Aon plc $AON Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC raised its stake in shares of Aon plc (NYSE:AON) by 326.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,837 shares of the financial services provider’s stock after buying an additional 2,172 shares during the period. Kingsview Wealth Management LLC’s holdings in AON were worth $1,012,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. 111 Capital acquired a new position in shares of AON during the third quarter valued at approximately $901,000. Elo Mutual Pension Insurance Co lifted its position in AON by 39.4% in the third quarter. Elo Mutual Pension Insurance Co now owns 27,243 shares of the financial services provider’s stock worth $9,714,000 after purchasing an additional 7,699 shares during the period. Journey Strategic Wealth LLC boosted its stake in AON by 7.3% during the 3rd quarter. Journey Strategic Wealth LLC now owns 1,638 shares of the financial services provider’s stock valued at $584,000 after purchasing an additional 111 shares in the last quarter. Davis R M Inc. increased its position in shares of AON by 0.8% during the 3rd quarter. Davis R M Inc. now owns 126,242 shares of the financial services provider’s stock valued at $45,015,000 after purchasing an additional 986 shares during the period. Finally, Aprio Wealth Management LLC bought a new stake in shares of AON in the 3rd quarter worth $202,000. 86.14% of the stock is currently owned by institutional investors.

AON Trading Up 0.5%

NYSE:AON opened at $340.49 on Friday. The stock’s 50-day moving average is $337.61 and its two-hundred day moving average is $348.37. The stock has a market cap of $72.95 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.78 and a beta of 0.82. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $407.07. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.03 and a quick ratio of 2.03.

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

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders 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 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio is presently 17.51%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AON. Evercore restated an “outperform” rating and issued a $436.00 price objective on shares of AON in a report on Wednesday, January 7th. Jefferies Financial Group reiterated a “buy” rating and issued a $408.00 price target on shares of AON in a research report on Monday, February 2nd. Citigroup raised their price objective on shares of AON from $402.00 to $412.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Mizuho upgraded shares of AON from a “neutral” rating to an “outperform” rating and set a $397.00 target price on the stock in a report on Friday, February 27th. Finally, The Goldman Sachs Group set a $395.00 target price on shares of AON in a research note on Wednesday, January 7th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $408.94.

Insider Activity at AON

In other news, Director Lester B. Knight bought 4,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were acquired at an average cost of $319.24 per share, for a total transaction of $1,276,960.00. Following the purchase, the director owned 143,000 shares of the company’s stock, valued at $45,651,320. This represents a 2.88% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Darren Zeidel sold 5,040 shares of AON stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $325.79, for a total transaction of $1,641,981.60. Following the completion of the transaction, the general counsel owned 20,254 shares in the company, valued at $6,598,550.66. This trade represents a 19.93% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

AON Profile

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.