Aon plc $AON Shares Purchased by Glenmede Trust Co. NA

Glenmede Trust Co. NA increased its holdings in Aon plc (NYSE:AON) by 16.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 56,358 shares of the financial services provider’s stock after acquiring an additional 7,890 shares during the period. Glenmede Trust Co. NA’s holdings in AON were worth $18,191,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wealth Watch Advisors INC purchased a new position in shares of AON during the 3rd quarter worth $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in AON in the 4th quarter valued at about $27,000. Kemnay Advisory Services Inc. acquired a new position in AON in the fourth quarter valued at about $29,000. Eagle Bay Advisors LLC purchased a new position in AON during the fourth quarter worth about $30,000. Finally, Strive Asset Management LLC acquired a new stake in shares of AON during the third quarter valued at about $35,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 1.6%

Shares of AON opened at $360.71 on Friday. The company’s 50-day simple moving average is $341.22 and its 200-day simple moving average is $332.07. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.95 and a current ratio of 1.54. Aon plc has a 1 year low of $304.59 and a 1 year high of $382.34. The stock has a market capitalization of $76.51 billion, a PE ratio of 19.88, a P/E/G ratio of 1.86 and a beta of 0.71.

AON (NYSE:AON) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share for the quarter, beating analysts’ consensus estimates of $3.80 by $0.01. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. AON had a net margin of 22.27% and a return on equity of 42.13%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.49 earnings per share. Analysts forecast that Aon plc will post 19.09 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be paid a $0.82 dividend. The ex-dividend date is Monday, August 3rd. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. AON’s payout ratio is 18.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Piper Sandler boosted their price target on shares of AON from $377.00 to $391.00 and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on shares of AON from $396.00 to $412.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Cantor Fitzgerald boosted their target price on AON from $416.00 to $445.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Wells Fargo & Company upped their price target on AON from $406.00 to $419.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Barclays lifted their price objective on AON from $372.00 to $382.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $409.06.

AON News Summary

Here are the key news stories impacting AON this week:

• Positive Sentiment: Aon reported second-quarter adjusted earnings of $3.81 per share, narrowly above the $3.80 consensus and up from $3.49 a year earlier. Organic revenue growth reached 5%, while operating margins expanded and management reaffirmed its full-year guidance. Aon Q2 results and guidance
• Positive Sentiment: Growth in reinsurance and property-and-casualty businesses, combined with a record pace of share repurchases, strengthened the company’s capital-return story. Aon also declared a quarterly dividend of $0.82 per share. Aon buyback and Q2 growth
• Positive Sentiment: Citigroup raised its price target to $435 from $420 with a Buy rating, and Wells Fargo increased its target to $419 from $406 with an Overweight rating, signaling continued confidence in Aon’s longer-term earnings outlook.
• Neutral Sentiment: Revenue rose 2.2% year over year to $4.25 billion but missed the $4.28 billion estimate. Higher expenses and lower interest income limited the benefit from organic growth and acquisitions, leaving investors focused on whether revenue growth can accelerate.
• Neutral Sentiment: Aon said severe weather across the U.S. Midwest—including wind, hail and tornadoes—could rank among the top 10 costliest severe-weather events. The company also expects losses from the July Japan earthquake to be below those from the 2016 Kumamoto earthquake; these developments highlight insurance-market activity but have limited direct earnings impact for Aon.
• Negative Sentiment: General Counsel Darren Zeidel sold 1,900 shares for approximately $718,000, following additional sales earlier in July. Although he retains a sizable position, the repeated insider selling may weigh modestly on sentiment. Aon insider sale
• Negative Sentiment: WTW reported faster growth in its broking arm than Aon, Marsh and Gallagher, underscoring competitive pressure in Aon’s core brokerage market. WTW broking growth comparison

Insider Buying and Selling at AON

In other news, General Counsel Darren Zeidel sold 1,900 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $377.76, for a total value of $717,744.00. Following the sale, the general counsel directly owned 11,504 shares in the company, valued at approximately $4,345,751.04. This trade represents a 14.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 4,450 shares of company stock worth $1,659,242 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

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.