OLD National Bancorp IN Grows Stock Holdings in Aon plc $AON

OLD National Bancorp IN grew its position in Aon plc (NYSE:AON) by 15.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,300 shares of the financial services provider’s stock after acquiring an additional 3,339 shares during the period. OLD National Bancorp IN’s holdings in AON were worth $8,575,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AON. Matrix Trust Co grew its position in AON by 7.1% in the 3rd quarter. Matrix Trust Co now owns 422 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 28 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its stake in shares of AON by 1.5% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock valued at $683,000 after purchasing an additional 29 shares during the period. Kathmere Capital Management LLC grew its holdings in shares of AON by 2.1% in the fourth quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock valued at $558,000 after purchasing an additional 32 shares in the last quarter. Busey Bank increased its stake in AON by 0.3% during the 3rd quarter. Busey Bank now owns 9,565 shares of the financial services provider’s stock worth $3,411,000 after buying an additional 33 shares during the period. Finally, Westpac Banking Corp lifted its holdings in AON by 5.6% during the 3rd quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock worth $221,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AON. Weiss Ratings reissued a “hold (c)” rating on shares of AON in a research note on Tuesday. TD Cowen reiterated a “buy” rating on shares of AON in a research note on Monday, March 16th. UBS Group reissued a “neutral” rating and set a $385.00 price objective on shares of AON in a research report on Monday, February 2nd. Barclays reduced their target price on shares of AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Finally, Cantor Fitzgerald boosted their price target on shares of AON from $393.00 to $412.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AON currently has an average rating of “Moderate Buy” and a consensus price target of $401.81.

AON Trading Down 0.2%

NYSE:AON opened at $326.17 on Thursday. Aon plc has a 1 year low of $304.59 and a 1 year high of $381.00. The stock has a market cap of $69.89 billion, a P/E ratio of 19.14, a P/E/G ratio of 1.83 and a beta of 0.83. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a 50-day simple moving average of $325.50 and a 200-day simple moving average of $339.02.

AON (NYSE:AON) last issued its earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.75 by $0.10. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.38 billion. AON had a return on equity of 45.23% and a net margin of 21.51%.The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $4.42 EPS. As a group, analysts anticipate that Aon plc will post 18.98 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a dividend of $0.82 per share. The ex-dividend date is Friday, May 1st. This represents a $3.28 annualized dividend and a yield of 1.0%. This is an increase from AON’s previous quarterly dividend of $0.75. AON’s dividend payout ratio (DPR) is 17.51%.

Insider Activity

In other news, Director Lester B. Knight acquired 4,000 shares of AON stock in a transaction on Tuesday, February 10th. The stock was bought at an average price of $319.24 per share, for a total transaction of $1,276,960.00. Following the completion of the purchase, the director owned 143,000 shares in the company, valued at $45,651,320. This represents a 2.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Darren Zeidel sold 5,040 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $325.79, for a total value of $1,641,981.60. Following the completion of the sale, the general counsel directly owned 20,254 shares of the company’s stock, valued at $6,598,550.66. The trade was a 19.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.