Donaldson Capital Management LLC Sells 38 Shares of Aon plc (NYSE:AON)

Donaldson Capital Management LLC cut its stake in Aon plc (NYSE:AON) by 5.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 663 shares of the financial services provider’s stock after selling 38 shares during the quarter. Donaldson Capital Management LLC’s holdings in AON were worth $221,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BKM Wealth Management LLC bought a new stake in shares of AON during the fourth quarter valued at about $25,000. Milestone Investment Advisors LLC purchased a new position in AON during the third quarter valued at approximately $30,000. Frazier Financial Advisors LLC purchased a new stake in AON in the 4th quarter worth approximately $31,000. Rise Advisors LLC bought a new position in AON in the 1st quarter valued at $37,000. Finally, Headlands Technologies LLC purchased a new position in shares of AON during the 3rd quarter valued at $39,000. 86.14% of the stock is currently owned by institutional investors.

AON Stock Performance

NYSE:AON traded down $20.97 during trading hours on Friday, reaching $285.03. The company’s stock had a trading volume of 4,566,608 shares, compared to its average volume of 882,672. The firm has a 50-day simple moving average of $317.11 and a 200-day simple moving average of $314.14. Aon plc has a 1 year low of $268.06 and a 1 year high of $347.37. The firm has a market capitalization of $56.58 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.85 and a beta of 0.86.

AON (NYSE:AON) last released its earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.14 billion. AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $5.17 EPS. Equities analysts anticipate that Aon plc will post 15.82 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.675 dividend. This is a boost from AON’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.70 annualized dividend and a dividend yield of 0.95%. AON’s dividend payout ratio (DPR) is currently 19.71%.

Insider Activity at AON

In other AON news, insider Michael Neller sold 750 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $312.00, for a total value of $234,000.00. Following the transaction, the insider now owns 3,869 shares in the company, valued at $1,207,128. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other AON news, insider Lisa Stevens sold 13,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the transaction, the insider now directly owns 10,073 shares of the company’s stock, valued at approximately $3,175,613.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Neller sold 750 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $312.00, for a total transaction of $234,000.00. Following the completion of the sale, the insider now directly owns 3,869 shares of the company’s stock, valued at $1,207,128. The disclosure for this sale can be found here. Insiders sold 74,532 shares of company stock worth $23,335,805 in the last three months. 1.15% of the stock is owned by insiders.

Analysts Set New Price Targets

AON has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price objective on AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research note on Tuesday, January 9th. Morgan Stanley boosted their price objective on AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Royal Bank of Canada lowered their target price on shares of AON from $342.00 to $325.00 and set a “sector perform” rating on the stock in a research note on Monday, February 5th. UBS Group decreased their price target on shares of AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a report on Monday, February 5th. Finally, TD Cowen started coverage on shares of AON in a report on Wednesday, January 10th. They set an “outperform” rating and a $390.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, AON has an average rating of “Hold” and an average price target of $334.69.

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.