Independent Advisor Alliance Lowers Stake in Aon plc (NYSE:AON)

Independent Advisor Alliance reduced its position in shares of Aon plc (NYSE:AONFree Report) by 9.3% in the fourth quarter, Holdings Channel reports. The firm owned 758 shares of the financial services provider’s stock after selling 78 shares during the quarter. Independent Advisor Alliance’s holdings in AON were worth $221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BKM Wealth Management LLC bought a new stake in AON during the 4th quarter valued at about $25,000. Milestone Investment Advisors LLC bought a new stake in AON during the 3rd quarter valued at about $30,000. Headlands Technologies LLC bought a new stake in shares of AON in the third quarter worth approximately $39,000. Bruce G. Allen Investments LLC bought a new stake in shares of AON in the fourth quarter worth approximately $40,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of AON in the fourth quarter worth approximately $43,000. 86.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Lisa Stevens sold 13,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the sale, the insider now directly owns 10,073 shares of the company’s stock, valued at $3,175,613.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other AON news, insider Lisa Stevens sold 13,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the completion of the sale, the insider now directly owns 10,073 shares of the company’s stock, valued at $3,175,613.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lester B. Knight purchased 10,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 139,000 shares of the company’s stock, valued at approximately $38,448,790. The disclosure for this purchase can be found here. 1.15% of the stock is owned by insiders.

AON Stock Performance

Shares of AON opened at $284.65 on Thursday. The company’s fifty day moving average is $306.59 and its 200 day moving average is $309.98. The stock has a market capitalization of $61.89 billion, a PE ratio of 22.31, a P/E/G ratio of 1.84 and a beta of 0.90. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $347.37.

AON (NYSE:AONGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the company posted $5.17 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, research analysts forecast that Aon plc will post 15.51 earnings per share for the current year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a $0.675 dividend. The ex-dividend date was Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a yield of 0.95%. AON’s dividend payout ratio is 21.16%.

Analysts Set New Price Targets

A number of brokerages have recently commented on AON. UBS Group reduced their price target 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. Royal Bank of Canada reduced their price target on shares of AON from $325.00 to $315.00 and set a “sector perform” rating for the company in a research note on Monday, April 29th. Citigroup assumed coverage on shares of AON in a report on Wednesday. They issued a “neutral” rating and a $309.00 price objective on the stock. Keefe, Bruyette & Woods raised their price objective on shares of AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company dropped their price objective on shares of AON from $300.00 to $289.00 and set an “underweight” rating on the stock in a report on Monday, April 29th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $325.43.

View Our Latest Analysis on AON

AON Profile

(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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