41,747 Aon plc $AON Shares Bought by Keybank National Association OH

Keybank National Association OH raised its holdings in shares of Aon plc (NYSE:AON) by 582.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,914 shares of the financial services provider’s stock after buying an additional 41,747 shares during the period. Keybank National Association OH’s holdings in AON were worth $13,538,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB raised its stake in AON by 5.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 650 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 33 shares during the period. Aspen Grove Capital LLC boosted its position in shares of AON by 4.8% in the first quarter. Aspen Grove Capital LLC now owns 737 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 34 shares during the period. Novem Group boosted its position in shares of AON by 1.0% in the third quarter. Novem Group now owns 3,460 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 35 shares during the period. KCM Investment Advisors LLC boosted its position in shares of AON by 6.2% in the first quarter. KCM Investment Advisors LLC now owns 651 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 38 shares during the period. Finally, RDA Financial Network increased its stake in shares of AON by 2.9% in the second quarter. RDA Financial Network now owns 1,451 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 41 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Stock Up 0.0%

Shares of AON opened at $336.36 on Thursday. Aon plc has a 52-week low of $266.33 and a 52-week high of $382.34. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 2.58. The business has a fifty day moving average of $300.58 and a 200 day moving average of $325.94. The company has a market cap of $71.36 billion, a PE ratio of 18.42, a P/E/G ratio of 1.77 and a beta of 0.63.

AON (NYSE:AON) last announced its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.30 by $0.06. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. AON had a net margin of 22.24% and a return on equity of 40.46%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.05 earnings per share. On average, sell-side analysts expect that Aon plc will post 18.47 EPS for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 2nd. AON’s dividend payout ratio (DPR) is currently 17.96%.

Insider Activity

In other AON news, Director Lester Knight acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was bought at an average price of $327.48 per share, for a total transaction of $6,549,600.00. Following the acquisition, the director directly owned 163,000 shares in the company, valued at $53,379,240. The trade was a 13.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on AON from $412.00 to $362.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. Raymond James Financial raised shares of AON from an “underperform” rating to a “market perform” rating in a report on Monday, November 2nd. Morgan Stanley reduced their price objective on shares of AON from $410.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 6th. BMO Capital Markets raised shares of AON from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $319.00 to $380.00 in a report on Tuesday, November 3rd. Finally, Zacks Research lowered shares of AON from a “hold” rating to a “strong sell” rating in a research report on Monday, October 26th. Thirteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, AON currently has an average rating of “Hold” and a consensus target price of $369.12.

About AON

Aon plc is a global professional services firm that helps organizations manage risk and make decisions about their people and finances. Its services include insurance brokerage, risk consulting, reinsurance solutions, employee benefits consulting and retirement and investment advisory services. The company serves businesses and institutions across a broad range of industries and geographies. Aon was formed in 1982 as Ryan Insurance Group and adopted the Aon name in 1987. It is headquartered in Dublin, Ireland, and operates internationally.