Victory Capital Management Inc. Has $22.29 Million Stock Holdings in Aon plc (NYSE:AON)

Victory Capital Management Inc. lowered its stake in shares of Aon plc (NYSE:AON) by 22.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,595 shares of the financial services provider’s stock after selling 22,597 shares during the period. Victory Capital Management Inc.’s holdings in AON were worth $22,291,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cubic Asset Management LLC acquired a new position in shares of AON during the 4th quarter worth about $1,050,000. Cerity Partners LLC boosted its stake in shares of AON by 177.4% during the 4th quarter. Cerity Partners LLC now owns 18,461 shares of the financial services provider’s stock worth $5,372,000 after acquiring an additional 11,806 shares during the period. Atria Wealth Solutions Inc. increased its holdings in shares of AON by 6.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 1,837 shares of the financial services provider’s stock worth $535,000 after acquiring an additional 110 shares during the last quarter. Oak Thistle LLC acquired a new stake in AON during the 4th quarter valued at $3,203,000. Finally, James Hambro & Partners boosted its position in AON by 9.9% during the fourth quarter. James Hambro & Partners now owns 223,865 shares of the financial services provider’s stock worth $65,137,000 after purchasing an additional 20,239 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AON

In other AON news, CFO Christa Davies sold 40,164 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $313.29, for a total transaction of $12,582,979.56. Following the sale, the chief financial officer now owns 159,570 shares of the company’s stock, valued at $49,991,685.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Michael Neller sold 750 shares of AON stock in a transaction 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 completion of the sale, the insider now owns 3,869 shares in the company, valued at approximately $1,207,128. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Christa Davies sold 40,164 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $313.29, for a total transaction of $12,582,979.56. Following the transaction, the chief financial officer now directly owns 159,570 shares in the company, valued at $49,991,685.30. The disclosure for this sale can be found here. Insiders sold a total of 74,532 shares of company stock worth $23,335,805 over the last three months. 1.15% of the stock is owned by company insiders.

Analyst Ratings Changes

AON has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Piper Sandler dropped their price objective on AON from $326.00 to $312.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Morgan Stanley upped their price target on shares of AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Bank of America decreased their price objective on shares of AON from $378.00 to $345.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Finally, TD Cowen began coverage on AON in a research note on Wednesday, January 10th. They set an “outperform” rating and a $390.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $329.69.

AON Stock Down 1.6 %

Shares of AON opened at $283.81 on Thursday. The business has a 50-day simple moving average of $312.74 and a two-hundred day simple moving average of $311.97. Aon plc has a 12-month low of $268.06 and a 12-month high of $347.37. The stock has a market cap of $61.71 billion, a PE ratio of 22.24, a PEG ratio of 1.77 and a beta of 0.90.

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

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.675 dividend. This is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Tuesday, April 30th. AON’s dividend payout ratio is currently 21.16%.

AON 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.