Forte Capital LLC ADV Purchases 300 Shares of Aon plc (NYSE:AON)

Forte Capital LLC ADV raised its holdings in Aon plc (NYSE:AON) by 35.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,152 shares of the financial services provider’s stock after purchasing an additional 300 shares during the quarter. Forte Capital LLC ADV’s holdings in AON were worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in shares of AON by 2.2% in the third quarter. Commonwealth Equity Services LLC now owns 28,719 shares of the financial services provider’s stock worth $9,311,000 after acquiring an additional 619 shares during the period. Pinnacle Associates Ltd. raised its position in shares of AON by 76.8% in the third quarter. Pinnacle Associates Ltd. now owns 1,388 shares of the financial services provider’s stock worth $450,000 after buying an additional 603 shares in the last quarter. Stratos Wealth Advisors LLC purchased a new position in AON during the third quarter worth about $242,000. Independent Advisor Alliance increased its stake in AON by 5.8% in the 3rd quarter. Independent Advisor Alliance now owns 836 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 46 shares during the last quarter. Finally, NorthRock Partners LLC grew its holdings in shares of AON by 42.7% during the third quarter. NorthRock Partners LLC now owns 1,032 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 309 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Transactions at AON

In other AON news, 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 sale, the insider now directly owns 3,869 shares of the company’s stock, valued at $1,207,128. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other AON news, insider Lisa Stevens sold 13,000 shares of AON stock in a transaction 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 sale, the insider now directly owns 10,073 shares in the company, valued at approximately $3,175,613.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Neller sold 750 shares of the stock in a transaction dated Thursday, February 15th. The shares were 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 of the company’s stock, valued at approximately $1,207,128. The disclosure for this sale can be found here. Insiders sold a total of 74,532 shares of company stock valued at $23,335,805 over the last three months. Corporate insiders own 1.15% of the company’s stock.

AON Price Performance

AON stock traded down $0.12 during mid-day trading on Friday, reaching $279.97. 1,750,917 shares of the stock traded hands, compared to its average volume of 1,416,371. The business’s 50-day moving average is $313.86 and its 200-day moving average is $312.59. The stock has a market capitalization of $60.87 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90. Aon plc has a 12-month low of $268.06 and a 12-month high of $347.37.

AON (NYSE:AON) last released its quarterly earnings results 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). AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the business posted $5.17 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. Equities analysts anticipate that Aon plc will post 15.59 EPS for the current fiscal year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.675 dividend. 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 dividend yield of 0.96%. The ex-dividend date of this dividend is Tuesday, April 30th. AON’s dividend payout ratio is presently 21.16%.

Wall Street Analyst Weigh In

AON has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of AON from $318.00 to $353.00 and gave the company an “overweight” rating in a report on Monday, April 8th. The Goldman Sachs Group lowered their target price on AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research note on Tuesday, January 9th. Royal Bank of Canada reduced their price target on AON from $325.00 to $315.00 and set a “sector perform” rating on the stock in a research report on Monday, April 29th. Keefe, Bruyette & Woods increased their price objective on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Finally, TD Cowen began coverage on shares of AON in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AON currently has a consensus rating of “Hold” and a consensus price target of $329.69.

AON Company 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.