Logan Capital Management Inc. Boosts Stake in Aon plc (NYSE:AON)

Logan Capital Management Inc. increased its holdings in Aon plc (NYSE:AONFree Report) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,257 shares of the financial services provider’s stock after buying an additional 309 shares during the quarter. Logan Capital Management Inc.’s holdings in AON were worth $1,530,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BKM Wealth Management LLC bought a new position in AON in the fourth quarter worth approximately $25,000. Frazier Financial Advisors LLC bought a new position in shares of AON during the 4th quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new stake in AON in the 3rd quarter worth approximately $39,000. Bruce G. Allen Investments LLC bought a new stake in AON during the 4th quarter worth approximately $40,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in AON during the fourth quarter valued at approximately $43,000. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AON shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $311.00 price objective on shares of AON in a research report on Tuesday, May 28th. Piper Sandler cut their target price on AON from $326.00 to $312.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Keefe, Bruyette & Woods boosted their price target on AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Citigroup initiated coverage on shares of AON in a report on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 price objective for the company. Finally, Morgan Stanley upped their target price 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. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, AON currently has a consensus rating of “Hold” and an average price target of $321.86.

View Our Latest Analysis on AON

Insider Buying and Selling

In other news, Director Lester B. Knight acquired 10,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was acquired at an average price of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the purchase, the director now directly owns 139,000 shares in the company, valued at $38,448,790. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.15% of the stock is owned by corporate insiders.

AON Price Performance

Shares of NYSE AON opened at $287.14 on Tuesday. Aon plc has a 1-year low of $268.06 and a 1-year high of $347.37. The business’s 50 day moving average is $294.83 and its two-hundred day moving average is $305.41. The stock has a market capitalization of $62.43 billion, a P/E ratio of 22.50, a PEG ratio of 1.88 and a beta of 0.91.

AON (NYSE:AONGet Free Report) last released its earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing the consensus estimate of $5.86 by ($0.20). The company 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%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.17 EPS. As a group, equities research analysts anticipate that Aon plc will post 15.48 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio (DPR) is 21.16%.

AON Company Profile

(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

Institutional Ownership by Quarter for AON (NYSE:AON)

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