FourThought Financial Partners LLC Sells 36 Shares of Aon plc (NYSE:AON)

FourThought Financial Partners LLC reduced its position in Aon plc (NYSE:AON) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,279 shares of the financial services provider’s stock after selling 36 shares during the quarter. FourThought Financial Partners LLC’s holdings in AON were worth $663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Fiera Capital Corp boosted its position in shares of AON by 410.9% during the 3rd quarter. Fiera Capital Corp now owns 654,446 shares of the financial services provider’s stock valued at $212,184,000 after acquiring an additional 526,353 shares in the last quarter. OMERS ADMINISTRATION Corp grew its stake in shares of AON by 61.5% in the 3rd quarter. OMERS ADMINISTRATION Corp now owns 602,637 shares of the financial services provider’s stock valued at $195,387,000 after purchasing an additional 229,500 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of AON by 5,151.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 227,445 shares of the financial services provider’s stock worth $73,742,000 after buying an additional 223,114 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of AON by 8.3% during the 4th quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock worth $678,406,000 after buying an additional 179,238 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in AON in the third quarter valued at $50,831,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the topic of several analyst reports. Piper Sandler lowered their target price on shares of AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Bank of America dropped their price objective on shares of AON from $378.00 to $345.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Keefe, Bruyette & Woods boosted their target price on AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Wells Fargo & Company dropped their price target on AON from $300.00 to $289.00 and set an “underweight” rating for the company in a report on Monday, April 29th. Finally, Morgan Stanley boosted their price objective on AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $329.69.

Insider Activity at AON

In other news, Director Lester B. Knight purchased 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average cost of $301.97 per share, for a total transaction of $15,098,500.00. Following the transaction, the director now directly owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Lisa Stevens sold 13,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 10,073 shares of the company’s stock, valued at $3,175,613.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lester B. Knight acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average price of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the transaction, the director now directly owns 134,000 shares in the company, valued at approximately $40,463,980. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is owned by insiders.

AON Stock Down 0.0 %

AON stock traded down $0.12 during midday trading on Friday, reaching $279.97. The stock had a trading volume of 1,750,917 shares, compared to its average volume of 1,416,371. The firm has a market cap of $60.87 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.77 and a beta of 0.90. Aon plc has a twelve month low of $268.06 and a twelve month high of $347.37. The business has a fifty day simple moving average of $313.86 and a two-hundred day simple moving average of $312.39.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing the consensus estimate of $5.86 by ($0.20). AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the prior year, the firm earned $5.17 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Aon plc will post 15.59 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.675 per share. The ex-dividend date is Tuesday, April 30th. 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 dividend yield of 0.96%. AON’s payout ratio is 21.16%.

AON Profile

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.