2,736 Shares in Aon plc (NYSE:AON) Bought by Heritage Wealth Management LLC

Heritage Wealth Management LLC bought a new stake in Aon plc (NYSE:AON) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,736 shares of the financial services provider’s stock, valued at approximately $796,000.

A number of other large investors have also made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its stake in AON by 2.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 28,719 shares of the financial services provider’s stock worth $9,311,000 after buying an additional 619 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in AON by 57.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 69,891 shares of the financial services provider’s stock valued at $22,660,000 after buying an additional 25,595 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in AON by 76.8% during the third quarter. Pinnacle Associates Ltd. now owns 1,388 shares of the financial services provider’s stock worth $450,000 after purchasing an additional 603 shares during the last quarter. Stratos Wealth Advisors LLC acquired a new position in shares of AON in the 3rd quarter valued at about $242,000. Finally, Independent Advisor Alliance grew its holdings in shares of AON by 5.8% during the third quarter. Independent Advisor Alliance now owns 836 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity at AON

In related news, insider Lisa Stevens sold 13,000 shares of the company’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 transaction, the insider now directly owns 10,073 shares of the company’s stock, valued at approximately $3,175,613.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Lisa Stevens sold 13,000 shares of the company’s stock in a transaction 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 sale, the insider now owns 10,073 shares in the company, valued at $3,175,613.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction 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 $1,207,128. The disclosure for this sale can be found here. Insiders have sold 74,532 shares of company stock worth $23,335,805 in the last quarter. Company insiders own 1.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AON shares. Royal Bank of Canada decreased their price objective on shares of AON from $325.00 to $315.00 and set a “sector perform” rating for the company in a report on Monday. Wells Fargo & Company decreased their target price on AON from $300.00 to $289.00 and set an “underweight” rating on the stock in a research report on Monday. UBS Group cut their target price on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. The Goldman Sachs Group decreased their price target on AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 9th. Finally, Bank of America dropped their price objective on AON from $378.00 to $345.00 and set a “neutral” rating for the company in a report on Monday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $329.69.

AON Stock Performance

Shares of NYSE:AON traded down $1.54 during mid-day trading on Thursday, reaching $282.27. 329,647 shares of the company’s stock were exchanged, compared to its average volume of 1,103,102. The firm has a market capitalization of $61.37 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.78 and a beta of 0.90. The business’s fifty day moving average price is $315.28 and its 200-day moving average price is $313.15. Aon plc has a twelve month low of $268.06 and a twelve month high of $347.37.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the company posted $5.17 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts predict that Aon plc will post 15.59 EPS for the current fiscal year.

AON Increases Dividend

The business also recently disclosed 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 an increase 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 dividend payout ratio (DPR) is 21.16%.

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.