2,092 Shares in Aon plc (NYSE:AON) Purchased by SageView Advisory Group LLC

SageView Advisory Group LLC bought a new position in shares of Aon plc (NYSE:AON) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,092 shares of the financial services provider’s stock, valued at approximately $625,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Capital International Investors boosted its holdings in shares of AON by 0.4% during the 4th quarter. Capital International Investors now owns 5,524,730 shares of the financial services provider’s stock worth $1,607,519,000 after buying an additional 22,346 shares during the period. Lazard Asset Management LLC raised its stake in AON by 1.1% in the 3rd quarter. Lazard Asset Management LLC now owns 4,479,652 shares of the financial services provider’s stock worth $1,452,390,000 after purchasing an additional 50,290 shares in the last quarter. Mackenzie Financial Corp raised its stake in AON by 8.3% in the 4th quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock worth $678,406,000 after purchasing an additional 179,238 shares in the last quarter. Northern Trust Corp raised its stake in AON by 0.8% in the 3rd quarter. Northern Trust Corp now owns 2,244,909 shares of the financial services provider’s stock worth $727,844,000 after purchasing an additional 18,500 shares in the last quarter. Finally, FMR LLC raised its stake in AON by 3.8% in the 3rd quarter. FMR LLC now owns 1,523,946 shares of the financial services provider’s stock worth $494,094,000 after purchasing an additional 55,703 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

AON stock opened at $297.90 on Wednesday. Aon plc has a 1 year low of $268.06 and a 1 year high of $347.37. The stock has a market cap of $64.77 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 1.99 and a beta of 0.91. The company has a 50 day simple moving average of $291.83 and a 200 day simple moving average of $304.14.

AON (NYSE:AON) last posted its earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share 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 business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the firm earned $5.17 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Aon plc will post 15.48 EPS for the current fiscal year.

AON Increases Dividend

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

Insiders Place Their Bets

In other AON news, Director Lester B. Knight bought 10,000 shares of AON stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $276.61 per share, with a total value of $2,766,100.00. Following the acquisition, the director now directly owns 139,000 shares of the company’s stock, valued at approximately $38,448,790. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.15% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of several analyst reports. Piper Sandler dropped their price objective on shares of AON from $326.00 to $312.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $315.00 target price on shares of AON in a research report on Tuesday. Morgan Stanley boosted their target price on shares of AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Wells Fargo & Company dropped their target price on shares of AON from $300.00 to $289.00 and set an “underweight” rating for the company in a research report on Monday, April 29th. Finally, Bank of America cut shares of AON from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $345.00 to $306.00 in a research report on Wednesday, May 22nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $321.86.

About AON

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.