Ritholtz Wealth Management reduced its stake in Aon plc (NYSE:AON – Free Report) by 44.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,486 shares of the financial services provider’s stock after selling 3,662 shares during the period. Ritholtz Wealth Management’s holdings in AON were worth $1,306,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Good Life Advisors LLC lifted its stake in shares of AON by 25.0% in the 4th quarter. Good Life Advisors LLC now owns 3,750 shares of the financial services provider’s stock worth $1,091,000 after acquiring an additional 750 shares during the period. Procyon Advisors LLC increased its position in shares of AON by 55.2% in the fourth quarter. Procyon Advisors LLC now owns 1,684 shares of the financial services provider’s stock worth $490,000 after acquiring an additional 599 shares in the last quarter. Sandy Cove Advisors LLC lifted its position in shares of AON by 8.4% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,448 shares of the financial services provider’s stock valued at $421,000 after acquiring an additional 112 shares in the last quarter. Dash Acquisitions Inc. boosted its stake in AON by 10.3% in the 4th quarter. Dash Acquisitions Inc. now owns 12,492 shares of the financial services provider’s stock worth $3,739,000 after purchasing an additional 1,170 shares during the period. Finally, Sendero Wealth Management LLC raised its stake in AON by 26.1% during the 4th quarter. Sendero Wealth Management LLC now owns 2,884 shares of the financial services provider’s stock valued at $839,000 after purchasing an additional 597 shares during the period. 86.14% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, insider Michael Neller sold 750 shares of AON stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the sale, the insider now directly owns 3,869 shares of the company’s stock, valued at approximately $1,207,128. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Michael Neller sold 750 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total value of $234,000.00. Following the transaction, the insider now directly owns 3,869 shares in the company, valued at $1,207,128. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Christa Davies sold 20,618 shares of the stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 159,570 shares in the company, valued at approximately $49,690,098. The disclosure for this sale can be found here. Insiders sold 74,532 shares of company stock worth $23,335,805 in the last quarter. Insiders own 1.15% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Research Report on AON
AON Stock Performance
NYSE:AON opened at $333.59 on Friday. The firm has a market capitalization of $66.15 billion, a PE ratio of 26.73, a PEG ratio of 2.31 and a beta of 0.86. Aon plc has a 1 year low of $284.85 and a 1 year high of $347.37. The firm’s fifty day simple moving average is $312.77 and its 200 day simple moving average is $316.73. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 61.66.
AON (NYSE:AON – Get Free Report) last issued its earnings results on Friday, February 2nd. The financial services provider reported $3.89 EPS for the quarter, missing the consensus estimate of $4.07 by ($0.18). The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.36 billion. AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $3.89 earnings per share. On average, sell-side analysts anticipate that Aon plc will post 15.78 EPS for the current 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 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 dividend yield of 0.74%. AON’s dividend payout ratio (DPR) is currently 19.71%.
AON 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.
Featured Stories
- Five stocks we like better than AON
- What Are Dividends? Buy the Best Dividend Stocks
- 3 Value Stocks Too Small For Buffett’s Portfolio
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- How to Calculate Options Profits
- Disney Stock Catches 3 Upgrades In a Single Week
Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.