KB Financial Partners LLC purchased a new position in Aon plc (NYSE:AON – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,111 shares of the financial services provider’s stock, valued at approximately $666,000.
Other institutional investors have also made changes to their positions in the company. ZRC Wealth Management LLC acquired a new stake in shares of AON during the 1st quarter valued at $26,000. Milestone Investment Advisors LLC acquired a new stake in AON during the first quarter valued at $30,000. Quarry LP purchased a new position in AON in the first quarter valued at about $31,000. Park Place Capital Corp increased its position in AON by 211.4% in the 1st quarter. Park Place Capital Corp now owns 109 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 74 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of AON by 117.3% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 113 shares of the financial services provider’s stock valued at $34,000 after buying an additional 61 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at AON
In other AON news, Director Byron Spruell bought 800 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average cost of $324.57 per share, for a total transaction of $259,656.00. Following the transaction, the director now owns 4,001 shares in the company, valued at $1,298,604.57. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.15% of the company’s stock.
AON Price Performance
AON (NYSE:AON – Get Free Report) last released its earnings results on Friday, July 28th. The financial services provider reported $2.76 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.07). AON had a negative return on equity of 1,312.86% and a net margin of 20.78%. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the business earned $2.63 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts expect that Aon plc will post 14.26 EPS for the current year.
AON Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a dividend of $0.615 per share. The ex-dividend date was Monday, July 31st. This represents a $2.46 dividend on an annualized basis and a yield of 0.73%. AON’s dividend payout ratio is currently 19.16%.
Analyst Ratings Changes
AON has been the topic of several recent research reports. Bank of America raised their price objective on shares of AON from $365.00 to $380.00 in a research report on Sunday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of AON from $322.00 to $351.00 in a research note on Thursday, July 6th. Morgan Stanley reissued an “equal weight” rating and set a $340.00 target price on shares of AON in a research report on Tuesday, August 1st. Royal Bank of Canada reiterated a “sector perform” rating and set a $352.00 price target on shares of AON in a research note on Monday, July 31st. Finally, StockNews.com assumed coverage on AON in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, AON presently has a consensus rating of “Hold” and a consensus target price of $341.55.
Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health 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.
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