Aon plc (NYSE:AON) Shares Sold by Barings LLC

Barings LLC decreased its position in Aon plc (NYSE:AONFree Report) by 9.2% in the 4th quarter, HoldingsChannel reports. The firm owned 10,251 shares of the financial services provider’s stock after selling 1,035 shares during the period. Barings LLC’s holdings in AON were worth $2,983,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AON. Cubic Asset Management LLC purchased a new stake in AON in the 4th quarter valued at about $1,050,000. Charles Schwab Investment Management Inc. grew its holdings in AON by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,058,309 shares of the financial services provider’s stock valued at $307,989,000 after buying an additional 5,727 shares during the period. Cerity Partners LLC grew its holdings in AON by 177.4% in 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 during the period. Atria Wealth Solutions Inc. grew its holdings in AON by 6.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,837 shares of the financial services provider’s stock valued at $535,000 after buying an additional 110 shares during the period. Finally, Oak Thistle LLC purchased a new stake in shares of AON during the 4th quarter worth about $3,203,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Christa Davies sold 40,164 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $313.29, for a total value of $12,582,979.56. Following the completion of the transaction, the chief financial officer now owns 159,570 shares of the company’s stock, valued at $49,991,685.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Christa Davies sold 40,164 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $313.29, for a total transaction of $12,582,979.56. Following the completion of the transaction, the chief financial officer now owns 159,570 shares of the company’s stock, valued at $49,991,685.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lester B. Knight bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $276.61 per share, with a total value of $2,766,100.00. Following the purchase, the director now directly owns 139,000 shares of the company’s stock, valued at $38,448,790. The disclosure for this purchase can be found here. Insiders have sold 53,914 shares of company stock valued at $16,915,360 over the last three months. Company insiders own 1.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on AON shares. Royal Bank of Canada decreased their target price on AON from $325.00 to $315.00 and set a “sector perform” rating for the company in a report on Monday, April 29th. Morgan Stanley boosted their target price on AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Bank of America decreased their price target on AON from $378.00 to $345.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Keefe, Bruyette & Woods upped their price target on AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Finally, UBS Group decreased their price target on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, AON presently has a consensus rating of “Hold” and a consensus target price of $329.69.

View Our Latest Report on AON

AON Price Performance

Shares of AON stock traded down $0.75 on Tuesday, hitting $287.83. 890,340 shares of the stock traded hands, compared to its average volume of 1,174,233. The company has a market capitalization of $62.58 billion, a PE ratio of 22.53, a PEG ratio of 1.85 and a beta of 0.90. Aon plc has a 1-year low of $268.06 and a 1-year high of $347.37. The company’s fifty day moving average is $310.52 and its 200 day moving average is $311.13.

AON (NYSE:AONGet Free Report) last posted its quarterly 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). The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.14 billion. AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $5.17 earnings per share. As a group, equities research analysts expect that Aon plc will post 15.59 EPS for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.675 dividend. The ex-dividend date is Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a yield of 0.94%. AON’s dividend payout ratio (DPR) is currently 21.16%.

About AON

(Free Report)

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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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