TABR Capital Management LLC Takes $1.28 Million Position in Aon plc $AON

TABR Capital Management LLC acquired a new position in Aon plc (NYSE:AON) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,623 shares of the financial services provider’s stock, valued at approximately $1,278,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fulton Bank N.A. grew its holdings in AON by 4.0% during the fourth quarter. Fulton Bank N.A. now owns 1,856 shares of the financial services provider’s stock valued at $655,000 after purchasing an additional 72 shares during the period. Sound View Wealth Advisors Group LLC increased its position in AON by 1.5% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock worth $683,000 after buying an additional 29 shares in the last quarter. Gryphon Financial Partners LLC raised its stake in shares of AON by 19.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,280 shares of the financial services provider’s stock worth $452,000 after buying an additional 209 shares during the period. Genesis Private Wealth LLC lifted its position in shares of AON by 12.0% during the 4th quarter. Genesis Private Wealth LLC now owns 644 shares of the financial services provider’s stock valued at $227,000 after buying an additional 69 shares in the last quarter. Finally, Maridea Wealth Management LLC grew its stake in shares of AON by 152.7% during the 4th quarter. Maridea Wealth Management LLC now owns 1,716 shares of the financial services provider’s stock valued at $605,000 after acquiring an additional 1,037 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on AON shares. Morgan Stanley set a $400.00 target price on shares of AON in a research note on Tuesday, December 16th. 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. JPMorgan Chase & Co. decreased their price objective on shares of AON from $433.00 to $406.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. 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 research note on Friday, February 27th. Finally, Cantor Fitzgerald upped their target price on shares of AON from $393.00 to $412.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, AON currently has an average rating of “Moderate Buy” and a consensus target price of $408.94.

Insider Buying and Selling at AON

In other news, Director Lester B. Knight bought 4,000 shares of AON stock in a transaction dated Tuesday, February 10th. The shares were purchased at an average cost of $319.24 per share, with a total value of $1,276,960.00. Following the completion of the acquisition, the director owned 143,000 shares of the company’s stock, valued at $45,651,320. This trade represents a 2.88% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 owned 20,254 shares in the company, valued at $6,598,550.66. This represents a 19.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

AON Stock Up 2.6%

NYSE AON opened at $325.30 on Monday. Aon plc has a 12 month low of $304.59 and a 12 month high of $402.49. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.55. The stock has a market cap of $69.70 billion, a PE ratio of 19.11, a P/E/G ratio of 1.78 and a beta of 0.82. The stock’s 50 day moving average is $331.59 and its 200 day moving average is $344.58.

AON (NYSE:AON) last released its quarterly earnings data 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. AON had a net margin of 21.51% and a return on equity of 45.23%. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter last year, the business posted $4.42 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts predict 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. Shareholders of record on Monday, February 2nd were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, February 2nd. AON’s payout ratio is currently 17.51%.

AON Company 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.