Aon plc (NYSE:AON) Shares Sold by Avalon Trust Co

Avalon Trust Co lessened its position in shares of Aon plc (NYSE:AON) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,606 shares of the financial services provider’s stock after selling 785 shares during the period. AON comprises 1.2% of Avalon Trust Co’s portfolio, making the stock its 28th largest position. Avalon Trust Co’s holdings in AON were worth $13,563,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Forte Capital LLC ADV increased its stake in AON by 35.2% during the fourth quarter. Forte Capital LLC ADV now owns 1,152 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 300 shares during the last quarter. Vestmark Advisory Solutions Inc. bought a new position in AON in the fourth quarter worth about $372,000. Sapient Capital LLC acquired a new position in AON in the fourth quarter valued at approximately $351,000. Axxcess Wealth Management LLC raised its position in shares of AON by 955.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 6,564 shares of the financial services provider’s stock worth $1,910,000 after purchasing an additional 5,942 shares during the period. Finally, Merit Financial Group LLC lifted its holdings in shares of AON by 9.0% in the 4th quarter. Merit Financial Group LLC now owns 764 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at AON

In related news, insider Lisa Stevens sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the transaction, the insider now owns 10,073 shares of the company’s stock, valued at approximately $3,175,613.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other AON news, insider Michael Neller sold 750 shares of AON stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total transaction of $234,000.00. Following the completion of the sale, the insider now owns 3,869 shares of the company’s stock, valued at approximately $1,207,128. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa Stevens sold 13,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the completion of the transaction, the insider now directly owns 10,073 shares in the company, valued at $3,175,613.98. The disclosure for this sale can be found here. Insiders have sold a total of 74,532 shares of company stock valued at $23,335,805 over the last ninety days. Corporate insiders own 1.15% of the company’s stock.

AON Trading Down 0.0 %

AON stock traded down $0.12 on Friday, hitting $279.97. 1,750,917 shares of the company’s stock traded hands, compared to its average volume of 1,416,371. The stock has a market cap of $60.87 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 1.77 and a beta of 0.90. Aon plc has a 1-year low of $268.06 and a 1-year high of $347.37. The stock has a fifty day moving average of $313.86 and a 200-day moving average of $312.59.

AON (NYSE:AON) last released its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing the consensus estimate of $5.86 by ($0.20). The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.14 billion. AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $5.17 earnings per share. On average, equities research analysts anticipate that Aon plc will post 15.59 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.675 per share. The ex-dividend date is Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a yield of 0.96%. AON’s dividend payout ratio is currently 21.16%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group cut their target price on AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a research note on Monday, February 5th. Piper Sandler reduced their target price on shares of AON from $326.00 to $312.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. JPMorgan Chase & Co. lifted their price target on AON from $318.00 to $353.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Bank of America lowered their target price on AON from $378.00 to $345.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Finally, Wells Fargo & Company reduced their price target on AON from $300.00 to $289.00 and set an “underweight” rating for the company in a research report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $329.69.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.