Aon plc (NYSE:AON) Position Increased by Bison Wealth LLC

Bison Wealth LLC raised its position in shares of Aon plc (NYSE:AON) by 21.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,982 shares of the financial services provider’s stock after buying an additional 695 shares during the quarter. Bison Wealth LLC’s holdings in AON were worth $1,159,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its stake in AON by 1.1% during the third 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 buying an additional 50,290 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in AON by 106,777.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,817,279 shares of the financial services provider’s stock valued at $845,578,000 after buying an additional 2,814,643 shares in the last quarter. Northern Trust Corp lifted its stake in AON by 0.8% during 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 buying an additional 18,500 shares in the last quarter. Morgan Stanley lifted its stake in AON by 38.7% during the fourth quarter. Morgan Stanley now owns 2,223,478 shares of the financial services provider’s stock valued at $667,355,000 after buying an additional 620,067 shares in the last quarter. Finally, FMR LLC lifted its position in shares of AON by 3.8% in the third quarter. FMR LLC now owns 1,523,946 shares of the financial services provider’s stock worth $494,094,000 after purchasing an additional 55,703 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AON. The Goldman Sachs Group reduced their price target on shares of AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, January 9th. Royal Bank of Canada reduced their price target on shares of AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research report on Monday, February 5th. BMO Capital Markets reduced their price target on shares of AON from $350.00 to $325.00 and set a “market perform” rating for the company in a research report on Friday, December 22nd. TD Cowen started coverage on AON in a report on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price objective on the stock. Finally, Wells Fargo & Company dropped their price objective on AON from $304.00 to $295.00 and set an “underweight” rating on the stock in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, AON has a consensus rating of “Hold” and a consensus price target of $335.36.

Insider Activity

In other news, Director Lester B. Knight bought 50,000 shares of AON stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the transaction, 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 can be accessed through the SEC website. In other news, Director Lester B. Knight bought 50,000 shares of AON stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the transaction, 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 can be accessed through the SEC website. Also, insider Michael Neller sold 750 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the transaction, the insider now directly owns 3,869 shares of the company’s stock, valued at $1,207,128. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,532 shares of company stock valued at $23,335,805. 1.15% of the stock is owned by company insiders.

AON Trading Down 0.9 %

AON opened at $305.18 on Tuesday. Aon plc has a 1-year low of $284.85 and a 1-year high of $347.37. The stock has a market capitalization of $60.52 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 1.87 and a beta of 0.86. The business has a 50 day moving average of $317.66 and a 200-day moving average of $315.18.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing the consensus estimate of $4.07 by ($0.18). AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the prior year, the company posted $3.89 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities analysts predict that Aon plc will post 15.77 EPS for the current 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 0.88%. This is a boost from AON’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, April 30th. AON’s dividend payout ratio is currently 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.