Hills Bank & Trust Co Has $640,000 Stock Holdings in Aon plc (NYSE:AON)

Hills Bank & Trust Co cut its holdings in shares of Aon plc (NYSE:AON) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,198 shares of the financial services provider’s stock after selling 114 shares during the quarter. Hills Bank & Trust Co’s holdings in AON were worth $640,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. BKM Wealth Management LLC acquired a new position in shares of AON in the fourth quarter valued at $25,000. Milestone Investment Advisors LLC acquired a new stake in shares of AON during the 3rd quarter valued at about $30,000. Headlands Technologies LLC bought a new stake in AON in the third quarter valued at about $39,000. Bruce G. Allen Investments LLC bought a new position in AON during the fourth quarter worth about $40,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in AON during the fourth quarter valued at approximately $43,000. 86.14% of the stock is owned by institutional investors.

AON Stock Up 1.3 %

NYSE AON traded up $3.75 on Thursday, reaching $287.57. The company had a trading volume of 2,354,930 shares, compared to its average volume of 1,159,943. Aon plc has a 52 week low of $268.06 and a 52 week high of $347.37. The stock has a market cap of $62.53 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.77 and a beta of 0.90. The stock’s 50 day moving average is $312.07 and its 200-day moving average is $311.78.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the prior year, the business earned $5.17 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. As a group, analysts forecast that Aon plc will post 15.59 EPS for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.675 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.94%. This is a positive change from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio (DPR) is currently 21.16%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on AON from $318.00 to $353.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Royal Bank of Canada cut their price target on shares of AON from $325.00 to $315.00 and set a “sector perform” rating for the company in a report on Monday, April 29th. Bank of America decreased their price objective on shares of AON from $378.00 to $345.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Piper Sandler decreased their price target on AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Finally, Wells Fargo & Company cut their price objective 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 assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $329.69.

Insider Activity at AON

In related news, CFO Christa Davies sold 40,164 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $313.29, for a total value of $12,582,979.56. Following the completion of the transaction, the chief financial officer now directly owns 159,570 shares of the company’s stock, valued at approximately $49,991,685.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other AON news, CFO Christa Davies sold 40,164 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $313.29, for a total transaction of $12,582,979.56. Following the completion of the transaction, the chief financial officer now owns 159,570 shares of the company’s stock, valued at approximately $49,991,685.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lester B. Knight acquired 10,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was acquired at an average price of $276.61 per share, for a total transaction of $2,766,100.00. Following the completion of the acquisition, the director now directly owns 139,000 shares of the company’s stock, valued at $38,448,790. The disclosure for this purchase can be found here. In the last three months, insiders sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is owned by company insiders.

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.