Aon plc $AON Stock Purchased by Triumph Capital Management

Triumph Capital Management raised its stake in Aon plc (NYSE:AON) by 382.2% in the third quarter, Holdings Channel reports. The firm owned 23,882 shares of the financial services provider’s stock after acquiring an additional 18,929 shares during the quarter. AON comprises approximately 1.1% of Triumph Capital Management’s investment portfolio, making the stock its 15th biggest position. Triumph Capital Management’s holdings in AON were worth $6,610,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Citizens Bank & Trust Co. bought a new position in shares of AON in the third quarter valued at $7,814,000. Salem Investment Counselors Inc. raised its position in AON by 638.1% during the third quarter. Salem Investment Counselors Inc. now owns 5,639 shares of the financial services provider’s stock worth $1,561,000 after acquiring an additional 4,875 shares in the last quarter. Downshift Financial LLC raised its position in AON by 15,700.0% during the third quarter. Downshift Financial LLC now owns 158 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 157 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in AON by 12.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 7,322 shares of the financial services provider’s stock valued at $2,027,000 after acquiring an additional 791 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in AON by 3.3% in the third quarter. Central Pacific Bank Trust Division now owns 1,575 shares of the financial services provider’s stock valued at $436,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of analyst reports. Evercore decreased their price objective on shares of AON from $423.00 to $375.00 in a research report on Thursday, October 8th. TD Cowen raised their target price on shares of AON from $416.00 to $420.00 and gave the company a “buy” rating in a research note on Monday, September 14th. Roth Capital set a $380.00 price target on AON and gave the stock a “buy” rating in a report on Tuesday, September 1st. BMO Capital Markets lowered their price target on AON from $360.00 to $286.00 and set a “market perform” rating on the stock in a research report on Thursday, October 1st. Finally, JPMorgan Chase & Co. dropped their price objective on AON from $412.00 to $362.00 and set an “overweight” rating on the stock in a research note on Thursday, October 1st. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.59.

AON Stock Performance

AON stock traded up $0.93 during midday trading on Wednesday, reaching $275.64. 1,699,593 shares of the company were exchanged, compared to its average volume of 1,528,376. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.54 and a quick ratio of 1.54. The business has a 50-day moving average price of $313.65 and a two-hundred day moving average price of $326.52. Aon plc has a one year low of $266.33 and a one year high of $382.34. The firm has a market capitalization of $58.47 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.41 and a beta of 0.70.

AON (NYSE:AON) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, beating the consensus estimate of $3.80 by $0.01. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. AON had a net margin of 22.27% and a return on equity of 42.13%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.49 earnings per share. Equities research analysts forecast that Aon plc will post 18.74 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $3.28 annualized dividend and a dividend yield of 1.2%. AON’s payout ratio is presently 18.08%.

Insider Activity

In related news, General Counsel Darren Zeidel sold 1,900 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total value of $717,744.00. Following the transaction, the general counsel owned 11,504 shares in the company, valued at approximately $4,345,751.04. This represents a 14.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lester Knight purchased 20,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was bought at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the completion of the acquisition, the director owned 163,000 shares in the company, valued at approximately $53,379,240. This trade represents a 13.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

AON News Roundup

Here are the key news stories impacting AON this week:

• Positive Sentiment: Ukraine facility expanded: Aon and the European Bank for Reconstruction and Development increased the Ukraine Recovery and Reconstruction Guarantee Facility from €110 million to €150 million. The program has supported more than €500 million in reinsurance coverage across nearly 10,000 policies, potentially strengthening Aon’s role in a developing specialty-insurance market. Aon and EBRD expand war risk insurance facility for Ukraine
• Positive Sentiment: Additional insurance opportunities: Ukrainian insurers UNIVERSALNA and USG joined the facility, broadening its distribution and potential underwriting reach as demand for war-risk coverage remains elevated. Aon and EBRD expand Ukraine war risk facility
• Neutral Sentiment: Management change: Aon appointed Leonora Siccardi as global chief execution officer for its Risk Capital and Human Capital businesses. The role could support execution, but the immediate financial impact is unclear. Aon appoints Leonora Siccardi
• Neutral Sentiment: Benefits-market trends: Aon expects Asia-Pacific medical-cost inflation to moderate to 9.7%, while rising medical costs are driving greater interest in employee-benefit captives. These trends may create consulting opportunities but also signal persistent cost pressure for clients. Medical cost pressure drives Aon’s EB captive expansion
• Negative Sentiment: Broad analyst target cuts: Keefe, Bruyette & Woods reduced its target to $342 from $417, Morgan Stanley cut its target to $350, and Wells Fargo lowered its target to $323. Evercore also reduced its target to $375 from $423. The coordinated revisions are the clearest near-term catalyst weighing on AON, suggesting analysts see reduced upside or greater execution risk.

AON Company Profile

Aon plc is a global professional services firm that helps organizations manage risk, make better decisions and improve performance. Its services are organized around risk capital and human capital, combining advisory expertise, data, analytics and insurance-related solutions.

The company provides commercial risk brokerage and consulting, reinsurance brokerage, retirement and investment advisory services, health benefits consulting, talent and compensation consulting, and related technology and data products.