is currently 21.16%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Morgan Stanley boosted their target price on AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. boosted their target price on AON from $318.00 to $353.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. UBS Group lowered their target price on AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a research note on Monday, February 5th. Wells Fargo & Company decreased their price objective on AON from $300.00 to $289.00 and set an “underweight” rating on the stock in a research note on Monday, April 29th. Finally, Keefe, Bruyette & Woods boosted their price objective on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $325.43.

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.