Brookstone Capital Management Sells 269 Shares of Aon plc (NYSE:AON)

Brookstone Capital Management trimmed its holdings in shares of Aon plc (NYSE:AON) by 20.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,020 shares of the financial services provider’s stock after selling 269 shares during the quarter. Brookstone Capital Management’s holdings in AON were worth $340,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AON. Mcdonald Partners LLC bought a new position in AON during the 1st quarter worth about $203,000. Kwmg LLC grew its stake in shares of AON by 1.9% during the 1st quarter. Kwmg LLC now owns 17,938 shares of the financial services provider’s stock worth $5,986,000 after acquiring an additional 342 shares in the last quarter. Annex Advisory Services LLC acquired a new stake in shares of AON in the first quarter valued at approximately $244,000. Anderson Hoagland & Co. boosted its holdings in AON by 4.9% during the first quarter. Anderson Hoagland & Co. now owns 11,495 shares of the financial services provider’s stock worth $3,632,000 after purchasing an additional 538 shares during the last quarter. Finally, Ballentine Partners LLC lifted its position in AON by 3.9% during the 1st quarter. Ballentine Partners LLC now owns 2,101 shares of the financial services provider’s stock worth $701,000 after buying an additional 78 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AON. 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. Piper Sandler decreased their price objective on shares of AON from $326.00 to $312.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. JPMorgan Chase & Co. upped their target price on shares of AON from $318.00 to $353.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Bank of America downgraded AON from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $345.00 to $306.00 in a research report on Wednesday, May 22nd. Finally, Keefe, Bruyette & Woods raised 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. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat, AON has a consensus rating of “Hold” and a consensus target price of $321.86.

AON Stock Down 0.1 %

Shares of AON stock opened at $293.41 on Tuesday. Aon plc has a twelve month low of $268.06 and a twelve month high of $344.68. The company has a 50-day simple moving average of $289.64 and a two-hundred day simple moving average of $302.36. The stock has a market capitalization of $63.80 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share 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 during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the firm earned $5.17 EPS. AON’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Aon plc will post 15.48 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a $0.675 dividend. This is a boost from AON’s previous quarterly dividend of $0.62. The ex-dividend date was Tuesday, April 30th. This represents a $2.70 annualized dividend and a yield of 0.92%. AON’s payout ratio is 21.16%.

Insider Buying and Selling at AON

In other news, Director Lester B. Knight bought 10,000 shares of the firm’s 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 in the company, valued at $38,448,790. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 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.