Connecticut Wealth Management LLC Has $756,000 Stock Position in Aon plc (NYSE:AON)

Connecticut Wealth Management LLC boosted its stake in shares of Aon plc (NYSE:AON) by 39.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,597 shares of the financial services provider’s stock after purchasing an additional 736 shares during the quarter. Connecticut Wealth Management LLC’s holdings in AON were worth $756,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Commonwealth Equity Services LLC grew its holdings in shares of AON by 2.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 28,719 shares of the financial services provider’s stock worth $9,311,000 after purchasing an additional 619 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of AON by 76.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,388 shares of the financial services provider’s stock valued at $450,000 after buying an additional 603 shares in the last quarter. Stratos Wealth Advisors LLC bought a new position in shares of AON during the 3rd quarter worth about $242,000. Independent Advisor Alliance boosted its position in shares of AON by 5.8% during the 3rd quarter. Independent Advisor Alliance now owns 836 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 46 shares in the last quarter. Finally, Sage Mountain Advisors LLC increased its stake in AON by 7.3% in the third quarter. Sage Mountain Advisors LLC now owns 1,171 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 80 shares during the period. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AON shares. Piper Sandler decreased their price objective on AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. UBS Group lowered their price target on AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a research report on Monday, February 5th. Royal Bank of Canada cut their price objective on AON from $325.00 to $315.00 and set a “sector perform” rating for the company in a report on Monday, April 29th. JPMorgan Chase & Co. increased their target price on shares of AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, nine have assigned 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 price target of $329.69.

Insider Buying and Selling

In other news, insider Michael Neller sold 750 shares of the stock in a transaction on Thursday, February 15th. The stock was 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 of the company’s stock, valued at approximately $1,207,128. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Michael Neller sold 750 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value 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 approximately $1,207,128. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lester B. Knight acquired 50,000 shares of AON stock in a transaction that occurred on Wednesday, February 7th. The shares were purchased at an average cost of $301.97 per share, for a total transaction of $15,098,500.00. Following the purchase, the director now directly owns 134,000 shares in the company, valued at $40,463,980. The disclosure for this purchase can be found here. Insiders sold a total of 74,532 shares of company stock valued at $23,335,805 over the last ninety days. Insiders own 1.15% of the company’s stock.

AON Trading Down 0.0 %

Shares of AON stock traded down $0.12 during midday trading on Friday, reaching $279.97. The company had a trading volume of 1,750,917 shares, compared to its average volume of 1,416,371. The stock has a fifty day simple moving average of $313.86 and a 200 day simple moving average of $312.39. Aon plc has a 1-year low of $268.06 and a 1-year high of $347.37. The company has a market capitalization 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 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 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 company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.17 EPS. Sell-side analysts expect that Aon plc will post 15.59 earnings per share for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.675 per share. 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 0.96%. AON’s payout ratio is currently 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.