Charles Schwab Investment Management Inc. Boosts Stock Position in Aon plc (NYSE:AON)

Charles Schwab Investment Management Inc. increased its stake in shares of Aon plc (NYSE:AON - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,058,309 shares of the financial services provider's stock after acquiring an additional 5,727 shares during the period. Charles Schwab Investment Management Inc. owned about 0.53% of AON worth $307,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AON. Integrated Advisors Network LLC increased its stake in shares of 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 in the last quarter. Capital Planning Advisors LLC raised its stake in shares of AON by 0.3% during the 3rd quarter. Capital Planning Advisors LLC now owns 11,793 shares of the financial services provider's stock worth $3,824,000 after buying an additional 35 shares during the period. Valley Wealth Managers Inc. lifted its position in shares of AON by 4.9% during the 3rd quarter. Valley Wealth Managers Inc. now owns 777 shares of the financial services provider's stock valued at $252,000 after buying an additional 36 shares in the last quarter. Lincoln National Corp grew its stake in AON by 0.7% in the 3rd quarter. Lincoln National Corp now owns 5,446 shares of the financial services provider's stock valued at $1,766,000 after acquiring an additional 37 shares during the period. Finally, Atria Wealth Solutions Inc. increased its holdings in AON by 2.2% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 1,727 shares of the financial services provider's stock worth $560,000 after acquiring an additional 37 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AON

In other AON news, CFO Christa Davies sold 40,164 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $313.29, for a total value of $12,582,979.56. Following the sale, the chief financial officer now directly owns 159,570 shares of the company's stock, valued at approximately $49,991,685.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Lester B. Knight acquired 10,000 shares of the business's stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the acquisition, the director now owns 139,000 shares in the company, valued at $38,448,790. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christa Davies sold 40,164 shares of the company's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $313.29, for a total transaction of $12,582,979.56. Following the completion of the transaction, the chief financial officer now owns 159,570 shares of the company's stock, valued at approximately $49,991,685.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,532 shares of company stock valued at $23,335,805. 1.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AON shares. Piper Sandler cut their target price on shares of AON from $326.00 to $312.00 and set a "neutral" rating for the company in a research note on Monday, April 29th. UBS Group lowered their price target on shares of AON from $333.00 to $308.00 and set a "neutral" rating on the stock in a research report on Monday, February 5th. Morgan Stanley raised their target price on shares of AON from $325.00 to $327.00 and gave the stock an "equal weight" rating in a research note on Monday, April 15th. The Goldman Sachs Group dropped their price target on AON from $350.00 to $310.00 and set a "neutral" rating for the company in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada lowered their price target on shares of AON from $325.00 to $315.00 and set a "sector perform" rating on the stock in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $329.69.

AON Stock Down 1.6 %

NYSE:AON traded down $4.54 on Wednesday, reaching $283.81. 1,848,020 shares of the company's stock were exchanged, compared to its average volume of 1,142,855. The business has a fifty day moving average of $312.74 and a 200-day moving average of $311.97. 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 $61.71 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing the consensus estimate of $5.86 by ($0.20). The business had revenue of $4.07 billion during 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 business's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $5.17 EPS. As a group, equities analysts anticipate that Aon plc will post 15.59 earnings per share for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, April 30th. This is a boost from AON's previous quarterly dividend of $0.62. AON's dividend payout ratio (DPR) is presently 21.16%.

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.