2,134 Shares in Aon plc (NYSE:AON) Purchased by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC acquired a new position in shares of Aon plc (NYSE:AON) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 2,134 shares of the financial services provider’s stock, valued at approximately $621,000.

Other hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. lifted its position in AON by 5.1% in the fourth quarter. Russell Investments Group Ltd. now owns 337,172 shares of the financial services provider’s stock valued at $98,110,000 after purchasing an additional 16,214 shares during the period. Headlands Technologies LLC lifted its stake in shares of AON by 96.7% in the fourth quarter. Headlands Technologies LLC now owns 238 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 117 shares during the period. Markel Group Inc. increased its holdings in AON by 5.8% in the fourth quarter. Markel Group Inc. now owns 105,350 shares of the financial services provider’s stock valued at $30,659,000 after buying an additional 5,800 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of AON during the 4th quarter valued at approximately $1,460,000. Finally, Syon Capital LLC boosted its stake in shares of AON by 26.0% during the 4th quarter. Syon Capital LLC now owns 3,402 shares of the financial services provider’s stock worth $990,000 after acquiring an additional 703 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Trading Down 6.9 %

NYSE:AON traded down $20.97 during trading hours on Friday, hitting $285.03. The stock had a trading volume of 4,566,608 shares, compared to its average volume of 882,672. The business has a 50 day simple moving average of $317.11 and a two-hundred day simple moving average of $314.06. Aon plc has a 1-year low of $268.06 and a 1-year high of $347.37. The company has a market cap of $56.58 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.72 and a beta of 0.86.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.14 billion. AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.17 EPS. Research analysts expect that Aon plc will post 15.82 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio (DPR) is 21.16%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AON shares. The Goldman Sachs Group decreased their price objective on shares of AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 9th. TD Cowen started coverage on shares of AON in a report on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 target price on the stock. Morgan Stanley boosted their price objective on shares of AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Keefe, Bruyette & Woods raised their target price on shares of AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Finally, Piper Sandler boosted their price target on AON from $306.00 to $326.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $334.69.

Insider Buying and Selling at AON

In related news, Director Lester B. Knight acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was bought at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the acquisition, the director now directly owns 134,000 shares in the company, valued at $40,463,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other AON news, insider Michael Neller sold 750 shares of AON stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the transaction, the insider now owns 3,869 shares of the company’s stock, valued at $1,207,128. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lester B. Knight acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the purchase, the director now owns 134,000 shares of the company’s stock, valued at $40,463,980. The disclosure for this purchase can be found here. Insiders have sold a total of 74,532 shares of company stock valued at $23,335,805 in the last three months. Corporate insiders own 1.15% of the company’s stock.

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.