Russell Investments Group Ltd. Has $98.11 Million Stake in Aon plc (NYSE:AON)

Russell Investments Group Ltd. raised its position in Aon plc (NYSE:AON - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 337,172 shares of the financial services provider's stock after purchasing an additional 16,214 shares during the quarter. Russell Investments Group Ltd. owned 0.17% of AON worth $98,110,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC increased its position in shares of AON by 96.7% during the fourth quarter. Headlands Technologies LLC now owns 238 shares of the financial services provider's stock worth $69,000 after acquiring an additional 117 shares during the period. Markel Group Inc. increased its position in shares of AON by 5.8% during the fourth quarter. Markel Group Inc. now owns 105,350 shares of the financial services provider's stock worth $30,659,000 after acquiring an additional 5,800 shares during the period. Stevens Capital Management LP purchased a new stake in shares of AON during the fourth quarter worth $1,460,000. Syon Capital LLC increased its position in shares of AON by 26.0% during the fourth quarter. Syon Capital LLC now owns 3,402 shares of the financial services provider's stock worth $990,000 after acquiring an additional 703 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in shares of AON by 3.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,318 shares of the financial services provider's stock worth $1,257,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Trading Down 6.9 %

Shares of AON traded down $20.97 during mid-day trading on Friday, hitting $285.03. 4,566,608 shares of the company's stock were exchanged, compared to its average volume of 882,672. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $347.37. The firm has a market capitalization of $56.58 billion, a P/E ratio of 22.34, a P/E/G ratio of 1.72 and a beta of 0.86. The business's 50 day moving average is $317.11 and its two-hundred day moving average is $313.97.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing the consensus estimate of $5.86 by ($0.20). AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the company posted $5.17 EPS. AON's quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that Aon plc will post 15.82 earnings per share for the current year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.675 per share. This is a boost from AON's previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, April 30th. AON's dividend payout ratio is currently 21.16%.

Insider Buying and Selling

In other AON news, insider Lisa Stevens sold 13,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the transaction, the insider now directly owns 10,073 shares of the company's stock, valued at $3,175,613.98. The sale was disclosed in a filing with the SEC, which is available at this link. In other AON news, insider Lisa Stevens sold 13,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the transaction, the insider now directly owns 10,073 shares of the company's stock, valued at $3,175,613.98. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lester B. Knight bought 50,000 shares of the company's stock in a transaction on Wednesday, February 7th. The stock was bought at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the acquisition, the director now owns 134,000 shares of the company's stock, valued at approximately $40,463,980. The disclosure for this purchase can be found here. Insiders sold 74,532 shares of company stock valued at $23,335,805 over the last ninety days. Corporate insiders own 1.15% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AON. Piper Sandler increased their target price on AON from $306.00 to $326.00 and gave the company a "neutral" rating in a report on Monday, February 12th. Morgan Stanley increased their target price on AON from $325.00 to $327.00 and gave the company an "equal weight" rating in a report on Monday, April 15th. TD Cowen began coverage on AON in a report on Wednesday, January 10th. They issued an "outperform" rating and a $390.00 target price on the stock. UBS Group dropped their target price on AON from $333.00 to $308.00 and set a "neutral" rating on the stock in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. increased their target price on AON from $318.00 to $353.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, AON has an average rating of "Hold" and an average price target of $334.69.

AON Company 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.