Kintegral Advisory LLC Purchases 14,657 Shares of Aon plc $AON

Key Points

• Kintegral Advisory LLC increased its Aon stake by 954.9% in the third quarter, purchasing 14,657 additional shares and bringing its total holdings to 16,192 shares valued at approximately $4.48 million.
• Institutional investors own 86.14% of Aon, while the stock recently traded at $292.28. Analysts maintain a “Moderate Buy” consensus with an average price target of $367.59, although several firms have recently reduced their targets.
• Aon reported quarterly revenue of $4.25 billion and adjusted earnings of $3.81 per share, while announcing a quarterly dividend of $0.82 per share, equivalent to a 1.1% annualized yield.

Kintegral Advisory LLC lifted its position in Aon plc (NYSE:AON - Free Report) by 954.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,192 shares of the financial services provider's stock after acquiring an additional 14,657 shares during the quarter. Kintegral Advisory LLC's holdings in AON were worth $4,481,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AON. MassMutual Private Wealth & Trust FSB grew its holdings in AON by 5.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 650 shares of the financial services provider's stock worth $216,000 after acquiring an additional 33 shares in the last quarter. Aspen Grove Capital LLC raised its holdings in shares of AON by 4.8% in the 1st quarter. Aspen Grove Capital LLC now owns 737 shares of the financial services provider's stock valued at $238,000 after purchasing an additional 34 shares in the last quarter. KCM Investment Advisors LLC raised its holdings in shares of AON by 6.2% in the 1st quarter. KCM Investment Advisors LLC now owns 651 shares of the financial services provider's stock valued at $210,000 after purchasing an additional 38 shares in the last quarter. RDA Financial Network lifted its position in shares of AON by 2.9% in the 2nd quarter. RDA Financial Network now owns 1,451 shares of the financial services provider's stock worth $481,000 after purchasing an additional 41 shares during the period. Finally, Basecamp Wealth Advisors LLC lifted its position in shares of AON by 25.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 235 shares of the financial services provider's stock worth $76,000 after purchasing an additional 47 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

More AON News

Here are the key news stories impacting AON this week:

• Positive Sentiment: Aon secured the sole-broker role for Zurich’s marine and energy excess-of-loss reinsurance account, a business win that could support brokerage revenue and reinforce Aon’s position in specialty risk markets. Aon wins sole broker position on Zurich marine and energy XoL account
• Positive Sentiment: Aon and the European Bank for Reconstruction and Development expanded support for Ukraine war-risk reinsurance. The initiative could create additional specialty-risk opportunities and highlights Aon’s role in rebuilding insurance capacity in Ukraine. Aon, EBRD expand Ukraine war risk reinsurance
• Positive Sentiment: Aon promoted Chris Rafferty to chief integration officer for its Investment Management and Outsourcing business, while also appointing a Chicago leader. The moves may support integration and execution, although they are not immediate earnings catalysts. Aon promotes Chris Rafferty
• Neutral Sentiment: Aon appointed Leonora Siccardi as global chief execution officer for Risk Capital and Human Capital, effective October 14, adding a senior leadership change without clear near-term financial implications. Aon appoints Leonora Siccardi
• Neutral Sentiment: Preview coverage ahead of Aon’s next quarterly report focuses on expectations for results. Investors will likely watch organic growth, margins, retention and guidance following the company’s prior quarter of modest revenue growth. What to expect from Aon's next quarterly earnings report
• Negative Sentiment: Morgan Stanley reduced its AON price target to $350, following Cantor Fitzgerald’s cut to $400 from $433. Although both targets remain above the current share level, the reductions signal more cautious expectations for valuation or growth. Morgan Stanley cuts Aon price target

Wall Street Analyst Weigh In

AON has been the topic of several research reports. Citigroup began coverage on shares of AON in a report on Monday, September 21st. They set a "buy" rating and a $435.00 price objective on the stock. Wolfe Research lowered AON from a "hold" rating to a "strong sell" rating in a report on Friday, September 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of AON in a research report on Tuesday, September 1st. Bank of America lifted their price target on AON from $298.00 to $327.00 and gave the company an "underperform" rating in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. reduced their price target on AON from $412.00 to $362.00 and set an "overweight" rating for the company in a research report on Thursday, October 1st. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $367.59.

AON Stock Up 1.9%

NYSE:AON traded up $5.48 during midday trading on Friday, reaching $292.28. 1,840,129 shares of the stock traded hands, compared to its average volume of 1,945,715. The stock has a market capitalization of $62.00 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.50 and a beta of 0.70. Aon plc has a 12-month low of $266.33 and a 12-month high of $382.34. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54. The business has a 50-day moving average of $310.87 and a two-hundred day moving average of $326.09.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.01. AON had a net margin of 22.27% and a return on equity of 42.13%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the previous year, the company earned $3.49 earnings per share. The business's revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Aon plc will post 18.74 earnings per share for the current fiscal year.

AON Dividend Announcement

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

Insider Activity

In other AON news, Director Lester Knight purchased 20,000 shares of the firm's stock in a transaction on Wednesday, September 2nd. The stock was bought at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the completion of the purchase, the director owned 163,000 shares in the company, valued at $53,379,240. This represents a 13.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the general counsel directly owned 11,504 shares of the company's stock, valued at approximately $4,345,751.04. This represents a 14.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.00% of the company's stock.

AON Profile

Aon plc is a global professional services firm that helps organizations manage risk, make better decisions and improve performance. Its services are organized around risk capital and human capital, combining advisory expertise, data, analytics and insurance-related solutions.

The company provides commercial risk brokerage and consulting, reinsurance brokerage, retirement and investment advisory services, health benefits consulting, talent and compensation consulting, and related technology and data products.

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