Aon plc (NYSE:AON) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its holdings in shares of Aon plc (NYSE:AONFree Report) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,372 shares of the financial services provider’s stock after purchasing an additional 3,113 shares during the quarter. Royal London Asset Management Ltd.’s holdings in AON were worth $26,065,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AON. Moneta Group Investment Advisors LLC raised its position in shares of AON by 106,777.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,817,279 shares of the financial services provider’s stock worth $845,578,000 after buying an additional 2,814,643 shares during the period. Norges Bank purchased a new position in shares of AON in the 4th quarter worth $341,922,000. Sustainable Growth Advisers LP raised its position in shares of AON by 41.8% in the 2nd quarter. Sustainable Growth Advisers LP now owns 2,547,402 shares of the financial services provider’s stock worth $879,363,000 after buying an additional 751,015 shares during the period. Morgan Stanley raised its position in shares of AON by 38.7% in the 4th quarter. Morgan Stanley now owns 2,223,478 shares of the financial services provider’s stock worth $667,355,000 after buying an additional 620,067 shares during the period. Finally, Barclays PLC raised its position in AON by 200.5% in the second quarter. Barclays PLC now owns 831,903 shares of the financial services provider’s stock valued at $287,171,000 after purchasing an additional 555,078 shares during the period. 86.45% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of AON stock opened at $316.75 on Friday. Aon plc has a 12-month low of $280.89 and a 12-month high of $347.37. The firm has a market capitalization of $62.81 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. The business has a 50 day simple moving average of $304.87 and a 200 day simple moving average of $317.54. The company has a debt-to-equity ratio of 61.66, a current ratio of 1.27 and a quick ratio of 1.27.

AON (NYSE:AONGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period last year, the company earned $3.89 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that Aon plc will post 15.87 EPS for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were given a $0.615 dividend. The ex-dividend date was Wednesday, January 31st. This represents a $2.46 dividend on an annualized basis and a yield of 0.78%. AON’s dividend payout ratio (DPR) is 19.71%.

Insiders Place Their Bets

In other AON 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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Lisa Stevens sold 13,000 shares of the stock in a transaction 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 sale, the insider now owns 10,073 shares in the company, valued at approximately $3,175,613.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Neller sold 750 shares of the stock in a transaction 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 sale, the insider now owns 3,869 shares of the company’s stock, valued at approximately $1,207,128. The disclosure for this sale can be found here. Insiders sold 74,532 shares of company stock worth $23,335,805 over the last ninety days. Company insiders own 1.15% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the topic of several research reports. Wells Fargo & Company cut their price objective on AON from $304.00 to $295.00 and set an “underweight” rating on the stock in a research report on Thursday, December 21st. BMO Capital Markets dropped their target price 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. TD Cowen started coverage on AON in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price target for the company. Keefe, Bruyette & Woods downgraded AON from a “market perform” rating to an “underperform” rating and set a $328.00 price target for the company. in a research note on Friday, December 15th. Finally, The Goldman Sachs Group decreased their price target on AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $336.36.

Check Out Our Latest Report on AON

About AON

(Free Report)

Aon plc, a professional services firm, provides advisory and solutions to clients focused on risk, retirement, and health 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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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