Triumph Capital Management Has $1.94 Million Stock Position in Aon plc (NYSE:AON)

Triumph Capital Management grew its stake in Aon plc (NYSE:AON) by 11.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,650 shares of the financial services provider’s stock after acquiring an additional 700 shares during the quarter. AON accounts for 0.8% of Triumph Capital Management’s holdings, making the stock its 27th biggest position. Triumph Capital Management’s holdings in AON were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BKM Wealth Management LLC bought a new stake in AON during the 4th quarter worth approximately $25,000. Milestone Investment Advisors LLC bought a new stake in AON during the 3rd quarter worth approximately $30,000. Headlands Technologies LLC bought a new stake in AON during the 3rd quarter worth approximately $39,000. Bruce G. Allen Investments LLC bought a new stake in AON during the 4th quarter worth approximately $40,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in AON during the 4th quarter worth approximately $43,000. 86.14% of the stock is owned by institutional investors.

Insider Activity at AON

In related news, Director Lester B. Knight bought 50,000 shares of AON stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average cost of $301.97 per share, for a total transaction of $15,098,500.00. Following the completion of the acquisition, the director now directly owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Lester B. Knight bought 50,000 shares of AON stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average cost of $301.97 per share, for a total transaction of $15,098,500.00. Following the completion of the acquisition, the director now directly owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Christa Davies sold 20,618 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $311.40, for a total value of $6,420,445.20. Following the completion of the transaction, the chief financial officer now directly owns 159,570 shares in the company, valued at $49,690,098. The disclosure for this sale can be found here. Insiders have sold 74,532 shares of company stock worth $23,335,805 over the last ninety days. Insiders own 1.15% of the company’s stock.

AON Trading Up 0.4 %

AON stock traded up $1.00 during midday trading on Wednesday, reaching $283.01. The company’s stock had a trading volume of 898,169 shares, compared to its average volume of 1,100,615. Aon plc has a 52 week low of $268.06 and a 52 week high of $347.37. The business has a 50-day moving average price of $315.83 and a 200-day moving average price of $313.36. The stock has a market cap of $61.53 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.72 and a beta of 0.86.

AON (NYSE:AON) last released its quarterly earnings results 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 firm 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 for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $5.17 earnings per share. As a group, research analysts predict that Aon plc will post 15.64 EPS for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.675 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This is a boost from AON’s previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a yield of 0.95%. AON’s dividend payout ratio is presently 19.28%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AON. The Goldman Sachs Group reduced their price target on AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, January 9th. TD Cowen began coverage on AON in a research report on Wednesday, January 10th. They set an “outperform” rating and a $390.00 price target for the company. UBS Group reduced their price target on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. Morgan Stanley upped their price target on AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, Wells Fargo & Company reduced their price target on AON from $300.00 to $289.00 and set an “underweight” rating for the company in a research report on Monday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $329.69.

About AON

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.