Aon plc (NYSE:AON) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp increased its position in shares of Aon plc (NYSE:AON - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,331,132 shares of the financial services provider's stock after buying an additional 179,238 shares during the quarter. AON comprises approximately 1.0% of Mackenzie Financial Corp's portfolio, making the stock its 19th largest position. Mackenzie Financial Corp owned about 1.16% of AON worth $678,406,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AON. Arcus Capital Partners LLC raised its stake in shares of AON by 2.7% in the 3rd quarter. Arcus Capital Partners LLC now owns 1,171 shares of the financial services provider's stock valued at $380,000 after acquiring an additional 31 shares during the period. Ronald Blue Trust Inc. lifted its stake in AON by 7.4% during the third quarter. Ronald Blue Trust Inc. now owns 450 shares of the financial services provider's stock worth $155,000 after purchasing an additional 31 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of AON by 10.4% during the third quarter. Geneos Wealth Management Inc. now owns 341 shares of the financial services provider's stock worth $111,000 after buying an additional 32 shares during the period. Integrated Advisors Network LLC grew its stake in shares of AON by 5.1% in the third quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider's stock valued at $215,000 after buying an additional 32 shares in the last quarter. Finally, Equitable Holdings Inc. raised its holdings in shares of AON by 2.3% in the 1st quarter. Equitable Holdings Inc. now owns 1,447 shares of the financial services provider's stock valued at $456,000 after buying an additional 32 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Lisa Stevens sold 13,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the sale, the insider now directly owns 10,073 shares of the company's stock, valued at $3,175,613.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Christa Davies sold 40,164 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $313.29, for a total value of $12,582,979.56. Following the transaction, the chief financial officer now owns 159,570 shares in the company, valued at approximately $49,991,685.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa Stevens sold 13,000 shares of the business's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the completion of the transaction, the insider now directly owns 10,073 shares in the company, valued at $3,175,613.98. The disclosure for this sale can be found here. Insiders have sold 74,532 shares of company stock worth $23,335,805 in the last quarter. 1.15% of the stock is owned by insiders.

AON Stock Down 0.9 %

AON traded down $2.82 on Monday, reaching $305.18. The company's stock had a trading volume of 924,489 shares, compared to its average volume of 1,000,212. Aon plc has a fifty-two week low of $284.85 and a fifty-two week high of $347.37. The stock has a 50 day moving average of $317.66 and a two-hundred day moving average of $315.18. The company has a market capitalization of $60.52 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 1.87 and a beta of 0.86.

AON (NYSE:AON - Get Free Report) last posted its earnings results on Friday, February 2nd. The financial services provider reported $3.89 EPS for the quarter, missing analysts' consensus estimates of $4.07 by ($0.18). AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The company had revenue of $3.38 billion during the quarter, compared to analysts' expectations of $3.36 billion. During the same period last year, the business earned $3.89 earnings per share. The company's quarterly revenue was up 7.8% on a year-over-year basis. As a group, analysts anticipate that Aon plc will post 15.77 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.675 dividend. The ex-dividend date is Tuesday, April 30th. This is a boost from AON's previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.88%. AON's dividend payout ratio is 19.71%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group dropped their target price on AON from $333.00 to $308.00 and set a "neutral" rating for the company in a research report on Monday, February 5th. The Goldman Sachs Group cut their target price on shares of AON from $350.00 to $310.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 9th. TD Cowen began coverage on shares of AON in a research report on Wednesday, January 10th. They issued an "outperform" rating and a $390.00 price target for the company. Piper Sandler upped their price objective on AON from $306.00 to $326.00 and gave the stock a "neutral" rating in a research report on Monday, February 12th. Finally, BMO Capital Markets decreased their target price on AON from $350.00 to $325.00 and set a "market perform" rating for the company in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $335.36.

About AON

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.