Carderock Capital Management Inc. Boosts Stake in Aon plc (NYSE:AON)

Carderock Capital Management Inc. lifted its holdings in Aon plc (NYSE:AONFree Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,768 shares of the financial services provider’s stock after buying an additional 462 shares during the quarter. AON accounts for 2.1% of Carderock Capital Management Inc.’s portfolio, making the stock its 22nd biggest holding. Carderock Capital Management Inc.’s holdings in AON were worth $7,499,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BKM Wealth Management LLC purchased a new stake in shares of AON in the fourth quarter valued at approximately $25,000. Milestone Investment Advisors LLC purchased a new stake in AON during the third quarter worth $30,000. Quarry LP purchased a new stake in AON during the first quarter worth $31,000. Headlands Technologies LLC purchased a new stake in AON during the third quarter worth $39,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in AON during the fourth quarter worth $40,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. JPMorgan Chase & Co. upgraded AON from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $351.00 to $321.00 in a research report on Monday, January 8th. Royal Bank of Canada decreased their target price on AON from $342.00 to $325.00 and set a “sector perform” rating on the stock in a research report on Monday, February 5th. Keefe, Bruyette & Woods downgraded AON from a “market perform” rating to an “underperform” rating and set a $328.00 price objective on the stock. in a research report on Friday, December 15th. BMO Capital Markets reduced their price objective on AON from $350.00 to $325.00 and set a “market perform” rating on the stock in a research report on Friday, December 22nd. Finally, TD Cowen initiated coverage on AON in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $336.36.

Check Out Our Latest Stock Report on AON

AON Trading Down 1.5 %

AON stock opened at $324.60 on Thursday. The firm has a market capitalization of $64.37 billion, a P/E ratio of 26.01, a PEG ratio of 2.28 and a beta of 0.86. The stock has a fifty day moving average price of $314.71 and a 200 day moving average price of $316.48. Aon plc has a 52 week low of $284.85 and a 52 week high of $347.37.

AON (NYSE:AONGet Free Report) last released 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 business had revenue of $3.38 billion during the quarter, compared to analyst estimates 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 for the quarter 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, equities analysts predict that Aon plc will post 15.78 EPS for the current year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders 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 yield of 0.76%. AON’s dividend payout ratio is presently 19.71%.

Insiders Place Their Bets

In other AON news, CFO Christa Davies sold 20,618 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $311.40, for a total transaction of $6,420,445.20. Following the completion of the sale, the chief financial officer now directly owns 159,570 shares in the company, valued at $49,690,098. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Lester B. Knight bought 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average cost of $301.97 per share, for a total transaction of $15,098,500.00. Following the acquisition, the director now owns 134,000 shares in the company, valued at approximately $40,463,980. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Christa Davies sold 20,618 shares of the firm’s 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 owns 159,570 shares in the company, valued at $49,690,098. The disclosure for this sale can be found here. Insiders sold 74,532 shares of company stock worth $23,335,805 over the last three months. 1.15% of the stock is owned by insiders.

About AON

(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.

See Also

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Institutional Ownership by Quarter for AON (NYSE:AON)

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