Grove Street Fiduciary LLC Invests $207,000 in Aon plc (NYSE:AON)

Grove Street Fiduciary LLC bought a new stake in Aon plc (NYSE:AON) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 576 shares of the financial services provider’s stock, valued at approximately $207,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. bought a new stake in AON in the 3rd quarter worth approximately $336,375,000. State Street Corp lifted its holdings in shares of AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after acquiring an additional 32,417 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of AON by 5.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock valued at $9,530,000 after purchasing an additional 1,451 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of AON by 13.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock valued at $57,345,000 after purchasing an additional 20,084 shares during the last quarter. Finally, Retireful LLC purchased a new position in AON in the 3rd quarter worth $759,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AON. Wells Fargo & Company upped their price target on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. TD Cowen raised their price target on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Keefe, Bruyette & Woods boosted their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Royal Bank of Canada upped their price target on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $386.21.

AON Trading Down 0.5 %

AON opened at $393.04 on Friday. The stock has a market cap of $84.90 billion, a PE ratio of 31.05, a PEG ratio of 2.15 and a beta of 0.93. The business has a 50 day moving average of $367.99 and a 200-day moving average of $361.10. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.65. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the firm posted $3.89 EPS. Equities research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s payout ratio is 21.33%.

Insider Buying and Selling

In related news, insider Lisa Stevens sold 1,275 shares of the company’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 transaction, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. The trade was a 13.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

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.