4,046 Shares in Aon plc (NYSE:AON) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new position in Aon plc (NYSE:AON) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,046 shares of the financial services provider’s stock, valued at approximately $1,177,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AON. BKM Wealth Management LLC bought a new stake in shares of AON during the 4th quarter valued at $25,000. Frazier Financial Advisors LLC bought a new stake in shares of AON during the 4th quarter valued at $31,000. Bruce G. Allen Investments LLC bought a new stake in shares of AON during the 4th quarter valued at $40,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of AON in the 4th quarter valued at $43,000. Finally, First United Bank & Trust acquired a new position in AON in the 4th quarter worth $44,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Down 0.8 %

AON stock opened at $297.75 on Thursday. Aon plc has a twelve month low of $268.06 and a twelve month high of $347.37. The company’s 50-day moving average price is $291.47 and its two-hundred day moving average price is $304.10. The stock has a market cap of $64.74 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.97 and a beta of 0.91.

AON (NYSE:AON) last announced its earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing the consensus estimate 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 prior year, the business posted $5.17 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts anticipate that Aon plc will post 15.48 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders 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 dividend yield of 0.91%. AON’s dividend payout ratio (DPR) is currently 21.16%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AON shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $315.00 target price on shares of AON in a research note on Tuesday. Bank of America lowered shares of AON from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $345.00 to $306.00 in a research note on Wednesday, May 22nd. Piper Sandler dropped their target price on shares of AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Wells Fargo & Company dropped their target price on shares of AON from $300.00 to $289.00 and set an “underweight” rating on the stock in a report on Monday, April 29th. Finally, Citigroup started coverage on shares of AON in a report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 target price on the stock. Three equities 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 MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $321.86.

Insider Transactions at AON

In other news, Director Lester B. Knight purchased 10,000 shares of AON stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average price of $276.61 per share, for a total transaction of $2,766,100.00. Following the transaction, the director now owns 139,000 shares of the company’s stock, valued at approximately $38,448,790. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.15% of the company’s stock.

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.