Beirne Wealth Consulting Services LLC Purchases Shares of 2,596 Aon plc $AON

Beirne Wealth Consulting Services LLC bought a new position in shares of Aon plc (NYSE:AON) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,596 shares of the financial services provider’s stock, valued at approximately $926,000.

A number of other large investors also recently added to or reduced their stakes in AON. Westside Investment Management Inc. grew its holdings in AON by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after buying an additional 35 shares in the last quarter. Heartwood Wealth Advisors LLC bought a new position in shares of AON during the third quarter worth $29,000. Atlantic Union Bankshares Corp bought a new stake in AON in the 2nd quarter valued at $31,000. Salomon & Ludwin LLC purchased a new stake in AON in the 3rd quarter worth $31,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of AON during the 2nd quarter valued at about $37,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AON

In related news, Director Lester B. Knight purchased 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was purchased at an average price of $319.24 per share, with a total value of $1,276,960.00. Following the completion of the purchase, the director owned 143,000 shares of the company’s stock, valued at approximately $45,651,320. The trade was a 2.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. TD Cowen decreased their target price on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Jefferies Financial Group reiterated a “buy” rating and set a $408.00 target price on shares of AON in a research report on Monday, February 2nd. Wells Fargo & Company reduced their price target on shares of AON from $448.00 to $443.00 and set an “overweight” rating on the stock in a research report on Sunday, February 1st. Roth Mkm reaffirmed a “buy” rating and set a $390.00 price target on shares of AON in a research note on Tuesday, November 4th. Finally, Mizuho set a $398.00 price objective on shares of AON in a research note on Tuesday, February 3rd. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $409.75.

AON Stock Performance

Shares of AON stock opened at $321.15 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 2.03 and a debt-to-equity ratio of 1.55. The stock’s fifty day moving average is $343.76 and its two-hundred day moving average is $351.53. Aon plc has a 52 week low of $304.59 and a 52 week high of $412.97. The company has a market capitalization of $69.03 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.65 and a beta of 0.83.

AON (NYSE:AON) last released its earnings results 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. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. AON had a return on equity of 45.23% and a net margin of 21.51%.The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $4.42 earnings per share. As a group, analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

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

AON Profile

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.