Los Angeles Capital Management LLC Boosts Holdings in Aon plc (NYSE:AON)

Los Angeles Capital Management LLC boosted its holdings in shares of Aon plc (NYSE:AON) by 222.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,714 shares of the financial services provider’s stock after acquiring an additional 10,151 shares during the period. Los Angeles Capital Management LLC’s holdings in AON were worth $4,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AON. Integrated Advisors Network LLC raised its position in AON by 5.1% in the third quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 32 shares during the period. Capital Planning Advisors LLC boosted its stake in AON by 0.3% during the 3rd quarter. Capital Planning Advisors LLC now owns 11,793 shares of the financial services provider’s stock worth $3,824,000 after purchasing an additional 35 shares during the period. Valley Wealth Managers Inc. lifted its position in AON by 4.9% during the 3rd quarter. Valley Wealth Managers Inc. now owns 777 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 36 shares during the period. Lincoln National Corp grew its position in AON by 0.7% in the 3rd quarter. Lincoln National Corp now owns 5,446 shares of the financial services provider’s stock valued at $1,766,000 after buying an additional 37 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in AON by 2.2% during the third quarter. Atria Wealth Solutions Inc. now owns 1,727 shares of the financial services provider’s stock worth $560,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Down 0.0 %

Shares of NYSE:AON opened at $279.97 on Monday. Aon plc has a 1 year low of $268.06 and a 1 year high of $347.37. The firm has a fifty day moving average price of $313.86 and a 200 day moving average price of $312.39. The stock has a market capitalization of $60.87 billion, a PE ratio of 21.94, a P/E/G ratio of 1.77 and a beta of 0.90.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period in the prior year, the company posted $5.17 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts forecast that Aon plc will post 15.59 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.96%. This is a boost from AON’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, April 30th. AON’s payout ratio is presently 21.16%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AON. UBS Group cut their price target on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a report on Monday, February 5th. The Goldman Sachs Group cut their price target 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. Wells Fargo & Company reduced their price objective on AON from $300.00 to $289.00 and set an “underweight” rating for the company in a research report on Monday, April 29th. JPMorgan Chase & Co. raised their price target on AON from $318.00 to $353.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, Piper Sandler cut their price target on shares of AON from $326.00 to $312.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Two research 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, the stock presently has an average rating of “Hold” and an average price target of $329.69.

Insider Activity at AON

In other AON news, insider Lisa Stevens sold 13,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $3,175,613.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Lisa Stevens sold 13,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 10,073 shares in the company, valued at $3,175,613.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Christa Davies sold 40,164 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $313.29, for a total transaction of $12,582,979.56. Following the transaction, the chief financial officer now directly owns 159,570 shares in the company, valued at approximately $49,991,685.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is owned by insiders.

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.