Aon plc $AON Shares Bought by SRH Advisors LLC

SRH Advisors LLC boosted its holdings in Aon plc (NYSE:AON) by 14,331.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,309 shares of the financial services provider’s stock after purchasing an additional 2,293 shares during the quarter. SRH Advisors LLC’s holdings in AON were worth $639,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. SJS Investment Consulting Inc. boosted its stake in shares of AON by 258.3% during the first quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $42,000 after buying an additional 93 shares during the period. Downshift Financial LLC increased its position in AON by 15,700.0% in the 3rd quarter. Downshift Financial LLC now owns 158 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 157 shares during the period. Ashurst Perkins Coie Trust Co acquired a new position in AON in the 3rd quarter valued at about $60,000. Cassaday & Co Wealth Management LLC purchased a new stake in AON during the 1st quarter valued at approximately $61,000. Finally, Maryland Capital Advisors Inc. lifted its position in AON by 23,400.0% during the 3rd quarter. Maryland Capital Advisors Inc. now owns 235 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 234 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AON shares. Morgan Stanley lowered their price objective on shares of AON from $410.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 6th. Cantor Fitzgerald cut their price objective on shares of AON from $433.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, October 7th. Weiss Ratings cut shares of AON from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. BMO Capital Markets lowered their target price on shares of AON from $360.00 to $286.00 and set a “market perform” rating on the stock in a report on Thursday, October 1st. Finally, TD Cowen boosted their price target on shares of AON from $416.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $367.59.

Insider Transactions at AON

In related news, Director Lester B. Knight bought 20,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was acquired at an average price of $327.48 per share, for a total transaction of $6,549,600.00. Following the completion of the purchase, the director owned 163,000 shares in the company, valued at $53,379,240. This represents a 13.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Darren Zeidel sold 1,900 shares of AON stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total transaction of $717,744.00. Following the sale, the general counsel owned 11,504 shares in the company, valued at $4,345,751.04. This represents a 14.17% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is currently owned by insiders.

AON Price Performance

Shares of NYSE AON traded down $3.33 during trading on Friday, reaching $303.47. The company had a trading volume of 1,108,593 shares, compared to its average volume of 1,711,159. Aon plc has a twelve month low of $266.33 and a twelve month high of $382.34. The stock has a market capitalization of $64.37 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.61 and a beta of 0.70. The stock has a 50-day moving average price of $305.15 and a two-hundred day moving average price of $325.24. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34.

AON (NYSE:AON) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.80 by $0.01. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. AON had a net margin of 22.27% and a return on equity of 42.13%. AON’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.49 earnings per share. As a group, sell-side analysts predict that Aon plc will post 18.73 earnings per share for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 2nd will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, November 2nd. AON’s payout ratio is currently 18.08%.

AON Profile

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon’s human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.