Kornitzer Capital Management Inc. KS Cuts Stock Holdings in Aon plc (NYSE:AON)

Kornitzer Capital Management Inc. KS cut its holdings in shares of Aon plc (NYSE:AON) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,839 shares of the financial services provider’s stock after selling 1,025 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in AON were worth $16,104,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new position in shares of AON in the 4th quarter valued at $29,000. Richardson Financial Services Inc. grew its stake in AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares during the last quarter. Anchor Investment Management LLC raised its holdings in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. First Personal Financial Services bought a new stake in shares of AON in the 3rd quarter valued at about $37,000. Finally, R Squared Ltd purchased a new position in shares of AON in the 4th quarter worth approximately $43,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AON

In other AON news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were 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 owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. This trade represents a 13.63 % 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.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. 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, February 3rd. TD Cowen upped their target price on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Barclays increased their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Wells Fargo & Company upped their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, AON currently has an average rating of “Hold” and an average price target of $386.21.

AON Trading Down 0.8 %

Shares of AON stock opened at $387.22 on Tuesday. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05. The stock has a market cap of $83.74 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93. The firm has a fifty day moving average price of $365.76 and a 200 day moving average price of $359.79.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the firm posted $3.89 earnings per share. Equities research analysts predict that Aon plc will post 17.24 earnings per share for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.70%. AON’s payout ratio is 21.33%.

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.