International Assets Investment Management LLC Acquires New Holdings in Aon plc (NYSE:AON)

International Assets Investment Management LLC purchased a new stake in Aon plc (NYSE:AON) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 54,170 shares of the financial services provider’s stock, valued at approximately $157,650,000. AON accounts for approximately 0.5% of International Assets Investment Management LLC’s portfolio, making the stock its 21st biggest position.

Several other large investors have also recently modified their holdings of the business. Cubic Asset Management LLC bought a new position in AON during the 4th quarter worth $1,050,000. Oak Thistle LLC bought a new position in shares of AON during the fourth quarter worth about $3,203,000. James Hambro & Partners lifted its stake in shares of AON by 9.9% in the fourth quarter. James Hambro & Partners now owns 223,865 shares of the financial services provider’s stock worth $65,137,000 after acquiring an additional 20,239 shares during the period. Pathstone Family Office LLC increased its position in AON by 45.1% during the 3rd quarter. Pathstone Family Office LLC now owns 15,663 shares of the financial services provider’s stock valued at $5,081,000 after purchasing an additional 4,872 shares during the period. Finally, Bruce G. Allen Investments LLC bought a new position in AON during the 4th quarter worth approximately $40,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

NYSE:AON opened at $280.04 on Friday. The firm has a market capitalization of $60.89 billion, a P/E ratio of 21.95, a PEG ratio of 1.78 and a beta of 0.90. Aon plc has a one year low of $268.06 and a one year high of $347.37. The company’s 50-day simple moving average is $314.57 and its 200 day simple moving average is $312.92.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm earned $5.17 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts expect that Aon plc will post 15.59 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.675 dividend. This is an increase from AON’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a yield of 0.96%. AON’s dividend payout ratio is currently 21.16%.

Analysts Set New Price Targets

AON has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on shares of AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. TD Cowen began coverage on AON in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price objective on the stock. Piper Sandler decreased their target price on AON from $326.00 to $312.00 and set a “neutral” rating for the company in a research note on Monday. JPMorgan Chase & Co. boosted their price target on AON from $318.00 to $353.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, The Goldman Sachs Group lowered their price objective on shares of AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $329.69.

Insider Buying and Selling at AON

In other AON news, insider Michael Neller sold 750 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total value of $234,000.00. Following the transaction, the insider now directly owns 3,869 shares in the company, valued at $1,207,128. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Michael Neller sold 750 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the transaction, the insider now owns 3,869 shares of the company’s stock, valued at $1,207,128. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Stevens sold 13,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 10,073 shares of the company’s stock, valued at $3,175,613.98. The disclosure for this sale can be found here. Insiders sold a total of 74,532 shares of company stock worth $23,335,805 in the last three months. 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.