Aon plc (NYSE:AON) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lowered its position in Aon plc (NYSE:AON) by 19.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,265 shares of the financial services provider’s stock after selling 1,034 shares during the quarter. Schechter Investment Advisors LLC’s holdings in AON were worth $1,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in AON. BKM Wealth Management LLC acquired a new position in shares of AON during the fourth quarter valued at approximately $25,000. Milestone Investment Advisors LLC acquired a new position in shares of AON during the third quarter valued at approximately $30,000. Quarry LP acquired a new position in shares of AON during the first quarter valued at approximately $31,000. Headlands Technologies LLC acquired a new position in shares of AON during the third quarter valued at approximately $39,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of AON during the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, Director Lester B. Knight purchased 50,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were bought at an average cost of $301.97 per share, for a total transaction of $15,098,500.00. Following the transaction, the director now directly owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other AON news, Director Lester B. Knight bought 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were acquired at an average cost of $301.97 per share, for a total transaction of $15,098,500.00. Following the transaction, the director now owns 134,000 shares in the company, valued at $40,463,980. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christa Davies sold 20,618 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $311.40, for a total transaction of $6,420,445.20. Following the completion of the transaction, the chief financial officer now owns 159,570 shares in the company, valued at $49,690,098. 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 currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Cowen assumed coverage on shares of AON in a report on Wednesday, January 10th. They set an “outperform” rating and a $390.00 target price for the company. UBS Group decreased their price objective on shares of AON from $333.00 to $308.00 and set a “neutral” rating for the company in a research note on Monday, February 5th. JPMorgan Chase & Co. raised shares of AON from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $351.00 to $321.00 in a research note on Monday, January 8th. Royal Bank of Canada decreased their price objective on shares of AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research note on Monday, February 5th. Finally, The Goldman Sachs Group decreased their price objective on shares of AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $336.36.

AON Trading Up 1.2 %

Shares of NYSE:AON opened at $333.79 on Thursday. The firm has a fifty day moving average of $312.16 and a two-hundred day moving average of $316.61. The firm has a market capitalization of $66.19 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 2.28 and a beta of 0.86. Aon plc has a 12-month low of $284.85 and a 12-month high of $347.37. 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 (NYSE:AON) last released its quarterly earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.36 billion. AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.89 EPS. On average, equities analysts expect that Aon plc will post 15.78 EPS for the current fiscal year.

AON Dividend Announcement

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

AON Company 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.