Schechter Investment Advisors LLC Sells 1,034 Shares of Aon plc (NYSE:AON)

Schechter Investment Advisors LLC trimmed its holdings in shares of Aon plc (NYSE:AON) by 19.5% during the fourth quarter, HoldingsChannel reports. The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AON. BKM Wealth Management LLC acquired a new position in shares of AON in the 4th quarter worth approximately $25,000. Milestone Investment Advisors LLC acquired a new position in shares of AON in the 3rd quarter worth approximately $30,000. Quarry LP acquired a new position in shares of AON in the 1st quarter worth approximately $31,000. Headlands Technologies LLC acquired a new position in shares of AON in the 3rd quarter worth approximately $39,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of AON during the 4th quarter valued at $40,000. 86.14% of the stock is owned by institutional investors.

Insider Activity at AON

In related 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 transaction, the insider now owns 10,073 shares in the company, valued at $3,175,613.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Christa Davies sold 20,618 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $311.40, for a total value of $6,420,445.20. Following the sale, the chief financial officer now directly owns 159,570 shares of the company’s stock, valued at $49,690,098. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lisa Stevens sold 13,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 10,073 shares in the company, valued at $3,175,613.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. TD Cowen assumed coverage on shares of AON in a research report on Wednesday, January 10th. They set an “outperform” rating and a $390.00 target price on the stock. Royal Bank of Canada dropped their target price on shares of AON from $342.00 to $325.00 and set a “sector perform” rating on the stock in a research report on Monday, February 5th. The Goldman Sachs Group lowered their price objective on shares of AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a report on Tuesday, January 9th. Finally, UBS Group lowered their price objective on shares of AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a report on Monday, February 5th. 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, the company currently has a consensus rating of “Hold” and an average price target of $336.36.

AON Stock Performance

NYSE AON opened at $333.79 on Thursday. Aon plc has a 1 year low of $284.85 and a 1 year high of $347.37. The company has a debt-to-equity ratio of 61.66, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $66.19 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 2.28 and a beta of 0.86. The company has a fifty day moving average price of $312.16 and a 200-day moving average price of $316.61.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing the consensus estimate of $4.07 by ($0.18). The company 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%. AON’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.89 EPS. As a group, equities research analysts predict that Aon plc will post 15.78 EPS for the current fiscal year.

AON Announces Dividend

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