TCV Trust & Wealth Management Inc. Takes $400,000 Position in Aon plc (NYSE:AON)

TCV Trust & Wealth Management Inc. acquired a new position in shares of Aon plc (NYSE:AON) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,115 shares of the financial services provider’s stock, valued at approximately $400,000.

A number of other institutional investors also recently bought and sold shares of AON. Community Bank & Trust Waco Texas purchased a new position in shares of AON during the fourth quarter worth about $222,000. Hartline Investment Corp grew its stake in shares of AON by 3.7% in the 4th quarter. Hartline Investment Corp now owns 2,750 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 97 shares during the last quarter. Savant Capital LLC increased its holdings in shares of AON by 1.7% in the fourth quarter. Savant Capital LLC now owns 10,995 shares of the financial services provider’s stock valued at $3,949,000 after purchasing an additional 185 shares during the period. Kestra Private Wealth Services LLC raised its stake in shares of AON by 26.5% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,312 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 275 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of AON by 28.9% during the fourth quarter. Empowered Funds LLC now owns 4,969 shares of the financial services provider’s stock worth $1,785,000 after purchasing an additional 1,114 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Stock Performance

Shares of AON stock opened at $384.23 on Wednesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. The stock has a market cap of $83.10 billion, a PE ratio of 30.35, a P/E/G ratio of 2.09 and a beta of 0.93. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The stock has a fifty day moving average price of $365.29 and a 200 day moving average price of $358.04.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period last year, the firm posted $3.89 EPS. Sell-side analysts forecast that Aon plc will post 17.24 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.675 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.70%. AON’s dividend payout ratio (DPR) is 21.33%.

Wall Street Analyst Weigh In

AON has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Royal Bank of Canada raised their price objective on shares of AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. BMO Capital Markets boosted their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Finally, Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and raised their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $386.21.

Insider Buying and Selling

In other AON news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the sale, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.