Duality Advisers LP Makes New $2.26 Million Investment in Aon plc (NYSE:AON)

Duality Advisers LP acquired a new position in shares of Aon plc (NYSE:AON - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,775 shares of the financial services provider's stock, valued at approximately $2,263,000.

Other large investors also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. grew its holdings in shares of AON by 7.4% during the 3rd 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 during the period. Geneos Wealth Management Inc. boosted its position in shares of AON by 10.4% during the 3rd quarter. Geneos Wealth Management Inc. now owns 341 shares of the financial services provider's stock worth $111,000 after purchasing an additional 32 shares during the period. Integrated Advisors Network LLC increased its holdings in AON by 5.1% in the 3rd quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider's stock valued at $215,000 after purchasing an additional 32 shares during the last quarter. Capital Planning Advisors LLC lifted its stake in AON by 0.3% during the third quarter. Capital Planning Advisors LLC now owns 11,793 shares of the financial services provider's stock worth $3,824,000 after purchasing an additional 35 shares in the last quarter. Finally, Valley Wealth Managers Inc. boosted its position in shares of AON by 4.9% during the third quarter. Valley Wealth Managers Inc. now owns 777 shares of the financial services provider's stock worth $252,000 after buying an additional 36 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AON

In related news, CFO Christa Davies sold 20,618 shares of the company's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $311.40, for a total transaction of $6,420,445.20. Following the transaction, the chief financial officer now owns 159,570 shares of the company's stock, valued at $49,690,098. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other AON news, CFO Christa Davies sold 20,618 shares of the firm's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $311.40, for a total value of $6,420,445.20. Following the sale, the chief financial officer now directly owns 159,570 shares of the company's stock, valued at approximately $49,690,098. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lester B. Knight acquired 50,000 shares of the business's stock in a transaction dated Wednesday, February 7th. The shares were bought at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the completion of the acquisition, the director now owns 134,000 shares in the company, valued at $40,463,980. The disclosure for this purchase can be found here. Insiders have sold 74,532 shares of company stock valued at $23,335,805 in the last quarter. 1.15% of the stock is currently owned by corporate insiders.

AON Trading Up 0.3 %

Shares of AON stock traded up $0.83 during trading hours on Monday, hitting $311.02. 753,670 shares of the company were exchanged, compared to its average volume of 993,647. The stock has a market capitalization of $61.74 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 1.88 and a beta of 0.86. Aon plc has a 1 year low of $284.85 and a 1 year high of $347.37. The business has a 50-day moving average of $317.79 and a 200-day moving average of $314.64.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 earnings per share 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 business had revenue of $3.38 billion during the quarter, compared to analysts' expectations of $3.36 billion. During the same period in the prior year, the firm posted $3.89 EPS. AON's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, research analysts anticipate that Aon plc will post 15.82 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued 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 yield of 0.87%. AON's dividend payout ratio (DPR) is 19.71%.

Wall Street Analysts Forecast Growth

AON has been the subject of several recent research reports. TD Cowen started coverage on shares of AON in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $390.00 price objective for the company. UBS Group reduced their price target on AON from $333.00 to $308.00 and set a "neutral" rating on the stock in a research report on Monday, February 5th. Royal Bank of Canada reduced their target price on shares of AON from $342.00 to $325.00 and set a "sector perform" rating on the stock in a report on Monday, February 5th. The Goldman Sachs Group cut their price target on AON from $350.00 to $310.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods increased their price objective on AON from $294.00 to $312.00 and gave the company an "underperform" rating in a report on Wednesday, April 10th. 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. Based on data from MarketBeat, AON presently has a consensus rating of "Hold" and a consensus target price of $334.69.

AON 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.