Trust Point Inc. Takes Position in Aon plc (NYSE:AON)

Trust Point Inc. bought a new stake in Aon plc (NYSE:AON) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,436 shares of the financial services provider’s stock, valued at approximately $709,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AON. Panagora Asset Management Inc. increased its stake in shares of AON by 34.7% in the first quarter. Panagora Asset Management Inc. now owns 5,003 shares of the financial services provider’s stock valued at $1,629,000 after buying an additional 1,289 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of AON by 134.6% in the first quarter. Sequoia Financial Advisors LLC now owns 1,633 shares of the financial services provider’s stock valued at $531,000 after buying an additional 937 shares in the last quarter. Baird Financial Group Inc. increased its position in AON by 16.1% in the first quarter. Baird Financial Group Inc. now owns 28,451 shares of the financial services provider’s stock worth $9,264,000 after purchasing an additional 3,948 shares during the period. Zions Bancorporation N.A. increased its position in AON by 46.0% in the first quarter. Zions Bancorporation N.A. now owns 1,276 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 402 shares during the period. Finally, Brown Brothers Harriman & Co. increased its position in AON by 5.2% in the first quarter. Brown Brothers Harriman & Co. now owns 4,544 shares of the financial services provider’s stock worth $1,480,000 after purchasing an additional 226 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Trading Down 3.0 %

AON stock opened at $314.77 on Friday. The business’s 50 day simple moving average is $315.12 and its 200 day simple moving average is $316.54. Aon plc has a 1-year low of $284.85 and a 1-year high of $347.37. The firm has a market capitalization of $62.42 billion, a PE ratio of 25.22, a PEG ratio of 2.25 and a beta of 0.86.

AON (NYSE:AON) last released its 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 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%. The business’s 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 earnings per share. As a group, sell-side analysts predict that Aon plc will post 15.78 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a $0.615 dividend. The ex-dividend date was Wednesday, January 31st. This represents a $2.46 annualized dividend and a dividend yield of 0.78%. AON’s payout ratio is 19.71%.

Insider Activity

In other news, CFO Christa Davies sold 20,618 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $311.40, for a total value of $6,420,445.20. Following the completion of the sale, the chief financial officer now 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. In related news, insider Michael Neller sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total transaction of $234,000.00. Following the completion of the sale, the insider now owns 3,869 shares of the company’s stock, valued at $1,207,128. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christa Davies sold 20,618 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was 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 approximately $49,690,098. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,532 shares of company stock valued at $23,335,805. Company insiders own 1.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on AON shares. BMO Capital Markets lowered their price objective on AON from $350.00 to $325.00 and set a “market perform” rating for the company in a research report on Friday, December 22nd. UBS Group decreased their target price on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. Royal Bank of Canada decreased their target price on AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research report on Monday, February 5th. Wells Fargo & Company decreased their target price on AON from $304.00 to $295.00 and set an “underweight” rating for the company in a research report on Thursday, December 21st. Finally, Keefe, Bruyette & Woods cut AON from a “market perform” rating to an “underperform” rating and set a $328.00 price objective on the stock. in a report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, AON has a consensus rating of “Hold” and a consensus price target of $336.36.

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.