Truist Financial Corp Has $8.73 Million Stake in Aon plc (NYSE:AON)

Truist Financial Corp lowered its stake in shares of Aon plc (NYSE:AON) by 5.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 24,318 shares of the financial services provider’s stock after selling 1,385 shares during the period. Truist Financial Corp’s holdings in AON were worth $8,734,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. acquired a new position in AON during the 4th quarter valued at about $29,000. Richardson Financial Services Inc. boosted its stake in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after buying an additional 81 shares during the last quarter. Anchor Investment Management LLC boosted its stake in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares during the last quarter. First Personal Financial Services purchased a new position in shares of AON in the 3rd quarter worth approximately $37,000. Finally, R Squared Ltd purchased a new position in shares of AON in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on 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 boosted their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Wells Fargo & Company boosted their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Barclays boosted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Keefe, Bruyette & Woods upped their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Trading Down 0.9 %

Shares of AON stock opened at $389.51 on Friday. The company’s fifty day simple moving average is $368.55 and its two-hundred day simple moving average is $361.55. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.65. The stock has a market capitalization of $84.13 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.15 and a beta of 0.93.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business posted $3.89 EPS. As a group, analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s payout ratio is currently 21.33%.

Insider Transactions at AON

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

AON 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.