Aon plc (NYSE:AON) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in Aon plc (NYSE:AON) by 49.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,075 shares of the financial services provider’s stock after purchasing an additional 3,341 shares during the period. Wellington Management Group LLP’s holdings in AON were worth $3,267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. American Century Companies Inc. lifted its stake in shares of AON by 108.8% in the 3rd quarter. American Century Companies Inc. now owns 38,385 shares of the financial services provider’s stock valued at $12,445,000 after purchasing an additional 20,000 shares during the last quarter. Modera Wealth Management LLC lifted its stake in AON by 3.0% during the 3rd quarter. Modera Wealth Management LLC now owns 2,045 shares of the financial services provider’s stock worth $663,000 after acquiring an additional 60 shares in the last quarter. Neo Ivy Capital Management acquired a new position in AON during the 3rd quarter worth about $480,000. Obsidian Personal Planning Solutions LLC lifted its stake in AON by 8.2% during the 3rd quarter. Obsidian Personal Planning Solutions LLC now owns 1,145 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 87 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in AON by 4.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 47,144 shares of the financial services provider’s stock worth $15,285,000 after acquiring an additional 2,173 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, insider Lisa Stevens sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the transaction, the insider now owns 10,073 shares in the company, valued at approximately $3,175,613.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other AON news, CFO Christa Davies sold 40,164 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 159,570 shares of the company’s stock, valued at approximately $49,991,685.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa Stevens sold 13,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $315.26, for a total value of $4,098,380.00. Following the sale, the insider now directly owns 10,073 shares of the company’s stock, valued at $3,175,613.98. The disclosure for this sale can be found here. Insiders have sold 74,532 shares of company stock worth $23,335,805 in the last quarter. 1.15% of the stock is owned by insiders.

AON Trading Up 1.2 %

NYSE:AON opened at $333.79 on Thursday. The stock’s 50 day moving average price is $312.16 and its 200 day moving average price is $316.61. The company has a market capitalization of $66.19 billion, a PE ratio of 26.75, a P/E/G ratio of 2.27 and a beta of 0.86. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 61.66. Aon plc has a 52-week low of $284.85 and a 52-week high of $347.37.

AON (NYSE:AON) last released its quarterly earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.36 billion. AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.89 EPS. On average, research analysts anticipate that Aon plc will post 15.78 EPS for the current year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were paid a dividend of $0.615 per share. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $2.46 dividend on an annualized basis and a yield of 0.74%. AON’s dividend payout ratio is presently 19.71%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. TD Cowen assumed coverage on AON in a research note on Wednesday, January 10th. They set an “outperform” rating and a $390.00 target price on the stock. Keefe, Bruyette & Woods lowered AON from a “market perform” rating to an “underperform” rating and set a $328.00 price target on the stock. in a research report on Friday, December 15th. UBS Group reduced their price target on AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a research report on Monday, February 5th. JPMorgan Chase & Co. raised AON from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $351.00 to $321.00 in a research report on Monday, January 8th. Finally, Piper Sandler increased their price target on AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, AON has an average rating of “Hold” and an average target price of $336.36.

AON Profile

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.