Schechter Investment Advisors LLC Has $1.24 Million Stock Holdings in Aon plc (NYSE:AON)

Schechter Investment Advisors LLC decreased its holdings in shares of Aon plc (NYSE:AON) by 19.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor 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 SEC filing.

Several other institutional investors have also recently bought and sold shares of AON. Panagora Asset Management Inc. raised its holdings 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 buying an additional 1,289 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of AON by 134.6% in the 1st 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 in the last quarter. Baird Financial Group Inc. grew its stake in shares of AON by 16.1% in the 1st 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 in the last quarter. Zions Bancorporation N.A. grew its stake in shares of AON by 46.0% in the 1st quarter. Zions Bancorporation N.A. now owns 1,276 shares of the financial services provider’s stock worth $416,000 after acquiring an additional 402 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of AON by 5.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 4,544 shares of the financial services provider’s stock worth $1,480,000 after acquiring an additional 226 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 1.2 %

Shares of AON stock opened at $333.79 on Thursday. The company’s 50-day moving average price is $312.16 and its 200-day moving average price is $316.61. The company has a market cap of $66.19 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 2.28 and a beta of 0.86. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 61.66. Aon plc has a 12-month low of $284.85 and a 12-month high of $347.37.

AON (NYSE:AON) last issued its quarterly earnings results 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 net margin of 19.17% and a negative return on equity of 1,150.40%. The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the previous year, the business earned $3.89 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts expect that Aon plc will post 15.78 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were issued a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Wednesday, January 31st. AON’s dividend payout ratio is 19.71%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AON. Wells Fargo & Company reduced their target price on shares of AON from $304.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, December 21st. Keefe, Bruyette & Woods lowered shares of AON from a “market perform” rating to an “underperform” rating and set a $328.00 price target for the company. in a research report on Friday, December 15th. BMO Capital Markets reduced their price target on shares of AON from $350.00 to $325.00 and set a “market perform” rating for the company in a research report on Friday, December 22nd. The Goldman Sachs Group reduced their price target on shares of AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, January 9th. Finally, Piper Sandler increased their price target on shares of AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $336.36.

Insider Transactions at AON

In related 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 price of $301.97 per share, for a total transaction of $15,098,500.00. Following the completion of the acquisition, the director now directly owns 134,000 shares in the company, valued at approximately $40,463,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Lester B. Knight acquired 50,000 shares of the stock in a transaction 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 owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Christa Davies sold 40,164 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $313.29, for a total value of $12,582,979.56. Following the transaction, the chief financial officer now directly owns 159,570 shares of the company’s stock, valued at approximately $49,991,685.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,532 shares of company stock worth $23,335,805. Insiders own 1.15% of the company’s stock.

AON Company 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.