Sanctuary Advisors LLC Increases Stake in Aon plc $AON

Sanctuary Advisors LLC increased its holdings in Aon plc (NYSE:AON) by 15.0% during the first quarter, Holdings Channel.com reports. The firm owned 18,119 shares of the financial services provider’s stock after acquiring an additional 2,366 shares during the quarter. Sanctuary Advisors LLC’s holdings in AON were worth $5,849,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Sound View Wealth Advisors Group LLC grew its stake in shares of AON by 1.5% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock valued at $683,000 after buying an additional 29 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in shares of AON by 2.1% in the fourth quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock worth $558,000 after buying an additional 32 shares during the period. City National Bank of Florida MSD lifted its stake in shares of AON by 3.8% in the 4th quarter. City National Bank of Florida MSD now owns 867 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 32 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in AON by 1.8% during the 4th quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock valued at $664,000 after acquiring an additional 33 shares during the period. Finally, Salomon & Ludwin LLC grew its position in AON by 39.3% during the 4th quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 33 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Transactions at AON

In other AON news, General Counsel Darren Zeidel sold 600 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $360.00, for a total value of $216,000.00. Following the completion of the transaction, the general counsel directly owned 15,354 shares in the company, valued at approximately $5,527,440. This represents a 3.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of AON in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised their target price on shares of AON from $396.00 to $412.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Mizuho lifted their target price on shares of AON from $389.00 to $426.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Cantor Fitzgerald increased their price target on shares of AON from $416.00 to $445.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, Piper Sandler lowered shares of AON from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $355.00 to $377.00 in a report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, AON currently has a consensus rating of “Moderate Buy” and a consensus price target of $404.56.

AON Trading Down 0.5%

AON opened at $366.69 on Friday. Aon plc has a one year low of $304.59 and a one year high of $381.00. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95. The business has a 50 day simple moving average of $332.19 and a two-hundred day simple moving average of $331.19. The firm has a market capitalization of $78.32 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.92 and a beta of 0.71.

AON (NYSE:AON) last posted its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.37 by $0.11. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.67 earnings per share. Analysts predict that Aon plc will post 19.09 EPS for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be issued a $0.82 dividend. The ex-dividend date is Monday, August 3rd. This represents a $3.28 annualized dividend and a yield of 0.9%. AON’s payout ratio is 18.00%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.