Aon plc (NYSE:AON) Position Lessened by Fiduciary Group LLC

Fiduciary Group LLC trimmed its position in shares of Aon plc (NYSE:AON) by 8.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 25,870 shares of the financial services provider’s stock after selling 2,541 shares during the period. Fiduciary Group LLC’s holdings in AON were worth $7,529,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BKM Wealth Management LLC bought a new stake in AON in the fourth quarter worth approximately $25,000. Milestone Investment Advisors LLC bought a new stake in AON in the third quarter worth $30,000. Headlands Technologies LLC acquired a new position in AON during the third quarter worth $39,000. Bruce G. Allen Investments LLC bought a new position in AON during the fourth quarter valued at about $40,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of AON in the fourth quarter worth about $43,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Down 6.9 %

Shares of AON stock traded down $20.97 during mid-day trading on Friday, reaching $285.03. The stock had a trading volume of 4,566,608 shares, compared to its average volume of 882,672. Aon plc has a one year low of $268.06 and a one year high of $347.37. The firm has a market cap of $56.58 billion, a PE ratio of 22.34, a P/E/G ratio of 1.72 and a beta of 0.86. The firm’s 50 day simple moving average is $317.11 and its 200 day simple moving average is $314.06.

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

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio is 21.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Piper Sandler boosted their target price on AON from $306.00 to $326.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Royal Bank of Canada decreased their price objective on shares of AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a report on Monday, February 5th. TD Cowen began coverage on shares of AON in a report on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on shares of AON from $294.00 to $312.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Finally, Morgan Stanley lifted their price objective on AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $334.69.

Insiders Place Their Bets

In related news, Director Lester B. Knight purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average price 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 $40,463,980. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Lester B. Knight acquired 50,000 shares of the business’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 in the company, valued at $40,463,980. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lisa Stevens sold 13,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the completion of the sale, the insider now directly owns 10,073 shares in the company, valued at approximately $3,175,613.98. The disclosure for this sale can be found here. Insiders sold a total of 74,532 shares of company stock worth $23,335,805 over the last quarter. Company insiders own 1.15% of the company’s stock.

AON Company 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.