M&T Bank Corp Has $12.40 Million Stock Position in Aon plc (NYSE:AON)

M&T Bank Corp trimmed its holdings in Aon plc (NYSE:AON) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,621 shares of the financial services provider’s stock after selling 2,793 shares during the quarter. M&T Bank Corp’s holdings in AON were worth $12,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. BKM Wealth Management LLC acquired a new position in shares of AON during the fourth quarter valued at about $25,000. Milestone Investment Advisors LLC bought a new position in AON in the third quarter worth approximately $30,000. Headlands Technologies LLC acquired a new stake in AON in the third quarter valued at approximately $39,000. Bruce G. Allen Investments LLC acquired a new position in shares of AON during the fourth quarter worth approximately $40,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in AON in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at AON

In other AON news, insider Michael Neller sold 750 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the transaction, the insider now directly owns 3,869 shares in the company, valued at approximately $1,207,128. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AON news, Director Lester B. Knight purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was bought at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the transaction, the director now directly owns 134,000 shares in the company, valued at approximately $40,463,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Neller sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total value of $234,000.00. Following the transaction, the insider now directly owns 3,869 shares of the company’s stock, valued at approximately $1,207,128. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of AON from $294.00 to $312.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Piper Sandler dropped their price objective on AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. UBS Group reduced their target price on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a report on Monday, February 5th. JPMorgan Chase & Co. increased their price target on shares of AON from $318.00 to $353.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Morgan Stanley lifted their price objective on shares of AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $329.69.

AON Trading Down 0.0 %

Shares of NYSE:AON traded down $0.12 on Friday, reaching $279.97. 1,750,917 shares of the company traded hands, 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 50-day simple moving average is $313.86 and its 200 day simple moving average is $312.59. The stock has a market capitalization of $60.87 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90.

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

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.675 per share. This is a positive change 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 dividend on an annualized basis and a yield of 0.96%. AON’s dividend payout ratio is presently 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.