Aon plc (NYSE:AON) Position Lowered by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC decreased its stake in shares of Aon plc (NYSE:AON) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,265 shares of the financial services provider’s stock after selling 1,034 shares during the period. Schechter Investment Advisors LLC’s holdings in AON were worth $1,241,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AON. Panagora Asset Management Inc. raised its stake in AON by 34.7% during the first quarter. Panagora Asset Management Inc. now owns 5,003 shares of the financial services provider’s stock worth $1,629,000 after acquiring an additional 1,289 shares during the period. Sequoia Financial Advisors LLC raised its stake in AON by 134.6% during the first quarter. Sequoia Financial Advisors LLC now owns 1,633 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 937 shares during the period. Baird Financial Group Inc. raised its stake in AON by 16.1% during the first quarter. Baird Financial Group Inc. now owns 28,451 shares of the financial services provider’s stock worth $9,264,000 after acquiring an additional 3,948 shares during the period. Zions Bancorporation N.A. increased its stake in shares of AON by 46.0% in the first quarter. Zions Bancorporation N.A. now owns 1,276 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 402 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in shares of AON by 5.2% in the first quarter. Brown Brothers Harriman & Co. now owns 4,544 shares of the financial services provider’s stock valued at $1,480,000 after purchasing an additional 226 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered shares of AON from a “market perform” rating to an “underperform” rating and set a $328.00 price target on the stock. in a research note on Friday, December 15th. The Goldman Sachs Group lowered their price objective on shares of AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 9th. Wells Fargo & Company lowered their price objective on shares of AON from $304.00 to $295.00 and set an “underweight” rating on the stock in a research note on Thursday, December 21st. Royal Bank of Canada lowered their price objective on shares of AON from $342.00 to $325.00 and set a “sector perform” rating on the stock in a research note on Monday, February 5th. Finally, JPMorgan Chase & Co. upgraded shares of AON from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $351.00 to $321.00 in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, AON has an average rating of “Hold” and a consensus target price of $336.36.

AON Trading Up 1.2 %

AON stock opened at $333.79 on Thursday. The company has a 50 day moving average price of $312.16 and a 200 day moving average price of $316.61. Aon plc has a 52 week low of $284.85 and a 52 week high of $347.37. The company has a debt-to-equity ratio of 61.66, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $66.19 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 2.28 and a beta of 0.86.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 EPS for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the business posted $3.89 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts forecast that Aon plc will post 15.78 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were paid a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Wednesday, January 31st. AON’s dividend payout ratio (DPR) is currently 19.71%.

Insider Buying and Selling at AON

In related news, Director Lester B. Knight bought 50,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was bought at an average price of $301.97 per share, with a total value of $15,098,500.00. Following the purchase, the director now directly owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Lester B. Knight bought 50,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was bought at an average price of $301.97 per share, with a total value of $15,098,500.00. Following the purchase, the director now directly owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Neller sold 750 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total transaction of $234,000.00. Following the transaction, the insider now owns 3,869 shares in the company, valued at approximately $1,207,128. The disclosure for this sale can be found here. Insiders sold 74,532 shares of company stock valued at $23,335,805 in the last quarter. Company insiders own 1.15% of the company’s stock.

About AON

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.