HB Wealth Management LLC Decreases Holdings in Aon plc (NYSE:AON)

HB Wealth Management LLC cut its holdings in shares of Aon plc (NYSE:AONFree Report) by 7.8% during the 4th quarter, HoldingsChannel reports. The fund owned 2,546 shares of the financial services provider’s stock after selling 214 shares during the quarter. HB Wealth Management LLC’s holdings in AON were worth $741,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its stake in shares of AON by 17.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 590 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 87 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of AON by 4.9% in the second quarter. Stephens Inc. AR now owns 38,046 shares of the financial services provider’s stock worth $13,134,000 after purchasing an additional 1,788 shares during the last quarter. Pathstone Family Office LLC grew its holdings in shares of AON by 45.1% in the third quarter. Pathstone Family Office LLC now owns 15,663 shares of the financial services provider’s stock worth $5,081,000 after purchasing an additional 4,872 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of AON by 78.0% in the third quarter. Salem Investment Counselors Inc. now owns 397 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 174 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of AON by 5.8% in the second quarter. Lazard Asset Management LLC now owns 4,429,362 shares of the financial services provider’s stock worth $1,529,014,000 after purchasing an additional 243,371 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AON

In other news, insider Lisa Stevens sold 13,000 shares of AON stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the transaction, the insider now owns 10,073 shares of the company’s stock, valued at approximately $3,175,613.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other AON news, CFO Christa Davies sold 20,618 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $311.40, for a total value of $6,420,445.20. Following the completion of the transaction, the chief financial officer now owns 159,570 shares of the company’s stock, valued at approximately $49,690,098. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lisa Stevens sold 13,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the transaction, the insider now directly owns 10,073 shares of the company’s stock, valued at approximately $3,175,613.98. 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 in the last quarter. 1.15% of the stock is owned by insiders.

AON Stock Performance

Shares of AON stock opened at $329.92 on Wednesday. Aon plc has a 12 month low of $284.85 and a 12 month high of $347.37. The stock has a market cap of $65.42 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.27 and a beta of 0.86. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 61.66. The company’s fifty day moving average price is $311.57 and its 200-day moving average price is $316.63.

AON (NYSE:AONGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.07 by ($0.18). The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.36 billion. AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. AON’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.89 EPS. On average, equities analysts expect that Aon plc will post 15.78 EPS for the current fiscal year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were given a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, January 31st. AON’s dividend payout ratio is presently 19.71%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AON. UBS Group cut their target price on shares of AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a report on Monday, February 5th. JPMorgan Chase & Co. upgraded shares of AON from a “neutral” rating to an “overweight” rating and cut their price target for the company from $351.00 to $321.00 in a report on Monday, January 8th. BMO Capital Markets cut their price target on shares of AON from $350.00 to $325.00 and set a “market perform” rating on the stock in a report on Friday, December 22nd. The Goldman Sachs Group cut their price target on shares of AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a report on Tuesday, January 9th. Finally, Piper Sandler lifted their price target on shares of AON from $306.00 to $326.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $336.36.

Read Our Latest Stock Analysis on AON

About AON

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon plc (NYSE:AONFree Report).

Institutional Ownership by Quarter for AON (NYSE:AON)

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