Empirical Asset Management LLC Purchases 939 Shares of Aon plc (NYSE:AON)

Empirical Asset Management LLC boosted its position in shares of Aon plc (NYSE:AONFree Report) by 53.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,682 shares of the financial services provider’s stock after acquiring an additional 939 shares during the period. Empirical Asset Management LLC’s holdings in AON were worth $781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AON. Panagora Asset Management Inc. grew its holdings in shares of AON by 34.7% in the first quarter. Panagora Asset Management Inc. now owns 5,003 shares of the financial services provider’s stock valued at $1,629,000 after purchasing an additional 1,289 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in AON by 134.6% during the first quarter. Sequoia Financial Advisors LLC now owns 1,633 shares of the financial services provider’s stock worth $531,000 after buying an additional 937 shares during the period. Baird Financial Group Inc. boosted its stake in AON by 16.1% during the first quarter. Baird Financial Group Inc. now owns 28,451 shares of the financial services provider’s stock worth $9,264,000 after buying an additional 3,948 shares during the period. Zions Bancorporation N.A. boosted its stake in AON by 46.0% during the first quarter. Zions Bancorporation N.A. now owns 1,276 shares of the financial services provider’s stock worth $416,000 after buying an additional 402 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in AON by 5.2% during the first quarter. Brown Brothers Harriman & Co. now owns 4,544 shares of the financial services provider’s stock worth $1,480,000 after buying an additional 226 shares during the period. Institutional investors own 86.45% of the company’s stock.

AON Stock Performance

NYSE AON traded up $0.45 during trading hours on Thursday, reaching $326.52. The stock had a trading volume of 831,523 shares, compared to its average volume of 1,021,458. The stock has a fifty day moving average of $309.94 and a 200 day moving average of $316.86. The stock has a market cap of $64.75 billion, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. Aon plc has a 52-week low of $284.85 and a 52-week high of $347.37. The company has a debt-to-equity ratio of 61.66, a quick ratio of 1.27 and a current ratio of 1.27.

AON (NYSE:AONGet Free Report) last issued its earnings results on Friday, February 2nd. The financial services provider reported $3.89 EPS for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.36 billion. AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. AON’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.89 EPS. Sell-side analysts predict that Aon plc will post 15.78 earnings per share for the current year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, January 31st. AON’s payout ratio is presently 19.71%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank of Canada dropped their price objective on shares of AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research note on Monday, February 5th. TD Cowen assumed coverage on AON in a research report on Wednesday, January 10th. They set an “outperform” rating and a $390.00 target price for the company. BMO Capital Markets decreased their target price on AON from $350.00 to $325.00 and set a “market perform” rating for the company in a research report on Friday, December 22nd. Keefe, Bruyette & Woods downgraded AON from a “market perform” rating to an “underperform” rating and set a $328.00 target price for the company. in a research report on Friday, December 15th. Finally, UBS Group decreased their price objective on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $336.36.

View Our Latest Analysis on AON

Insider Buying and Selling at AON

In related news, Director Lester B. Knight purchased 50,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was bought at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the acquisition, the director now owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other AON news, Director Lester B. Knight bought 50,000 shares of AON stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the purchase, the director now directly owns 134,000 shares in the company, valued at approximately $40,463,980. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Lisa Stevens sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $315.26, for a total value of $4,098,380.00. Following the transaction, the insider now directly owns 10,073 shares of the company’s stock, valued at $3,175,613.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,532 shares of company stock valued at $23,335,805. 1.15% of the stock is owned by company insiders.

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.

Further Reading

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Institutional Ownership by Quarter for AON (NYSE:AON)

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