FSM Wealth Advisors LLC Raises Stock Holdings in Aon plc (NYSE:AON)

FSM Wealth Advisors LLC increased its stake in shares of Aon plc (NYSE:AON) by 6.1% in the 4th quarter, Holdings Channel reports. The firm owned 682 shares of the financial services provider’s stock after buying an additional 39 shares during the period. FSM Wealth Advisors LLC’s holdings in AON were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Truist Financial Corp increased its position in AON by 4.2% during the second quarter. Truist Financial Corp now owns 25,980 shares of the financial services provider’s stock valued at $7,627,000 after acquiring an additional 1,036 shares during the last quarter. AMF Tjanstepension AB purchased a new position in shares of AON during the 3rd quarter worth $20,856,000. Czech National Bank grew its position in shares of AON by 6.8% during the 3rd quarter. Czech National Bank now owns 44,254 shares of the financial services provider’s stock valued at $15,311,000 after acquiring an additional 2,821 shares during the period. Handelsbanken Fonder AB increased its stake in shares of AON by 0.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 54,478 shares of the financial services provider’s stock worth $18,849,000 after purchasing an additional 396 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in AON by 78.9% during the third quarter. GAMMA Investing LLC now owns 880 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 388 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of AON stock opened at $375.29 on Tuesday. The stock has a market cap of $81.16 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The stock has a 50 day moving average price of $366.35 and a 200-day moving average price of $354.50. Aon plc has a one year low of $268.06 and a one year high of $395.33. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period in the prior year, the company earned $3.89 earnings per share. Equities analysts expect that Aon plc will post 17.39 EPS for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.675 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.72%. AON’s dividend payout ratio (DPR) is 21.33%.

Insider Transactions at AON

In related news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AON. Barclays boosted their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Jefferies Financial Group raised their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday. TD Cowen increased their price objective on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Finally, Royal Bank of Canada raised their target price on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $380.80.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.