Aon plc (NYSE:AON) is Summit Trail Advisors LLC’s 10th Largest Position

Summit Trail Advisors LLC trimmed its position in shares of Aon plc (NYSE:AON) by 22.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,066 shares of the financial services provider’s stock after selling 33,192 shares during the period. AON accounts for 1.5% of Summit Trail Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Summit Trail Advisors LLC owned 0.05% of AON worth $40,609,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of AON. Endeavor Private Wealth Inc. acquired a new position in AON in the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. grew its holdings in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 81 shares in the last quarter. Anchor Investment Management LLC increased its stake in shares of AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares during the last quarter. First Personal Financial Services acquired a new stake in AON during the third quarter valued at $37,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in AON in the third quarter valued at about $42,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity at AON

In other AON news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The sale was disclosed in a 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 dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

AON Stock Performance

Shares of NYSE AON opened at $385.69 on Tuesday. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.33. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market cap of $83.41 billion, a P/E ratio of 30.47, a P/E/G ratio of 2.09 and a beta of 0.93. The business’s 50 day moving average is $365.32 and its two-hundred day moving average is $357.42.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the previous year, the company posted $3.89 earnings per share. On average, equities analysts expect that Aon plc will post 17.24 EPS for the current year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 21.33%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. BMO Capital Markets increased their price target on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Piper Sandler upped their price objective on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada raised their target price on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Company 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.