Concurrent Investment Advisors LLC Acquires 4,051 Shares of Aon plc $AON

Concurrent Investment Advisors LLC grew its holdings in Aon plc (NYSE:AON) by 591.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,736 shares of the financial services provider’s stock after acquiring an additional 4,051 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in AON were worth $1,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AON. Sound View Wealth Advisors Group LLC lifted its holdings in shares of AON by 1.5% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock valued at $683,000 after purchasing an additional 29 shares in the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of AON by 2.1% during the 4th quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock valued at $558,000 after purchasing an additional 32 shares in the last quarter. Westpac Banking Corp lifted its holdings in shares of AON by 5.6% during the 3rd quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 33 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of AON by 1.8% during the 4th quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 33 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its holdings in shares of AON by 39.3% during the 4th quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 33 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on AON. Evercore restated an “outperform” rating and issued a $436.00 target price on shares of AON in a research note on Wednesday, January 7th. Jefferies Financial Group restated a “buy” rating and issued a $408.00 target price on shares of AON in a research note on Monday, February 2nd. Barclays cut their target price on AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Bank of America upgraded AON from a “neutral” rating to an “outperform” rating and cut their target price for the company from $398.00 to $397.00 in a research note on Friday, February 27th. Finally, Wells Fargo & Company cut their target price on AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, AON currently has an average rating of “Moderate Buy” and an average target price of $401.81.

AON Stock Up 0.3%

NYSE:AON opened at $322.58 on Thursday. The firm has a market capitalization of $69.12 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.77 and a beta of 0.83. Aon plc has a twelve month low of $304.59 and a twelve month high of $381.00. The stock’s 50 day moving average price is $325.66 and its two-hundred day moving average price is $337.59. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.55.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.75 by $0.10. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.38 billion. AON had a return on equity of 45.23% and a net margin of 21.51%.The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.42 EPS. Equities research analysts expect that Aon plc will post 18.98 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 1st. This is a boost from AON’s previous quarterly dividend of $0.75. AON’s payout ratio is presently 17.51%.

Insider Buying and Selling

In other AON news, General Counsel Darren Zeidel sold 5,040 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $325.79, for a total value of $1,641,981.60. Following the transaction, the general counsel directly owned 20,254 shares of the company’s stock, valued at $6,598,550.66. This represents a 19.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lester B. Knight acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was purchased at an average cost of $319.24 per share, for a total transaction of $1,276,960.00. Following the completion of the acquisition, the director owned 143,000 shares in the company, valued at approximately $45,651,320. This represents a 2.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.10% of the stock is currently owned by insiders.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.