965 Shares in Aon plc (NYSE:AON) Purchased by GUNN & Co INVESTMENT MANAGEMENT INC.

GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in shares of Aon plc (NYSE:AON) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 965 shares of the financial services provider’s stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AON. BKM Wealth Management LLC bought a new stake in AON during the fourth quarter valued at approximately $25,000. Milestone Investment Advisors LLC bought a new stake in shares of AON during the 3rd quarter worth $30,000. Headlands Technologies LLC purchased a new position in AON in the third quarter worth $39,000. Bruce G. Allen Investments LLC bought a new position in AON in the fourth quarter valued at $40,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in AON during the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity

In related news, Director Lester B. Knight purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was bought at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the purchase, the director now directly owns 134,000 shares in the company, valued at $40,463,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Lester B. Knight purchased 50,000 shares of AON stock in a transaction that occurred on Wednesday, February 7th. The shares were bought at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the purchase, the director now directly owns 134,000 shares in the company, valued at $40,463,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christa Davies sold 40,164 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $313.29, for a total value of $12,582,979.56. Following the transaction, the chief financial officer now directly owns 159,570 shares of the company’s stock, valued at approximately $49,991,685.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,532 shares of company stock valued at $23,335,805. Corporate insiders own 1.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AON shares. Morgan Stanley increased their price objective on AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. TD Cowen assumed coverage on shares of AON in a research report on Wednesday, January 10th. They set an “outperform” rating and a $390.00 price target on the stock. Royal Bank of Canada lowered their price objective on shares of AON from $325.00 to $315.00 and set a “sector perform” rating for the company in a report on Monday, April 29th. Piper Sandler reduced their target price on shares of AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Finally, Wells Fargo & Company lowered their price target on shares of AON from $300.00 to $289.00 and set an “underweight” rating for the company in a research note on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $329.69.

AON Price Performance

NYSE AON opened at $279.97 on Monday. Aon plc has a 1 year low of $268.06 and a 1 year high of $347.37. The stock has a market capitalization of $60.87 billion, a PE ratio of 21.94, a PEG ratio of 1.77 and a beta of 0.90. The business’s 50-day moving average is $313.86 and its 200 day moving average is $312.39.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share 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 business 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 business posted $5.17 earnings per share. AON’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Aon plc will post 15.59 earnings per share for the current year.

AON Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a yield of 0.96%. AON’s dividend payout ratio is 21.16%.

AON Company Profile

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.