Aon plc (NYSE:AON) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its position in Aon plc (NYSE:AON - Free Report) by 222.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 14,714 shares of the financial services provider's stock after buying an additional 10,151 shares during the period. Los Angeles Capital Management LLC's holdings in AON were worth $4,282,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. BKM Wealth Management LLC bought a new position in shares of AON in the 4th quarter worth $25,000. Milestone Investment Advisors LLC purchased a new stake in AON in the 3rd quarter worth approximately $30,000. Headlands Technologies LLC purchased a new position in AON during the 3rd quarter valued at approximately $39,000. Bruce G. Allen Investments LLC bought a new position in shares of AON during the fourth quarter valued at approximately $40,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in AON in the fourth quarter worth $43,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Up 2.0 %

AON traded up $5.50 during trading hours on Monday, reaching $285.47. 1,631,715 shares of the company's stock traded hands, compared to its average volume of 1,130,092. Aon plc has a 52-week low of $268.06 and a 52-week high of $347.37. The firm has a market capitalization of $62.07 billion, a PE ratio of 22.37, a PEG ratio of 1.77 and a beta of 0.90. The firm has a 50-day moving average price of $313.28 and a 200 day moving average price of $312.16.

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 (EPS) for the quarter, missing analysts' consensus estimates of $5.86 by ($0.20). The firm had revenue of $4.07 billion for the quarter, compared to analysts' expectations 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 in the prior year, the business earned $5.17 EPS. Equities analysts predict that Aon plc will post 15.59 EPS for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.675 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. 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 0.95%. AON's payout ratio is 21.16%.

Insider Buying and Selling at AON

In other AON news, 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 value of $4,098,380.00. Following the completion of the transaction, the insider now owns 10,073 shares in the company, valued at $3,175,613.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Lisa Stevens sold 13,000 shares of the business'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 in the company, valued at $3,175,613.98. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Christa Davies sold 40,164 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $313.29, for a total transaction of $12,582,979.56. Following the completion of the sale, the chief financial officer now directly owns 159,570 shares of the company's stock, valued at $49,991,685.30. The disclosure for this sale can be found here. Insiders sold 74,532 shares of company stock valued at $23,335,805 in the last 90 days. Insiders own 1.15% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AON. Bank of America cut their price objective on AON from $378.00 to $345.00 and set a "neutral" rating on the stock in a research note on Monday, April 29th. Keefe, Bruyette & Woods raised their price objective on AON from $294.00 to $312.00 and gave the company an "underperform" rating in a research note on Wednesday, April 10th. Piper Sandler lowered their price target on AON from $326.00 to $312.00 and set a "neutral" rating on the stock in a research note on Monday, April 29th. UBS Group lowered their price objective on AON from $333.00 to $308.00 and set a "neutral" rating on the stock in a research report on Monday, February 5th. Finally, The Goldman Sachs Group lowered their target price on shares of AON from $350.00 to $310.00 and set a "neutral" rating for the company in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, AON has an average rating of "Hold" and a consensus target price of $329.69.

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.