Aon plc (NYSE:AON) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its stake in Aon plc (NYSE:AON – Get Rating) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 752 shares of the financial services provider’s stock after selling 94 shares during the period. Oppenheimer & Co. Inc.’s holdings in AON were worth $201,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Oppenheimer Asset Management Inc. boosted its position in AON by 2.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 9,612 shares of the financial services provider’s stock worth $2,574,000 after purchasing an additional 234 shares in the last quarter. Waldron Private Wealth LLC boosted its position in AON by 8.1% in the 3rd quarter. Waldron Private Wealth LLC now owns 3,152 shares of the financial services provider’s stock worth $844,000 after purchasing an additional 236 shares in the last quarter. Brown Advisory Inc. boosted its position in AON by 10.3% in the 3rd quarter. Brown Advisory Inc. now owns 5,676 shares of the financial services provider’s stock worth $1,521,000 after purchasing an additional 530 shares in the last quarter. Bishop Rock Capital L.P. boosted its position in AON by 49.8% in the 3rd quarter. Bishop Rock Capital L.P. now owns 20,919 shares of the financial services provider’s stock worth $5,604,000 after purchasing an additional 6,958 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of AON by 5.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 243,155 shares of the financial services provider’s stock valued at $65,134,000 after buying an additional 12,208 shares in the last quarter. Hedge funds and other institutional investors own 86.12% of the company’s stock.

Insider Buying and Selling

In related news, CFO Christa Davies sold 617 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $318.36, for a total transaction of $196,428.12. Following the completion of the sale, the chief financial officer now directly owns 199,571 shares of the company’s stock, valued at approximately $63,535,423.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Michael Neller sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $311.59, for a total transaction of $311,590.00. Following the completion of the sale, the insider now directly owns 1,216 shares of the company’s stock, valued at approximately $378,893.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Christa Davies sold 617 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $318.36, for a total value of $196,428.12. Following the transaction, the chief financial officer now owns 199,571 shares of the company’s stock, valued at $63,535,423.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,389 shares of company stock valued at $22,664,130. 1.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AON. Piper Sandler increased their target price on AON from $305.00 to $325.00 and gave the company a “neutral” rating in a research report on Monday, February 6th. TheStreet upgraded AON from a “c+” rating to a “b-” rating in a research report on Friday, December 9th. Wells Fargo & Company increased their target price on AON from $302.00 to $304.00 and gave the company an “equal weight” rating in a research report on Monday, October 31st. Citigroup increased their target price on AON from $339.00 to $340.00 and gave the company a “neutral” rating in a research report on Wednesday, February 8th. Finally, BMO Capital Markets began coverage on AON in a report on Thursday, January 19th. They issued a “market perform” rating and a $310.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $314.80.

AON Stock Down 0.1 %

Shares of AON opened at $302.59 on Tuesday. Aon plc has a 52-week low of $246.21 and a 52-week high of $341.98. The company has a market capitalization of $62.07 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.00 and a beta of 0.88. The stock has a fifty day simple moving average of $311.38 and a two-hundred day simple moving average of $296.53. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 12.27.

AON (NYSE:AON – Get Rating) last issued its earnings results on Friday, February 3rd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.22. AON had a return on equity of 1,165.31% and a net margin of 20.75%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the company earned $3.71 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts forecast that Aon plc will post 14.54 EPS for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Tuesday, January 31st. AON’s payout ratio is 18.48%.

AON Profile

(Get Rating)

Aon Plc operates as a global professional services firm. It provides advice and solutions to clients focused on risk, retirement, and health through the following products and services: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services.