Deseret Mutual Benefit Administrators Sells 45 Shares of Aon plc (NYSE:AON)

Deseret Mutual Benefit Administrators decreased its holdings in shares of Aon plc (NYSE:AON) by 3.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,179 shares of the financial services provider’s stock after selling 45 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in AON were worth $423,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Endeavor Private Wealth Inc. acquired a new stake in shares of AON during the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. boosted its stake in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares in the last quarter. Anchor Investment Management LLC grew its holdings in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares during the period. First Personal Financial Services bought a new stake in AON in the third quarter valued at $37,000. Finally, Centricity Wealth Management LLC bought a new position in shares of AON during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

In other AON news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. The trade was a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Piper Sandler boosted their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Wells Fargo & Company increased their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. BMO Capital Markets boosted their price target on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Finally, Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $386.21.

AON Trading Down 0.9 %

Shares of AON stock opened at $389.51 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. The company has a market capitalization of $84.13 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.14 and a beta of 0.93. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.65. The company has a 50-day simple moving average of $368.55 and a two-hundred day simple moving average of $361.55.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period last year, the firm earned $3.89 earnings per share. Research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is 21.33%.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.