Equitable Trust Co. Cuts Stake in Aon plc (NYSE:AON)

Equitable Trust Co. lowered its position in Aon plc (NYSE:AON) by 32.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,177 shares of the financial services provider’s stock after selling 3,507 shares during the quarter. Equitable Trust Co.’s holdings in AON were worth $2,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of AON. Valley Wealth Managers Inc. boosted its stake in shares of AON by 3.3% during the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 28 shares during the period. CVA Family Office LLC boosted its stake in shares of AON by 8.4% during the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 29 shares during the period. Amplius Wealth Advisors LLC boosted its stake in shares of AON by 2.4% during the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 31 shares during the period. Intellectus Partners LLC boosted its stake in shares of AON by 3.2% during the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 31 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of AON by 5.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 673 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Royal Bank of Canada upped their target price on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Barclays upped their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. BMO Capital Markets upped their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods increased their price objective on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, AON currently has an average rating of “Hold” and an average price target of $386.21.

AON Trading Down 0.2 %

NYSE AON opened at $385.69 on Tuesday. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33. The stock has a market cap of $83.41 billion, a P/E ratio of 30.47, a P/E/G ratio of 2.09 and a beta of 0.93. The stock’s fifty day moving average price is $365.32 and its 200-day moving average price is $357.42. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates 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 company earned $3.89 EPS. As a group, equities analysts forecast that Aon plc will post 17.24 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors 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 0.70%. AON’s dividend payout ratio (DPR) is presently 21.33%.

Insider Activity at AON

In related news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction, the insider now owns 8,077 shares of the company’s stock, valued at approximately $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. 1.30% of the stock is currently owned by insiders.

AON Profile

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.