1,458 Shares in Aon plc (NYSE:AON) Bought by Sapient Capital LLC

Sapient Capital LLC purchased a new stake in shares of Aon plc (NYSE:AON) during the fourth quarter, HoldingsChannel reports. The fund purchased 1,458 shares of the financial services provider’s stock, valued at approximately $424,000.

Other hedge funds have also recently made changes to their positions in the company. BKM Wealth Management LLC purchased a new position in AON in the 4th quarter worth approximately $25,000. Milestone Investment Advisors LLC bought a new stake in shares of AON during the third quarter valued at approximately $30,000. Quarry LP purchased a new position in shares of AON in the first quarter worth $31,000. Headlands Technologies LLC bought a new position in shares of AON during the third quarter worth $39,000. Finally, Bruce G. Allen Investments LLC purchased a new position in AON during the fourth quarter valued at $40,000. Institutional investors own 86.14% of the company’s stock.

AON Trading Down 1.0 %

AON stock opened at $308.00 on Monday. The firm has a market capitalization of $61.08 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 1.87 and a beta of 0.86. Aon plc has a 12-month low of $284.85 and a 12-month high of $347.37. The firm has a 50-day moving average price of $317.49 and a 200-day moving average price of $315.35.

AON (NYSE:AON) last released its earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing the consensus estimate of $4.07 by ($0.18). The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.36 billion. AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.89 earnings per share. As a group, sell-side analysts predict that Aon plc will post 15.77 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.675 dividend. This is an increase from AON’s previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a yield of 0.88%. AON’s dividend payout ratio is currently 19.71%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of AON from $318.00 to $353.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods raised their price target on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. BMO Capital Markets decreased their price objective on 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 target price on shares of AON from $350.00 to $310.00 and set a “neutral” rating for the company in a report on Tuesday, January 9th. Finally, Piper Sandler upped their price target on shares of AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $337.50.

Insider Transactions at AON

In other news, Director Lester B. Knight purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the completion of the acquisition, the director now owns 134,000 shares of the company’s stock, valued at $40,463,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Lester B. Knight acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $301.97 per share, for a total transaction of $15,098,500.00. Following the completion of the acquisition, the director now directly owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lisa Stevens sold 13,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the transaction, the insider now owns 10,073 shares in the company, valued at $3,175,613.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,532 shares of company stock valued at $23,335,805. 1.15% of the stock is currently 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.