Aon plc $AON Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in shares of Aon plc (NYSE:AON) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,652 shares of the financial services provider’s stock after selling 2,045 shares during the quarter. Victory Capital Management Inc.’s holdings in AON were worth $23,767,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AON. Evercore reissued an “outperform” rating and issued a $436.00 price objective on shares of AON in a report on Wednesday, January 7th. Wells Fargo & Company decreased their price objective on shares of AON from $448.00 to $443.00 and set an “overweight” rating for the company in a report on Sunday, February 1st. Mizuho upgraded shares of AON from a “neutral” rating to an “outperform” rating and set a $397.00 price target on the stock in a research report on Friday, February 27th. The Goldman Sachs Group set a $395.00 price objective on shares of AON in a research report on Wednesday, January 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $408.00 target price on shares of AON in a report on Monday, February 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $408.94.

AON Price Performance

NYSE AON opened at $333.08 on Tuesday. The company has a 50-day moving average price of $337.13 and a two-hundred day moving average price of $347.72. The stock has a market cap of $71.37 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82. 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 52 week low of $304.59 and a 52 week high of $407.07.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 30th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.75 by $0.10. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates 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 in the prior year, the company posted $4.42 EPS. Analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given 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%.

Insider Transactions at AON

In other news, General Counsel Darren Zeidel sold 5,040 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $325.79, for a total value of $1,641,981.60. Following the completion of the sale, the general counsel directly owned 20,254 shares of the company’s stock, valued at approximately $6,598,550.66. This represents a 19.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lester B. Knight acquired 4,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were bought at an average price of $319.24 per share, for a total transaction of $1,276,960.00. Following the purchase, the director directly owned 143,000 shares of the company’s stock, valued at approximately $45,651,320. This trade represents a 2.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

AON Company 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.