110 Shares in Aon plc (NYSE:AON) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC acquired a new position in shares of Aon plc (NYSE:AON) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 110 shares of the financial services provider’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diamond Hill Capital Management Inc. acquired a new position in AON during the 3rd quarter worth about $336,375,000. State Street Corp lifted its holdings in AON by 0.4% during the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after buying an additional 32,417 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of AON by 5.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock valued at $9,530,000 after purchasing an additional 1,451 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of AON by 13.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock valued at $57,345,000 after purchasing an additional 20,084 shares during the period. Finally, Retireful LLC acquired a new position in shares of AON in the 3rd quarter valued at about $759,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Performance

Shares of AON opened at $389.51 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. The stock has a 50 day moving average price of $368.55 and a two-hundred day moving average price of $361.81. The firm has a market capitalization of $84.13 billion, a P/E ratio of 30.77, a P/E/G ratio of 2.14 and a beta of 0.93. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.65.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the company posted $3.89 earnings per share. Equities analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is 21.33%.

Insider Activity at AON

In related news, COO Mindy F. Simon sold 650 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AON has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. BMO Capital Markets boosted their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Barclays boosted their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada upped their price target on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $386.21.

AON Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.