CHICAGO TRUST Co NA Sells 1,708 Shares of Aon plc (NYSE:AON)

CHICAGO TRUST Co NA lessened its position in Aon plc (NYSE:AON) by 42.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,308 shares of the financial services provider’s stock after selling 1,708 shares during the period. CHICAGO TRUST Co NA’s holdings in AON were worth $770,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of AON. BKM Wealth Management LLC acquired a new position in shares of AON in the 4th quarter valued at approximately $25,000. Frazier Financial Advisors LLC bought a new stake in shares of AON during the fourth quarter worth $31,000. Rise Advisors LLC bought a new stake in AON in the 1st quarter valued at $37,000. Bruce G. Allen Investments LLC acquired a new position in AON in the 4th quarter worth $40,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of AON during the 4th quarter worth approximately $43,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $311.00 price target on shares of AON in a research report on Tuesday, May 28th. Citigroup began coverage on shares of AON in a research note on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price target for the company. Bank of America cut AON from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $345.00 to $306.00 in a research report on Wednesday, May 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $315.00 price target on shares of AON in a report on Tuesday, June 18th. Finally, Piper Sandler decreased their price objective 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. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $321.86.

AON Stock Up 0.3 %

AON stock opened at $298.46 on Tuesday. The stock has a market cap of $64.89 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.97 and a beta of 0.91. The company’s 50 day moving average price is $290.83 and its two-hundred day moving average price is $303.44. Aon plc has a 52 week low of $268.06 and a 52 week high of $347.37.

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

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a $0.675 dividend. This is an increase from AON’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $2.70 annualized dividend and a yield of 0.90%. AON’s dividend payout ratio is presently 21.16%.

Insiders Place Their Bets

In other AON news, Director Lester B. Knight acquired 10,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average cost of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the acquisition, the director now directly owns 139,000 shares in the company, valued at $38,448,790. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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.