C WorldWide Group Holding A S Buys 54,166 Shares of Aon plc (NYSE:AON)

C WorldWide Group Holding A S raised its stake in Aon plc (NYSE:AON) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 828,764 shares of the financial services provider’s stock after acquiring an additional 54,166 shares during the period. AON comprises 3.2% of C WorldWide Group Holding A S’s holdings, making the stock its 14th largest position. C WorldWide Group Holding A S’s holdings in AON were worth $241,187,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Lazard Asset Management LLC raised its position in AON by 1.1% during the 3rd quarter. Lazard Asset Management LLC now owns 4,479,652 shares of the financial services provider’s stock valued at $1,452,390,000 after purchasing an additional 50,290 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of AON by 8.3% during the fourth quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock valued at $678,406,000 after acquiring an additional 179,238 shares in the last quarter. Northern Trust Corp boosted its holdings in AON by 0.8% in the third quarter. Northern Trust Corp now owns 2,244,909 shares of the financial services provider’s stock valued at $727,844,000 after acquiring an additional 18,500 shares in the last quarter. FMR LLC increased its position in AON by 3.8% during the 3rd quarter. FMR LLC now owns 1,523,946 shares of the financial services provider’s stock valued at $494,094,000 after purchasing an additional 55,703 shares during the period. Finally, Artisan Partners Limited Partnership lifted its position in shares of AON by 0.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,311,515 shares of the financial services provider’s stock worth $425,219,000 after purchasing an additional 7,093 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, insider Lisa Stevens sold 13,000 shares of the business’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 approximately $3,175,613.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other AON news, CFO Christa Davies sold 20,618 shares of AON stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $311.40, for a total value of $6,420,445.20. Following the sale, the chief financial officer now owns 159,570 shares of the company’s stock, valued at approximately $49,690,098. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lisa Stevens sold 13,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the completion of 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 90 days, insiders sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AON shares. UBS Group reduced their price target on shares of AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a research report on Monday, February 5th. Royal Bank of Canada lowered their target price on AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research note on Monday, February 5th. Piper Sandler upped their price target on AON from $306.00 to $326.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Keefe, Bruyette & Woods raised their price objective on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Finally, The Goldman Sachs Group decreased their price target on shares of AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $334.69.

AON Trading Down 6.9 %

NYSE AON traded down $20.97 during trading hours on Friday, hitting $285.03. 4,566,608 shares of the company’s stock traded hands, compared to its average volume of 882,672. Aon plc has a 52 week low of $268.06 and a 52 week high of $347.37. The firm has a market capitalization of $56.58 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.85 and a beta of 0.86. The business’s fifty day moving average price is $317.11 and its two-hundred day moving average price is $314.14.

AON (NYSE:AON) last announced its earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the business posted $5.17 earnings per share. AON’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts expect that Aon plc will post 15.82 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.95%. This is an increase from AON’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, April 30th. AON’s payout ratio is presently 19.71%.

AON Profile

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.