Lansforsakringar Fondforvaltning AB publ Has $22.76 Million Position in Aon plc $AON

Lansforsakringar Fondforvaltning AB publ boosted its position in shares of Aon plc (NYSE:AON) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,818 shares of the financial services provider’s stock after buying an additional 1,891 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in AON were worth $22,756,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westside Investment Management Inc. lifted its stake in shares of AON by 100.0% during the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 35 shares during the period. Heartwood Wealth Advisors LLC acquired a new stake in AON in the third quarter worth about $29,000. Atlantic Union Bankshares Corp bought a new stake in AON during the 2nd quarter worth about $31,000. Salomon & Ludwin LLC bought a new position in shares of AON in the 3rd quarter valued at about $31,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of AON during the 2nd quarter worth approximately $37,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. The Goldman Sachs Group set a $395.00 target price on shares of AON in a report on Wednesday, January 7th. Keefe, Bruyette & Woods raised their price target on AON from $410.00 to $416.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Cantor Fitzgerald increased their target price on AON from $393.00 to $412.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Jefferies Financial Group restated a “buy” rating and set a $408.00 target price on shares of AON in a research report on Monday, February 2nd. Finally, Morgan Stanley set a $400.00 price target on shares of AON in a research report on Tuesday, December 16th. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $409.75.

Insider Buying and Selling at AON

In related news, General Counsel Darren Zeidel sold 5,040 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $325.79, for a total transaction of $1,641,981.60. Following the completion of the transaction, the general counsel owned 20,254 shares in the company, valued at approximately $6,598,550.66. This represents a 19.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lester B. Knight purchased 4,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were acquired at an average cost of $319.24 per share, for a total transaction of $1,276,960.00. Following the completion of the transaction, the director directly owned 143,000 shares in the company, valued at approximately $45,651,320. This represents a 2.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

AON Price Performance

Shares of NYSE AON opened at $325.14 on Monday. The company has a fifty day moving average price of $341.99 and a 200 day moving average price of $350.53. The firm has a market cap of $69.67 billion, a PE ratio of 19.10, a PEG ratio of 1.71 and a beta of 0.83. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.55. Aon plc has a 1-year low of $304.59 and a 1-year high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 30th. The financial services provider reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.75 by $0.10. AON had a return on equity of 45.23% and a net margin of 21.51%.The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. During the same period in the prior year, the firm earned $4.42 earnings per share. AON’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a $0.745 dividend. The ex-dividend date was Monday, February 2nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s dividend payout ratio (DPR) is 17.51%.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.