Bristol John W & Co. Inc. NY Sells 4,798 Shares of Aon plc $AON

Key Points

• Bristol John W & Co. Inc. NY trimmed its Aon stake by 1.9% in Q3, selling 4,798 shares and now holds 244,744 shares valued at about $87.27 million.
• Insider activity: Director Lester B. Knight bought 4,000 shares at $319.24 (~$1.28M) while General Counsel Darren Zeidel sold 5,040 shares at $325.79 (~$1.64M), with company insiders owning 1.10% of Aon.
• Analysts have a consensus Moderate Buy with a $408.94 target after several firms raised price targets; Aon beat Q4 EPS ($4.85 vs. $4.75) but missed revenue, and the stock trades near $316 with a $67.7B market cap.

Bristol John W & Co. Inc. NY reduced its position in Aon plc (NYSE:AON - Free Report) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 244,744 shares of the financial services provider's stock after selling 4,798 shares during the quarter. Bristol John W & Co. Inc. NY owned about 0.11% of AON worth $87,271,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AON. Westside Investment Management Inc. lifted its stake in AON by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider's stock worth $25,000 after purchasing an additional 35 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new position in shares of AON during the 3rd quarter valued at $29,000. Salomon & Ludwin LLC bought a new position in shares of AON in the third quarter worth $31,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of AON in the second quarter worth $37,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in AON during the third quarter worth about $46,000. Institutional investors own 86.14% of the company's stock.

Insider Activity at AON

In other news, Director Lester B. Knight bought 4,000 shares of the business's stock in a transaction dated Tuesday, February 10th. The shares were purchased at an average price of $319.24 per share, for a total transaction of $1,276,960.00. Following the completion of the acquisition, the director owned 143,000 shares of the company's stock, valued at approximately $45,651,320. This trade represents a 2.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Darren Zeidel sold 5,040 shares of the company's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $325.79, for a total transaction of $1,641,981.60. Following the sale, the general counsel owned 20,254 shares of the company's stock, valued at $6,598,550.66. This represents a 19.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on AON. Cantor Fitzgerald raised their price target on AON from $393.00 to $412.00 and gave the company an "overweight" rating in a report on Monday, February 2nd. UBS Group restated a "neutral" rating and issued a $385.00 price objective on shares of AON in a research report on Monday, February 2nd. Evercore reiterated an "outperform" rating and set a $436.00 target price on shares of AON in a research report on Wednesday, January 7th. Weiss Ratings reissued a "hold (c+)" rating on shares of AON in a research note on Monday, December 29th. Finally, Citigroup raised their price objective on shares of AON from $402.00 to $412.00 and gave the company a "buy" rating in a research report on Tuesday, February 3rd. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $408.94.

AON Stock Performance

NYSE AON opened at $316.12 on Friday. The company has a 50-day simple moving average of $334.96 and a two-hundred day simple moving average of $346.92. Aon plc has a 12-month low of $304.59 and a 12-month high of $402.49. The firm has a market cap of $67.73 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.68 and a beta of 0.82. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.55.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, January 30th. The financial services provider reported $4.85 EPS for the quarter, topping the consensus estimate of $4.75 by $0.10. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.38 billion. AON had a return on equity of 45.23% and a net margin of 21.51%.The company's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.42 earnings per share. On average, equities analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a $0.745 dividend. The ex-dividend date was Monday, February 2nd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON's payout ratio is presently 17.51%.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.

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