Larson Financial Group LLC Sells 206 Shares of Aon plc (NYSE:AON)

Larson Financial Group LLC trimmed its position in shares of Aon plc (NYSE:AON) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,238 shares of the financial services provider’s stock after selling 206 shares during the quarter. Larson Financial Group LLC’s holdings in AON were worth $1,524,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cubic Asset Management LLC purchased a new stake in shares of AON during the 4th quarter valued at $1,050,000. Cerity Partners LLC grew its holdings in AON by 177.4% during the 4th quarter. Cerity Partners LLC now owns 18,461 shares of the financial services provider’s stock valued at $5,372,000 after buying an additional 11,806 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of AON during the fourth quarter worth about $3,203,000. Pathstone Family Office LLC grew its holdings in shares of AON by 45.1% during the third quarter. Pathstone Family Office LLC now owns 15,663 shares of the financial services provider’s stock worth $5,081,000 after purchasing an additional 4,872 shares in the last quarter. Finally, James Hambro & Partners grew its holdings in shares of AON by 9.9% during the fourth quarter. James Hambro & Partners now owns 223,865 shares of the financial services provider’s stock worth $65,137,000 after purchasing an additional 20,239 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AON news, insider Lisa Stevens sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the completion of the transaction, the insider now owns 10,073 shares in the company, valued at approximately $3,175,613.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Christa Davies sold 20,618 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $311.40, for a total transaction of $6,420,445.20. Following the completion of the sale, the chief financial officer now directly owns 159,570 shares of the company’s stock, valued at $49,690,098. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa Stevens sold 13,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the sale, the insider now directly owns 10,073 shares of the company’s stock, valued at $3,175,613.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AON shares. JPMorgan Chase & Co. boosted their target price on AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Royal Bank of Canada decreased their target price on AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a report on Monday, February 5th. Keefe, Bruyette & Woods upped their price target on AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. Piper Sandler upped their price target on AON from $306.00 to $326.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Finally, TD Cowen assumed coverage on AON in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, AON currently has a consensus rating of “Hold” and a consensus target price of $334.69.

AON Trading Up 0.6 %

AON stock traded up $1.99 during trading on Tuesday, reaching $313.01. The stock had a trading volume of 182,186 shares, compared to its average volume of 983,113. Aon plc has a 52 week low of $284.85 and a 52 week high of $347.37. The stock’s 50 day moving average is $317.79 and its two-hundred day moving average is $314.64. The firm has a market cap of $62.14 billion, a PE ratio of 25.04, a PEG ratio of 1.88 and a beta of 0.86.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 EPS for the quarter, missing the consensus estimate of $4.07 by ($0.18). AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period last year, the business earned $3.89 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that Aon plc will post 15.82 EPS for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.70 annualized dividend and a dividend yield of 0.86%. This is a boost from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio (DPR) is currently 19.71%.

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.