Amalgamated Bank decreased its stake in Aon plc (NYSE:AON - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,526 shares of the financial services provider's stock after selling 2,988 shares during the quarter. Amalgamated Bank's holdings in AON were worth $14,413,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. BKM Wealth Management LLC acquired a new stake in AON in the 4th quarter valued at $25,000. Milestone Investment Advisors LLC acquired a new position in AON in the third quarter worth $30,000. Headlands Technologies LLC acquired a new position in AON in the third quarter worth $39,000. Bruce G. Allen Investments LLC acquired a new position in AON in the fourth quarter worth $40,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in AON in the fourth quarter worth $43,000. Institutional investors and hedge funds own 86.14% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. UBS Group reduced their price objective on AON from $333.00 to $308.00 and set a "neutral" rating on the stock in a research note on Monday, February 5th. Morgan Stanley boosted their target price on AON from $325.00 to $327.00 and gave the stock an "equal weight" rating in a research report on Monday, April 15th. Wells Fargo & Company dropped their target price on AON from $300.00 to $289.00 and set an "underweight" rating for the company in a research report on Monday. Bank of America dropped their target price on AON from $378.00 to $345.00 and set a "neutral" rating for the company in a research report on Monday. Finally, The Goldman Sachs Group dropped their price objective on AON from $350.00 to $310.00 and set a "neutral" rating for the company in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $329.69.
View Our Latest Analysis on AON
AON Price Performance
Shares of AON stock traded down $0.30 during trading hours on Friday, hitting $279.79. The company's stock had a trading volume of 1,750,917 shares, compared to its average volume of 1,122,498. Aon plc has a 12 month low of $268.06 and a 12 month high of $347.37. The stock has a 50 day moving average of $314.57 and a 200 day moving average of $312.92. The company has a market capitalization of $60.83 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.79 and a beta of 0.90.
AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.14 billion. AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $5.17 earnings per share. Equities analysts expect that Aon plc will post 15.59 EPS for the current year.
AON Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given 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 dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, April 30th. AON's dividend payout ratio is currently 21.16%.
Insider Transactions at AON
In other news, insider Michael Neller sold 750 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the sale, the insider now directly owns 3,869 shares of the company's stock, valued at $1,207,128. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Lisa Stevens sold 13,000 shares of the firm's 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 legal filing with the SEC, which is accessible through this link. Also, insider Michael Neller sold 750 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the transaction, the insider now owns 3,869 shares in the company, valued at approximately $1,207,128. The disclosure for this sale can be found here. Insiders sold 74,532 shares of company stock valued at $23,335,805 over the last three months. Company insiders own 1.15% of the company's stock.
AON Company Profile
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Free Report)
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.
Further Reading
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