Savant Capital LLC Increases Stock Position in Aon plc (NYSE:AON)

Savant Capital LLC lifted its holdings in shares of Aon plc (NYSE:AON) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,995 shares of the financial services provider’s stock after purchasing an additional 185 shares during the quarter. Savant Capital LLC’s holdings in AON were worth $3,949,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Kestra Private Wealth Services LLC grew its position in shares of AON by 26.5% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,312 shares of the financial services provider’s stock worth $471,000 after acquiring an additional 275 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of AON by 28.9% during the fourth quarter. Empowered Funds LLC now owns 4,969 shares of the financial services provider’s stock worth $1,785,000 after purchasing an additional 1,114 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of AON by 1.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 5,749 shares of the financial services provider’s stock worth $2,065,000 after purchasing an additional 86 shares during the period. D Orazio & Associates Inc. acquired a new stake in shares of AON during the fourth quarter worth $206,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of AON during the fourth quarter worth $232,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AON news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. This represents a 26.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AON shares. BMO Capital Markets increased their price target on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Wells Fargo & Company raised their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Piper Sandler raised their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and raised their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $386.21.

AON Trading Down 0.4 %

NYSE:AON opened at $384.23 on Wednesday. The company has a market capitalization of $83.10 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93. The stock has a fifty day simple moving average of $365.29 and a 200-day simple moving average of $358.04. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period last year, the company posted $3.89 EPS. On average, equities research analysts expect that Aon plc will post 17.24 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date is Monday, February 3rd. AON’s dividend payout ratio (DPR) is presently 21.33%.

AON Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.