Fiera Capital Corp lifted its stake in Aon plc (NYSE:AON – Get Rating) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,940 shares of the financial services provider’s stock after purchasing an additional 674 shares during the quarter. Fiera Capital Corp owned about 0.06% of AON worth $36,950,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. NovaPoint Capital LLC bought a new position in AON in the 4th quarter valued at approximately $209,000. Steward Partners Investment Advisory LLC lifted its position in AON by 32.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,297 shares of the financial services provider’s stock valued at $690,000 after acquiring an additional 558 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its position in AON by 7.1% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,372 shares of the financial services provider’s stock valued at $412,000 after acquiring an additional 91 shares in the last quarter. Ausdal Financial Partners Inc. bought a new position in AON in the 4th quarter valued at approximately $386,000. Finally, GraniteShares Advisors LLC bought a new position in AON in the 4th quarter valued at approximately $321,000. 88.17% of the stock is currently owned by hedge funds and other institutional investors.
AON stock traded down $29.39 during trading on Friday, reaching $287.99. The company’s stock had a trading volume of 1,928,640 shares, compared to its average volume of 854,847. Aon plc has a 1 year low of $223.19 and a 1 year high of $341.98. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 7.11. The company has a market capitalization of $63.45 billion, a P/E ratio of 51.70 and a beta of 0.91. The company’s fifty day moving average is $312.77 and its 200-day moving average is $299.80.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 13th. Shareholders of record on Monday, May 2nd will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, April 29th. This is an increase from AON’s previous quarterly dividend of $0.51. AON’s dividend payout ratio is 36.62%.
AON announced that its Board of Directors has initiated a stock buyback program on Friday, February 18th that permits the company to repurchase $7.50 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 11.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
Several equities analysts have recently weighed in on the company. Wells Fargo & Company lowered their price target on AON from $326.00 to $321.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 4th. Evercore ISI cut AON from an “in-line” rating to an “underperform” rating and increased their price target for the company from $288.00 to $292.00 in a report on Thursday, January 6th. StockNews.com assumed coverage on AON in a report on Thursday, March 31st. They set a “hold” rating on the stock. Piper Sandler lowered their price target on AON from $325.00 to $295.00 and set a “neutral” rating on the stock in a report on Monday, January 24th. Finally, Zacks Investment Research raised AON from a “hold” rating to a “buy” rating and set a $350.00 price target on the stock in a report on Monday, April 11th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $306.67.
In related news, President Eric Andersen sold 7,500 shares of the stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $282.57, for a total value of $2,119,275.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christa Davies sold 616 shares of the stock in a transaction dated Monday, February 14th. The shares were sold at an average price of $283.72, for a total transaction of $174,771.52. The disclosure for this sale can be found here. Insiders have sold a total of 42,390 shares of company stock valued at $11,982,022 in the last three months. Insiders own 0.99% of the company’s stock.
AON Company Profile (Get Rating)
Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.
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