Aon plc (NYSE:AON) Shares Purchased by SVB Wealth LLC

SVB Wealth LLC lifted its position in Aon plc (NYSE:AON) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,559 shares of the financial services provider’s stock after purchasing an additional 314 shares during the period. SVB Wealth LLC’s holdings in AON were worth $745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Lazard Asset Management LLC lifted its stake in shares of AON by 1.1% in the 3rd quarter. Lazard Asset Management LLC now owns 4,479,652 shares of the financial services provider’s stock valued at $1,452,390,000 after purchasing an additional 50,290 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of AON by 106,777.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,817,279 shares of the financial services provider’s stock valued at $845,578,000 after purchasing an additional 2,814,643 shares during the period. Mackenzie Financial Corp lifted its stake in shares of AON by 8.3% in the 4th quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock valued at $678,406,000 after purchasing an additional 179,238 shares during the period. Northern Trust Corp lifted its stake in shares of AON by 0.8% in the 3rd quarter. Northern Trust Corp now owns 2,244,909 shares of the financial services provider’s stock valued at $727,844,000 after purchasing an additional 18,500 shares during the period. Finally, Morgan Stanley lifted its stake in shares of AON by 38.7% in the 4th quarter. Morgan Stanley now owns 2,223,478 shares of the financial services provider’s stock valued at $667,355,000 after purchasing an additional 620,067 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Trading Up 0.5 %

Shares of AON opened at $310.19 on Friday. Aon plc has a 12-month low of $284.85 and a 12-month high of $347.37. The firm has a 50-day moving average price of $317.77 and a 200 day moving average price of $314.84. The firm has a market capitalization of $61.58 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.87 and a beta of 0.86.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 earnings per share (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 firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same period in the prior year, the company posted $3.89 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts predict that Aon plc will post 15.82 earnings per share for the current fiscal year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.675 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.87%. This is a positive change from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio is currently 19.71%.

Analyst Ratings Changes

A number of equities analysts have weighed in on AON shares. BMO Capital Markets reduced their price objective 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. Royal Bank of Canada reduced their price objective on shares of AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research report on Monday, February 5th. JPMorgan Chase & Co. upped their price objective on shares of AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods upped their price objective on shares of AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Finally, Piper Sandler upped their price objective on shares of AON from $306.00 to $326.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, AON has an average rating of “Hold” and a consensus target price of $334.69.

Insider Activity at AON

In related news, insider Michael Neller sold 750 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the sale, the insider now owns 3,869 shares of the company’s stock, valued at $1,207,128. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other AON news, insider Lisa Stevens sold 13,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the completion of the transaction, the insider now owns 10,073 shares of the company’s stock, valued at $3,175,613.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Neller sold 750 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $312.00, for a total transaction of $234,000.00. Following the transaction, the insider now directly owns 3,869 shares of the company’s stock, valued at approximately $1,207,128. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,532 shares of company stock valued at $23,335,805. 1.15% of the stock is owned by company insiders.

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.