Portside Wealth Group LLC Sells 1,898 Shares of Aon plc $AON

Portside Wealth Group LLC trimmed its holdings in shares of Aon plc (NYSE:AON) by 21.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,051 shares of the financial services provider’s stock after selling 1,898 shares during the period. Portside Wealth Group LLC’s holdings in AON were worth $2,488,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sowell Financial Services LLC lifted its holdings in shares of AON by 6.2% during the 4th quarter. Sowell Financial Services LLC now owns 1,017 shares of the financial services provider’s stock worth $359,000 after acquiring an additional 59 shares during the period. Signaturefd LLC lifted its holdings in shares of AON by 19.9% during the 4th quarter. Signaturefd LLC now owns 3,377 shares of the financial services provider’s stock worth $1,192,000 after acquiring an additional 561 shares during the period. Ascent Group LLC lifted its position in shares of AON by 3.4% during the 4th quarter. Ascent Group LLC now owns 8,732 shares of the financial services provider’s stock worth $3,081,000 after buying an additional 290 shares during the period. Savvy Advisors Inc. lifted its position in shares of AON by 8.4% during the 4th quarter. Savvy Advisors Inc. now owns 925 shares of the financial services provider’s stock worth $326,000 after buying an additional 72 shares during the period. Finally, Perpetual Ltd lifted its position in shares of AON by 7.6% during the 4th quarter. Perpetual Ltd now owns 1,479 shares of the financial services provider’s stock worth $522,000 after buying an additional 104 shares during the period. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. TD Cowen restated a “buy” rating on shares of AON in a research report on Monday, March 16th. JPMorgan Chase & Co. cut their target price on AON from $433.00 to $406.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Citigroup lifted their price target on shares of AON from $402.00 to $412.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and cut their price target for the company from $398.00 to $397.00 in a report on Friday, February 27th. Finally, Cantor Fitzgerald lifted their price target on shares of AON from $393.00 to $412.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Fourteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AON presently has an average rating of “Moderate Buy” and a consensus price target of $406.69.

Insider Transactions at AON

In other AON news, General Counsel Darren Zeidel sold 5,040 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $325.79, for a total value of $1,641,981.60. Following the completion of the transaction, the general counsel directly owned 20,254 shares of the company’s stock, valued at approximately $6,598,550.66. The trade was a 19.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lester B. Knight bought 4,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was bought at an average cost of $319.24 per share, with a total value of $1,276,960.00. Following the completion of the purchase, the director owned 143,000 shares of the company’s stock, valued at approximately $45,651,320. The trade was a 2.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

AON Trading Up 1.0%

Shares of AON opened at $326.46 on Tuesday. The stock has a fifty day moving average price of $327.46 and a two-hundred day moving average price of $341.31. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.03 and a current ratio of 2.03. Aon plc has a 52-week low of $304.59 and a 52-week high of $387.69. The company has a market cap of $69.95 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 1.77 and a beta of 0.83.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 30th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.75 by $0.10. AON had a return on equity of 45.23% and a net margin of 21.51%.The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the previous year, the company posted $4.42 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a $0.745 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s payout ratio is currently 17.51%.

AON Profile

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.