TABR Capital Management LLC Buys Shares of 3,623 Aon plc $AON

TABR Capital Management LLC bought a new position in shares of Aon plc (NYSE:AON) during the 4th quarter, Holdings Channel reports. The fund bought 3,623 shares of the financial services provider’s stock, valued at approximately $1,278,000.

Other large investors have also made changes to their positions in the company. Westside Investment Management Inc. lifted its stake in shares of AON by 100.0% in the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 35 shares during the period. Wealth Watch Advisors INC acquired a new position in AON during the third quarter worth about $25,000. Salomon & Ludwin LLC purchased a new position in AON in the third quarter valued at about $31,000. Eagle Bay Advisors LLC acquired a new stake in shares of AON during the 4th quarter valued at approximately $30,000. Finally, Strive Asset Management LLC purchased a new stake in shares of AON during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Citigroup raised their price objective on AON from $402.00 to $412.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. decreased their target price on AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Keefe, Bruyette & Woods lowered their target price on AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Evercore reaffirmed an “outperform” rating and set a $436.00 price target on shares of AON in a research note on Wednesday, January 7th. Finally, Barclays decreased their price objective on shares of AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $401.81.

Insider Buying and Selling at AON

In other news, General Counsel Darren Zeidel sold 5,040 shares of AON stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $325.79, for a total value of $1,641,981.60. Following the completion of the sale, the general counsel owned 20,254 shares of the company’s stock, valued at $6,598,550.66. The trade was a 19.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lester B. Knight bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was acquired at an average price of $319.24 per share, with a total value of $1,276,960.00. Following the completion of the purchase, the director directly owned 143,000 shares of the company’s stock, valued at approximately $45,651,320. The trade was a 2.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.10% of the company’s stock.

AON Price Performance

AON stock opened at $334.99 on Wednesday. The stock’s 50 day moving average price is $325.17 and its 200 day moving average price is $339.11. The firm has a market cap of $71.77 billion, a P/E ratio of 19.68, a PEG ratio of 1.81 and a beta of 0.83. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.03 and a current ratio of 2.03. Aon plc has a 1 year low of $304.59 and a 1 year high of $381.00.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.75 by $0.10. AON had a return on equity of 45.23% and a net margin of 21.51%.The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter last year, the business posted $4.42 earnings per share. AON’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts expect that Aon plc will post 18.98 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 1st. This is an increase from AON’s previous quarterly dividend of $0.75. AON’s dividend payout ratio is presently 17.51%.

About AON

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.