Raymond James & Associates Buys 10,193 Shares of Aon plc (NYSE:AON)

Raymond James & Associates lifted its stake in shares of Aon plc (NYSE:AON) by 6.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 178,914 shares of the financial services provider’s stock after buying an additional 10,193 shares during the quarter. Raymond James & Associates owned about 0.09% of AON worth $59,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Integrated Advisors Network LLC raised its position in shares of AON by 5.1% in the 3rd quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 32 shares in the last quarter. Capital Planning Advisors LLC grew its stake in shares of AON by 0.3% during the third quarter. Capital Planning Advisors LLC now owns 11,793 shares of the financial services provider’s stock valued at $3,824,000 after buying an additional 35 shares during the last quarter. Valley Wealth Managers Inc. raised its holdings in shares of AON by 4.9% in the third quarter. Valley Wealth Managers Inc. now owns 777 shares of the financial services provider’s stock worth $252,000 after buying an additional 36 shares during the period. Lincoln National Corp boosted its holdings in AON by 0.7% during the 3rd quarter. Lincoln National Corp now owns 5,446 shares of the financial services provider’s stock valued at $1,766,000 after acquiring an additional 37 shares during the period. Finally, Atria Wealth Solutions Inc. increased its stake in AON by 2.2% in the third quarter. Atria Wealth Solutions Inc. now owns 1,727 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 37 shares during the period. 86.14% of the stock is owned by institutional investors.

Insider Transactions at AON

In related news, Director Lester B. Knight bought 50,000 shares of the stock in a transaction dated Wednesday, February 7th. The shares were purchased at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the completion of the purchase, the director now directly owns 134,000 shares of the company’s stock, valued at $40,463,980. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Christa Davies sold 40,164 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $313.29, for a total transaction of $12,582,979.56. Following the sale, the chief financial officer now directly owns 159,570 shares of the company’s stock, valued at approximately $49,991,685.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lester B. Knight purchased 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average price of $301.97 per share, with a total value of $15,098,500.00. Following the purchase, the director now owns 134,000 shares in the company, valued at $40,463,980. The disclosure for this purchase can be found here. Insiders have sold 74,532 shares of company stock worth $23,335,805 over the last 90 days. 1.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AON. Piper Sandler cut their price target on shares of AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Bank of America decreased their price target 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. Morgan Stanley raised 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. JPMorgan Chase & Co. lifted their target price on AON from $318.00 to $353.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, The Goldman Sachs Group cut their price target on AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $329.69.

AON Price Performance

NYSE AON traded down $0.12 on Friday, hitting $279.97. The stock had a trading volume of 1,750,917 shares, compared to its average volume of 1,416,371. Aon plc has a 52-week low of $268.06 and a 52-week high of $347.37. The business’s fifty day moving average price is $313.86 and its 200 day moving average price is $312.59. The stock has a market cap of $60.87 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90.

AON (NYSE:AON) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $4.14 billion. AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. AON’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $5.17 earnings per share. As a group, sell-side analysts anticipate that Aon plc will post 15.59 EPS for the current 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 annualized dividend and a yield of 0.96%. This is a boost from AON’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, April 30th. AON’s payout ratio is presently 21.16%.

AON 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.