HighPoint Advisor Group LLC Buys Shares of 3,693 Aon plc (NYSE:AON)

HighPoint Advisor Group LLC bought a new position in Aon plc (NYSE:AONFree Report) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,693 shares of the financial services provider’s stock, valued at approximately $1,075,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AON. Kestra Advisory Services LLC lifted its holdings in shares of AON by 12.9% during the third quarter. Kestra Advisory Services LLC now owns 8,534 shares of the financial services provider’s stock worth $2,767,000 after buying an additional 978 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of AON during the third quarter worth approximately $2,252,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of AON during the third quarter worth approximately $4,272,000. Envestnet Asset Management Inc. lifted its holdings in shares of AON by 60.1% during the third quarter. Envestnet Asset Management Inc. now owns 392,444 shares of the financial services provider’s stock worth $127,238,000 after buying an additional 147,245 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of AON by 3.8% during the third quarter. FMR LLC now owns 1,523,946 shares of the financial services provider’s stock worth $494,094,000 after buying an additional 55,703 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Lester B. Knight bought 10,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the purchase, the director now owns 139,000 shares of the company’s stock, valued at approximately $38,448,790. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.15% of the stock is currently owned by insiders.

AON Price Performance

Shares of AON stock traded down $1.88 during trading hours on Tuesday, hitting $298.13. 96,122 shares of the company’s stock were exchanged, compared to its average volume of 1,241,689. Aon plc has a 52 week low of $268.06 and a 52 week high of $347.37. The stock has a market cap of $64.82 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 1.96 and a beta of 0.91. The stock’s 50-day moving average is $292.26 and its 200-day moving average is $304.34.

AON (NYSE:AONGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.86 by ($0.20). AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the company earned $5.17 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts forecast that Aon plc will post 15.48 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio is 21.16%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $311.00 price objective on shares of AON in a research report on Tuesday, May 28th. 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 report on Wednesday, April 10th. Bank of America cut AON from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $345.00 to $306.00 in a research report on Wednesday, May 22nd. Morgan Stanley boosted their price objective on AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Finally, Citigroup assumed coverage on AON in a research report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price target on the stock. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, AON presently has a consensus rating of “Hold” and a consensus target price of $321.86.

Read Our Latest Analysis on AON

About AON

(Free Report)

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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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