Aon plc $AON Shares Bought by Capital International Inc. CA

Capital International Inc. CA boosted its stake in Aon plc (NYSE:AON) by 15.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 96,236 shares of the financial services provider’s stock after purchasing an additional 12,886 shares during the quarter. Capital International Inc. CA’s holdings in AON were worth $34,316,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in AON. Westside Investment Management Inc. grew its stake in AON by 100.0% during the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after buying an additional 35 shares during the period. Heartwood Wealth Advisors LLC acquired a new stake in AON during the 3rd quarter valued at $29,000. Atlantic Union Bankshares Corp acquired a new stake in shares of AON during the second quarter valued at about $31,000. Salomon & Ludwin LLC acquired a new position in shares of AON in the 3rd quarter valued at approximately $31,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in AON during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of AON from $410.00 to $416.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Weiss Ratings restated a “hold (c+)” rating on shares of AON in a research note on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $408.00 price objective on shares of AON in a report on Monday, February 2nd. Morgan Stanley set a $400.00 price objective on AON in a research note on Tuesday, December 16th. Finally, Mizuho raised AON from a “neutral” rating to an “outperform” rating and set a $397.00 price objective for the company in a research note on Friday, February 27th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $408.94.

AON Trading Down 2.2%

Shares of NYSE:AON opened at $333.08 on Tuesday. Aon plc has a 12-month low of $304.59 and a 12-month high of $407.07. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $71.37 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82. The firm has a fifty day moving average of $337.13 and a two-hundred day moving average of $347.72.

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 analysts’ consensus estimates of $4.75 by $0.10. AON had a return on equity of 45.23% and a net margin of 21.51%.The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter last year, the firm earned $4.42 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a $0.745 dividend. The ex-dividend date was Monday, February 2nd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s payout ratio is 17.51%.

Insider Buying and Selling at AON

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