Aon plc $AON Stock: RDA Financial Network Grows Stake

RDA Financial Network boosted its holdings in shares of Aon plc (NYSE:AON) by 343.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,440 shares of the financial services provider’s stock after acquiring an additional 4,989 shares during the quarter. RDA Financial Network’s holdings in AON were worth $1,782,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AON. Ninety One UK Ltd lifted its stake in shares of AON by 419.8% during the 3rd quarter. Ninety One UK Ltd now owns 836,932 shares of the financial services provider’s stock worth $231,638,000 after purchasing an additional 675,919 shares during the last quarter. State of Alaska Department of Revenue boosted its position in AON by 740.2% during the third quarter. State of Alaska Department of Revenue now owns 218,679 shares of the financial services provider’s stock valued at $60,524,000 after purchasing an additional 192,652 shares in the last quarter. Ashurst Perkins Coie Trust Co purchased a new position in AON in the third quarter valued at about $60,000. Triangle Securities Wealth Management bought a new position in AON in the third quarter worth about $297,000. Finally, Mather Group LLC. lifted its position in shares of AON by 350.9% during the third quarter. Mather Group LLC. now owns 12,675 shares of the financial services provider’s stock valued at $3,508,000 after buying an additional 9,864 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

NYSE AON traded up $11.72 on Thursday, hitting $287.07. 1,072,816 shares of the company’s stock traded hands, compared to its average volume of 1,526,026. The firm’s 50-day moving average price is $313.65 and its two-hundred day moving average price is $326.52. The firm has a market capitalization of $60.89 billion, a PE ratio of 15.83, a P/E/G ratio of 1.44 and a beta of 0.70. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34. Aon plc has a 1-year low of $266.33 and a 1-year high of $382.34.

AON (NYSE:AON) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.01. AON had a net margin of 22.27% and a return on equity of 42.13%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the prior year, the business earned $3.49 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, analysts expect that Aon plc will post 18.74 EPS for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be issued a $0.82 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 1.1%. AON’s payout ratio is presently 18.08%.

Insider Activity at AON

In other news, Director Lester B. Knight bought 20,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average cost of $327.48 per share, with a total value of $6,549,600.00. Following the acquisition, the director directly owned 163,000 shares in the company, valued at $53,379,240. This trade represents a 13.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Darren Zeidel sold 1,900 shares of AON stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total transaction of $717,744.00. Following the transaction, the general counsel directly owned 11,504 shares of the company’s stock, valued at approximately $4,345,751.04. This trade represents a 14.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AON has been the subject of several recent analyst reports. TD Cowen raised their target price on shares of AON from $416.00 to $420.00 and gave the company a “buy” rating in a research note on Monday, September 14th. Wall Street Zen lowered shares of AON from a “hold” rating to a “sell” rating in a report on Sunday, September 6th. Barclays cut their target price on AON from $382.00 to $317.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 7th. Wells Fargo & Company reduced their target price on AON from $383.00 to $323.00 and set an “overweight” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group lifted their price target on AON from $375.00 to $401.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Twelve research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, AON presently has a consensus rating of “Moderate Buy” and an average price target of $367.59.

AON Profile

Aon plc is a global professional services firm that helps organizations manage risk, make better decisions and improve performance. Its services are organized around risk capital and human capital, combining advisory expertise, data, analytics and insurance-related solutions.

The company provides commercial risk brokerage and consulting, reinsurance brokerage, retirement and investment advisory services, health benefits consulting, talent and compensation consulting, and related technology and data products.