Premier Fund Managers Ltd Sells 4,774 Shares of Aon plc (NYSE:AON)

Premier Fund Managers Ltd lowered its stake in Aon plc (NYSE:AONFree Report) by 44.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,977 shares of the financial services provider’s stock after selling 4,774 shares during the quarter. Premier Fund Managers Ltd’s holdings in AON were worth $1,730,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cubic Asset Management LLC bought a new stake in shares of AON in the 4th quarter valued at $1,050,000. Charles Schwab Investment Management Inc. grew its position in AON by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,058,309 shares of the financial services provider’s stock valued at $307,989,000 after purchasing an additional 5,727 shares during the period. Gryphon Financial Partners LLC grew its position in AON by 262.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock valued at $1,181,000 after purchasing an additional 2,989 shares during the period. Cerity Partners LLC grew its position in AON by 177.4% in the 4th quarter. Cerity Partners LLC now owns 18,461 shares of the financial services provider’s stock valued at $5,372,000 after purchasing an additional 11,806 shares during the period. Finally, Atria Wealth Solutions Inc. grew its position in AON by 6.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,837 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 110 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Activity at AON

In other news, Director Lester B. Knight acquired 10,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $276.61 per share, for a total transaction of $2,766,100.00. Following the purchase, the director now owns 139,000 shares of the company’s stock, valued at approximately $38,448,790. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AON. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $311.00 price target on shares of AON in a research report on Tuesday, May 28th. Royal Bank of Canada reduced their price target on shares of AON from $325.00 to $315.00 and set a “sector perform” rating for the company in a research report on Monday, April 29th. Morgan Stanley lifted their price target on shares of AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Citigroup began coverage on shares of AON in a research report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $321.86.

View Our Latest Stock Analysis on AON

AON Price Performance

Shares of NYSE AON traded up $3.24 during mid-day trading on Tuesday, reaching $284.50. 1,010,967 shares of the company’s stock were exchanged, compared to its average volume of 1,210,173. The firm has a market capitalization of $61.86 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 1.87 and a beta of 0.91. Aon plc has a 52 week low of $268.06 and a 52 week high of $347.37. The firm has a 50-day moving average price of $299.52 and a two-hundred day moving average price of $306.96.

AON (NYSE:AONGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share (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 firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm posted $5.17 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that Aon plc will post 15.48 EPS for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a $0.675 dividend. This is a boost from AON’s previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Tuesday, April 30th. AON’s payout ratio is currently 21.16%.

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.

Further Reading

Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon plc (NYSE:AONFree Report).

Institutional Ownership by Quarter for AON (NYSE:AON)

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