Proficio Capital Partners LLC Has $339,000 Stake in Aon plc (NYSE:AON)

Proficio Capital Partners LLC boosted its holdings in shares of Aon plc (NYSE:AONFree Report) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,016 shares of the financial services provider’s stock after buying an additional 38 shares during the period. Proficio Capital Partners LLC’s holdings in AON were worth $339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AON. Integrated Advisors Network LLC increased its stake in AON by 5.1% in the third quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 32 shares during the period. Signaturefd LLC raised its holdings in shares of AON by 1.8% in the 4th quarter. Signaturefd LLC now owns 2,149 shares of the financial services provider’s stock worth $625,000 after buying an additional 38 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of AON by 3.1% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,246 shares of the financial services provider’s stock worth $363,000 after buying an additional 38 shares during the period. Fisher Asset Management LLC boosted its stake in AON by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 1,724 shares of the financial services provider’s stock valued at $502,000 after buying an additional 39 shares in the last quarter. Finally, UMB Bank n.a. grew its position in AON by 2.0% in the fourth quarter. UMB Bank n.a. now owns 2,010 shares of the financial services provider’s stock valued at $585,000 after acquiring an additional 40 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

NYSE:AON traded up $0.67 on Wednesday, hitting $293.83. 140,978 shares of the stock were exchanged, compared to its average volume of 1,287,385. The stock has a market capitalization of $63.89 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 1.98 and a beta of 0.91. Aon plc has a 52 week low of $268.06 and a 52 week high of $344.68. The company’s 50-day moving average price is $289.22 and its 200 day moving average price is $301.91.

AON (NYSE:AONGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing the consensus estimate of $5.86 by ($0.20). AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the prior year, the company earned $5.17 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that Aon plc will post 15.46 earnings per share for the current year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Tuesday, April 30th. This is an increase from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio is currently 21.16%.

Wall Street Analysts Forecast Growth

AON has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $311.00 target price on shares of AON in a research note on Tuesday, May 28th. Keefe, Bruyette & Woods upped their price objective on shares of AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. Wells Fargo & Company reduced their target price on AON from $289.00 to $287.00 and set an “underweight” rating on the stock in a report on Tuesday, July 2nd. Piper Sandler dropped their price target on AON from $326.00 to $312.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Finally, Bank of America lowered AON from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $345.00 to $306.00 in a research note on Wednesday, May 22nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $321.71.

Read Our Latest Report on AON

Insider Buying and Selling at AON

In related news, Director Lester B. Knight purchased 10,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $276.61 per share, with a total value of $2,766,100.00. Following the purchase, the director now directly owns 139,000 shares in the company, valued at approximately $38,448,790. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.15% of the company’s stock.

About AON

(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.

See Also

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Institutional Ownership by Quarter for AON (NYSE:AON)

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