Catalyst Financial Partners LLC Purchases 47 Shares of Aon plc (NYSE:AON)

Catalyst Financial Partners LLC grew its position in Aon plc (NYSE:AON) by 4.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,079 shares of the financial services provider’s stock after buying an additional 47 shares during the period. Catalyst Financial Partners LLC’s holdings in AON were worth $314,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BKM Wealth Management LLC bought a new stake in shares of AON in the fourth quarter worth about $25,000. Milestone Investment Advisors LLC acquired a new stake in AON during the 3rd quarter worth approximately $30,000. Headlands Technologies LLC bought a new position in AON in the third quarter valued at approximately $39,000. Bruce G. Allen Investments LLC bought a new stake in shares of AON during the fourth quarter worth $40,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of AON during the fourth quarter worth $43,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

AON stock traded down $4.54 during trading hours on Wednesday, reaching $283.81. The stock had a trading volume of 1,848,020 shares, compared to its average volume of 1,142,855. The stock has a market capitalization of $61.71 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90. The stock has a 50-day simple moving average of $312.74 and a 200 day simple moving average of $311.97. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $347.37.

AON (NYSE:AON) last posted its earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). The company had revenue of $4.07 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.17 EPS. On average, sell-side analysts forecast that Aon plc will post 15.59 EPS for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Tuesday, April 30th. This is a boost from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio (DPR) is currently 21.16%.

Insider Transactions at AON

In related news, Director Lester B. Knight bought 10,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $276.61 per share, for a total transaction of $2,766,100.00. Following the purchase, the director now owns 139,000 shares in the company, valued at approximately $38,448,790. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other AON news, Director Lester B. Knight purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the transaction, the director now owns 139,000 shares in the company, valued at $38,448,790. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Neller sold 750 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $312.00, for a total transaction of $234,000.00. Following the transaction, the insider now directly owns 3,869 shares in the company, valued at $1,207,128. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Royal Bank of Canada lowered their target price on AON from $325.00 to $315.00 and set a “sector perform” rating for the company in a report on Monday, April 29th. Keefe, Bruyette & Woods upped their price target on AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price objective on shares of AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. 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 report on Monday, April 29th. Finally, The Goldman Sachs Group reduced their target price on shares of AON from $350.00 to $310.00 and set a “neutral” rating for the company in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $329.69.

AON Profile

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.