Kestra Investment Management LLC Makes New Investment in Aon plc (NYSE:AON)

Kestra Investment Management LLC bought a new position in Aon plc (NYSE:AON) in the fourth quarter, Holdings Channel reports. The firm bought 110 shares of the financial services provider’s stock, valued at approximately $39,000.

A number of other large investors have also bought and sold shares of the company. Diamond Hill Capital Management Inc. bought a new position in shares of AON in the third quarter worth $336,375,000. State Street Corp boosted its holdings in shares of AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after acquiring an additional 32,417 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of AON by 5.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock worth $9,530,000 after acquiring an additional 1,451 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of AON by 13.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock worth $57,345,000 after acquiring an additional 20,084 shares during the period. Finally, Retireful LLC bought a new position in shares of AON in the third quarter worth $759,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AON

In related news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. The trade was a 13.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now 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. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. BMO Capital Markets lifted their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Piper Sandler lifted their price objective on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Trading Down 0.9 %

Shares of AON stock opened at $389.51 on Friday. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The business has a 50-day moving average price of $368.55 and a two-hundred day moving average price of $361.81. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.65. The firm has a market cap of $84.13 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 2.14 and a beta of 0.93.

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 return on equity of 70.84% and a net margin of 16.91%. During the same period in the prior year, the company earned $3.89 EPS. Equities analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently disclosed 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 dividend payout ratio is currently 21.33%.

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.