Aon plc $AON Shares Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its stake in shares of Aon plc (NYSE:AON) by 164.1% during the first quarter, Holdings Channel reports. The institutional investor owned 3,420 shares of the financial services provider’s stock after acquiring an additional 2,125 shares during the period. Chicago Partners Investment Group LLC’s holdings in AON were worth $1,118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AON. Wealth Watch Advisors INC acquired a new position in shares of AON during the third quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in AON in the fourth quarter worth approximately $27,000. Kemnay Advisory Services Inc. bought a new position in AON during the 4th quarter valued at $29,000. Eagle Bay Advisors LLC acquired a new position in shares of AON during the 4th quarter valued at $30,000. Finally, Strive Asset Management LLC bought a new stake in shares of AON in the 3rd quarter worth $35,000. 86.14% of the stock is currently owned by institutional investors.

AON Stock Down 1.0%

AON stock opened at $355.23 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market capitalization of $75.87 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.89 and a beta of 0.71. Aon plc has a 52-week low of $304.59 and a 52-week high of $381.00. The company’s 50 day simple moving average is $330.02 and its 200-day simple moving average is $330.86.

AON (NYSE:AON) last posted its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.97 billion. During the same period in the previous year, the company posted $5.67 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Aon plc will post 19.09 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.82 per share. The ex-dividend date is Monday, August 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. AON’s payout ratio is currently 18.00%.

Analyst Ratings Changes

Several research analysts recently weighed in on AON shares. UBS Group raised their target price on AON from $360.00 to $383.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Piper Sandler downgraded shares of AON from an “overweight” rating to a “neutral” rating and upped their price target for the company from $355.00 to $377.00 in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of AON from $396.00 to $412.00 and gave the company an “overweight” rating in a research report on Monday. Barclays lifted their price objective on shares of AON from $372.00 to $382.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Citigroup increased their target price on shares of AON from $412.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $404.56.

Insiders Place Their Bets

In related news, General Counsel Darren Zeidel sold 600 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $360.00, for a total value of $216,000.00. Following the completion of the sale, the general counsel directly owned 15,354 shares of the company’s stock, valued at approximately $5,527,440. This represents a 3.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

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.