8,123 Aon plc $AON Shares Bought by Valley National Advisers Inc.

Key Points

• Valley National Advisers increased its Aon holdings by 6,658.2% in the third quarter, adding 8,123 shares for a total position worth approximately $2.28 million. Institutional investors collectively own 86.14% of Aon’s stock.
• Aon slightly exceeded quarterly EPS expectations, reporting $3.81 versus the $3.80 consensus, while revenue rose 2.2% year over year to $4.25 billion but fell short of estimates.
• Aon declared a quarterly dividend of $0.82 per share, equivalent to an annualized $3.28 payout and a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $367.59, above the reported share price of $303.47.

Valley National Advisers Inc. increased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 6,658.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,245 shares of the financial services provider's stock after acquiring an additional 8,123 shares during the quarter. Valley National Advisers Inc.'s holdings in AON were worth $2,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. SJS Investment Consulting Inc. grew its stake in AON by 258.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 93 shares during the period. Downshift Financial LLC raised its stake in shares of AON by 15,700.0% during the 3rd quarter. Downshift Financial LLC now owns 158 shares of the financial services provider's stock worth $44,000 after purchasing an additional 157 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in AON during the first quarter valued at about $61,000. Ashurst Perkins Coie Trust Co bought a new position in AON during the third quarter valued at about $60,000. Finally, Elevation Wealth Partners LLC increased its holdings in AON by 35.6% during the second quarter. Elevation Wealth Partners LLC now owns 221 shares of the financial services provider's stock worth $73,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Insider Transactions at AON

In other AON news, General Counsel Darren Zeidel sold 1,900 shares of the firm's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $377.76, for a total value of $717,744.00. Following the completion of the transaction, the general counsel owned 11,504 shares in the company, valued at $4,345,751.04. This trade represents a 14.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lester Knight acquired 20,000 shares of the business's stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average price of $327.48 per share, with a total value of $6,549,600.00. Following the completion of the transaction, the director directly owned 163,000 shares of the company's stock, valued at $53,379,240. This trade represents a 13.99% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.00% of the company's stock.

AON Price Performance

Shares of NYSE:AON opened at $303.47 on Friday. The firm has a market capitalization of $64.37 billion, a PE ratio of 16.73, a P/E/G ratio of 1.59 and a beta of 0.70. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34. The company has a 50-day moving average price of $305.15 and a two-hundred day moving average price of $325.24. Aon plc has a twelve month low of $266.33 and a twelve month high of $382.34.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.01. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. AON had a net margin of 22.27% and a return on equity of 42.13%. The company's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.49 earnings per share. Equities analysts forecast that Aon plc will post 18.73 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.82 per share. The ex-dividend date is Monday, November 2nd. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. AON's dividend payout ratio is currently 18.08%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TD Cowen lifted their price objective on shares of AON from $416.00 to $420.00 and gave the stock a "buy" rating in a research report on Monday, September 14th. Cantor Fitzgerald reduced their target price on shares of AON from $433.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, October 7th. Piper Sandler decreased their price target on shares of AON from $391.00 to $349.00 and set a "neutral" rating for the company in a research note on Tuesday, September 1st. UBS Group restated a "neutral" rating on shares of AON in a research note on Monday, August 31st. Finally, Bank of America lifted their price target on shares of AON from $298.00 to $327.00 and gave the stock an "underperform" rating in a report on Wednesday, July 15th. Twelve investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $367.59.

AON Company Profile

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon's human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.

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