Aon plc $AON Shares Acquired by SRH Advisors LLC

SRH Advisors LLC lifted its position in Aon plc (NYSE:AON) by 14,331.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,309 shares of the financial services provider’s stock after buying an additional 2,293 shares during the period. SRH Advisors LLC’s holdings in AON were worth $639,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in AON by 11,179.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,026,135 shares of the financial services provider’s stock valued at $1,114,313,000 after buying an additional 3,990,441 shares during the last quarter. Bank of America Corp DE boosted its holdings in AON by 16.3% in the first quarter. Bank of America Corp DE now owns 1,582,680 shares of the financial services provider’s stock worth $510,857,000 after acquiring an additional 222,092 shares in the last quarter. Amundi grew its stake in shares of AON by 23.5% during the first quarter. Amundi now owns 1,502,890 shares of the financial services provider’s stock worth $485,103,000 after acquiring an additional 285,549 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of AON by 20.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,253,769 shares of the financial services provider’s stock worth $404,709,000 after acquiring an additional 213,051 shares during the last quarter. Finally, Ninety One UK Ltd increased its holdings in shares of AON by 419.8% during the third quarter. Ninety One UK Ltd now owns 836,932 shares of the financial services provider’s stock valued at $231,638,000 after acquiring an additional 675,919 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON traded down $3.33 during mid-day trading on Friday, hitting $303.47. 1,108,593 shares of the company were exchanged, compared to its average volume of 1,711,159. The stock has a market cap of $64.37 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 1.61 and a beta of 0.70. Aon plc has a 1-year low of $266.33 and a 1-year high of $382.34. The company has a 50 day moving average of $305.15 and a 200-day moving average of $325.24. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54.

AON (NYSE:AON) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.01. AON had a net margin of 22.27% and a return on equity of 42.13%. The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the previous year, the company posted $3.49 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that Aon plc will post 18.73 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, November 2nd. AON’s dividend payout ratio (DPR) is presently 18.08%.

Insider Activity

In related news, General Counsel Darren Zeidel sold 1,900 shares of AON stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total value of $717,744.00. Following the completion of the transaction, the general counsel owned 11,504 shares in the company, valued at approximately $4,345,751.04. The trade was a 14.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lester B. Knight acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were bought at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the transaction, the director directly owned 163,000 shares of the company’s stock, valued at approximately $53,379,240. This trade represents a 13.99% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AON shares. Mizuho lowered their price target on AON from $366.00 to $324.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Morgan Stanley cut their price objective on AON from $410.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. The Goldman Sachs Group raised their price objective on AON from $375.00 to $401.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. decreased their target price on AON from $412.00 to $362.00 and set an “overweight” rating for the company in a report on Thursday, October 1st. Finally, Piper Sandler dropped their target price on AON from $391.00 to $349.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 1st. Twelve analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $367.59.

AON Company Profile

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon’s human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.