Aon plc (NYSE:AON) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. reduced its position in Aon plc (NYSE:AON) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,440 shares of the financial services provider’s stock after selling 71 shares during the quarter. Wrapmanager Inc.’s holdings in AON were worth $419,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cubic Asset Management LLC acquired a new stake in shares of AON during the 4th quarter valued at approximately $1,050,000. Cerity Partners LLC lifted its position in shares of AON by 177.4% in the 4th quarter. Cerity Partners LLC now owns 18,461 shares of the financial services provider’s stock worth $5,372,000 after buying an additional 11,806 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of AON by 6.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,837 shares of the financial services provider’s stock valued at $535,000 after buying an additional 110 shares during the period. Oak Thistle LLC acquired a new stake in AON during the fourth quarter worth about $3,203,000. Finally, James Hambro & Partners lifted its holdings in AON by 9.9% in the fourth quarter. James Hambro & Partners now owns 223,865 shares of the financial services provider’s stock worth $65,137,000 after acquiring an additional 20,239 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AON shares. UBS Group lowered their price objective on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a research note on Monday, February 5th. Wells Fargo & Company lowered their price target on shares of AON from $300.00 to $289.00 and set an “underweight” rating for the company in a research report on Monday, April 29th. Bank of America reduced their target price on shares of AON from $378.00 to $345.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Piper Sandler dropped their price target on shares of AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Finally, Morgan Stanley boosted their price objective on AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $329.69.

AON Trading Up 1.3 %

AON stock traded up $3.75 on Thursday, hitting $287.57. 2,354,930 shares of the company’s stock traded hands, compared to its average volume of 1,159,943. The stock has a market cap of $62.53 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 1.77 and a beta of 0.90. Aon plc has a 1-year low of $268.06 and a 1-year high of $347.37. The stock has a fifty day moving average of $312.07 and a 200-day moving average of $311.78.

AON (NYSE:AON) last released its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing the consensus estimate of $5.86 by ($0.20). The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.14 billion. AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $5.17 earnings per share. On average, equities research analysts anticipate that Aon plc will post 15.59 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.675 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a yield of 0.94%. This is a boost from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio (DPR) is currently 21.16%.

Insider Buying and Selling at AON

In other news, CFO Christa Davies sold 40,164 shares of AON stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $313.29, for a total value of $12,582,979.56. Following the transaction, the chief financial officer now directly owns 159,570 shares of the company’s stock, valued at $49,991,685.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other AON news, insider Lisa Stevens sold 13,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the completion of the sale, the insider now directly owns 10,073 shares in the company, valued at approximately $3,175,613.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christa Davies sold 40,164 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $313.29, for a total value of $12,582,979.56. Following the completion of the transaction, the chief financial officer now owns 159,570 shares in the company, valued at approximately $49,991,685.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,532 shares of company stock valued at $23,335,805. 1.15% of the stock is currently owned by corporate insiders.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.