Aon plc $AON Shares Bought by Premier Fund Managers Ltd

Premier Fund Managers Ltd grew its position in Aon plc (NYSE:AON) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,828 shares of the financial services provider’s stock after purchasing an additional 1,600 shares during the period. Premier Fund Managers Ltd’s holdings in AON were worth $12,703,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Matrix Trust Co lifted its position in AON by 7.1% during the third quarter. Matrix Trust Co now owns 422 shares of the financial services provider’s stock valued at $150,000 after buying an additional 28 shares in the last quarter. Busey Bank lifted its holdings in shares of AON by 0.3% during the 3rd quarter. Busey Bank now owns 9,565 shares of the financial services provider’s stock valued at $3,411,000 after acquiring an additional 33 shares in the last quarter. Rossby Financial LCC boosted its position in AON by 9.1% during the 2nd quarter. Rossby Financial LCC now owns 406 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 34 shares during the period. Heritage Family Offices LLP increased its holdings in AON by 1.5% in the 3rd quarter. Heritage Family Offices LLP now owns 2,308 shares of the financial services provider’s stock valued at $823,000 after purchasing an additional 35 shares in the last quarter. Finally, Martin Investment Management LLC raised its position in AON by 1.8% in the third quarter. Martin Investment Management LLC now owns 1,985 shares of the financial services provider’s stock valued at $708,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at AON

In related news, General Counsel Darren Zeidel sold 5,040 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $325.79, for a total value of $1,641,981.60. Following the completion of the sale, the general counsel directly owned 20,254 shares of the company’s stock, valued at $6,598,550.66. The trade was a 19.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lester B. Knight bought 4,000 shares of AON stock in a transaction on Tuesday, February 10th. The shares were purchased at an average cost of $319.24 per share, for a total transaction of $1,276,960.00. Following the acquisition, the director owned 143,000 shares in the company, valued at $45,651,320. The trade was a 2.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

AON Stock Performance

AON stock opened at $325.14 on Friday. Aon plc has a 52 week low of $304.59 and a 52 week high of $412.97. The company has a current ratio of 2.03, a quick ratio of 1.35 and a debt-to-equity ratio of 1.55. The stock has a market cap of $69.67 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 1.67 and a beta of 0.83. The stock has a 50 day moving average of $341.99 and a 200-day moving average of $350.63.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.75 by $0.10. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.38 billion. AON had a net margin of 21.51% and a return on equity of 45.23%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.42 earnings per share. On average, analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s dividend payout ratio (DPR) is presently 17.51%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AON. Barclays upped their target price on AON from $379.00 to $381.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. The Goldman Sachs Group set a $395.00 price target on AON in a report on Wednesday, January 7th. JPMorgan Chase & Co. dropped their price objective on shares of AON from $433.00 to $406.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Jefferies Financial Group restated a “buy” rating and issued a $408.00 target price on shares of AON in a research note on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AON in a research note on Monday, December 29th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $409.75.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.