Raymond James & Associates lifted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 6.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 178,914 shares of the financial services provider's stock after purchasing an additional 10,193 shares during the period. Raymond James & Associates owned 0.09% of AON worth $59,707,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC raised its position in shares of AON by 2.2% during the third quarter. Commonwealth Equity Services LLC now owns 28,719 shares of the financial services provider's stock worth $9,311,000 after acquiring an additional 619 shares during the last quarter. Pinnacle Associates Ltd. grew its position in shares of AON by 76.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,388 shares of the financial services provider's stock worth $450,000 after buying an additional 603 shares during the period. Stratos Wealth Advisors LLC bought a new stake in shares of AON during the third quarter worth approximately $242,000. Independent Advisor Alliance lifted its holdings in AON by 5.8% in the third quarter. Independent Advisor Alliance now owns 836 shares of the financial services provider's stock valued at $271,000 after buying an additional 46 shares during the period. Finally, NorthRock Partners LLC boosted its stake in AON by 42.7% in the third quarter. NorthRock Partners LLC now owns 1,032 shares of the financial services provider's stock valued at $335,000 after acquiring an additional 309 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods upped 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. UBS Group decreased their price objective on shares of AON from $333.00 to $308.00 and set a "neutral" rating for the company in a report on Monday, February 5th. JPMorgan Chase & Co. increased their target price on shares of AON from $318.00 to $353.00 and gave the stock an "overweight" rating in a report on Monday, April 8th. TD Cowen assumed coverage on AON in a research note on Wednesday, January 10th. They set an "outperform" rating and a $390.00 price objective on the stock. Finally, Bank of America dropped their price target on AON from $378.00 to $345.00 and set a "neutral" rating on the stock in a research report on Monday, April 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, AON currently has an average rating of "Hold" and a consensus target price of $329.69.
Get Our Latest Stock Analysis on AON
Insider Transactions at AON
In other AON news, insider Lisa Stevens sold 13,000 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 10,073 shares of the company's stock, valued at approximately $3,175,613.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction, the insider now owns 3,869 shares in the company, valued at $1,207,128. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa Stevens sold 13,000 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the transaction, the insider now owns 10,073 shares in the company, valued at $3,175,613.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,532 shares of company stock valued at $23,335,805. Corporate insiders own 1.15% of the company's stock.
AON Price Performance
AON stock traded down $0.12 during mid-day trading on Friday, reaching $279.97. The company had a trading volume of 1,750,917 shares, compared to its average volume of 1,416,371. The company has a market capitalization of $60.87 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.77 and a beta of 0.90. Aon plc has a 52 week low of $268.06 and a 52 week high of $347.37. The stock has a 50 day simple moving average of $313.86 and a two-hundred day simple moving average of $312.59.
AON (NYSE:AON - Get Free Report) last issued its earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.86 by ($0.20). The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.14 billion. AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $5.17 earnings per share. On average, equities analysts predict that Aon plc will post 15.59 EPS 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 given a dividend of $0.675 per share. This is a positive change from AON's previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.70 annualized dividend and a dividend yield of 0.96%. AON's dividend payout ratio (DPR) is currently 21.16%.
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.
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