Crossmark Global Holdings Inc. Has $2.52 Million Stock Holdings in Aon plc $AON

Crossmark Global Holdings Inc. lifted its holdings in shares of Aon plc (NYSE:AON) by 45.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,143 shares of the financial services provider’s stock after buying an additional 2,248 shares during the period. Crossmark Global Holdings Inc.’s holdings in AON were worth $2,521,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Sound View Wealth Advisors Group LLC boosted its stake in shares of AON by 1.5% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock worth $683,000 after buying an additional 29 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in shares of AON by 2.1% during the 4th quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock worth $558,000 after buying an additional 32 shares during the last quarter. Westpac Banking Corp boosted its stake in shares of AON by 5.6% during the 3rd quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock worth $221,000 after buying an additional 33 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in shares of AON by 1.8% during the 4th quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock worth $664,000 after buying an additional 33 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in shares of AON by 39.3% during the 4th quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock worth $41,000 after buying an additional 33 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AON

In other news, General Counsel Darren Zeidel sold 5,040 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $325.79, for a total transaction of $1,641,981.60. Following the transaction, the general counsel directly owned 20,254 shares of the company’s stock, valued at approximately $6,598,550.66. This trade represents a 19.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AON shares. JPMorgan Chase & Co. cut their target price on shares of AON from $406.00 to $396.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Citigroup raised their target price on shares of AON from $402.00 to $412.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Mizuho cut their target price on shares of AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of AON in a research note on Tuesday, April 21st. Finally, Cantor Fitzgerald raised their target price on shares of AON from $393.00 to $412.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Fourteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $397.88.

AON Stock Down 0.2%

AON stock opened at $312.07 on Tuesday. The stock has a market cap of $66.65 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.66 and a beta of 0.72. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. Aon plc has a twelve month low of $304.59 and a twelve month high of $381.00. The company’s 50-day moving average price is $324.33 and its two-hundred day moving average price is $335.92.

AON (NYSE:AON) last released its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating the consensus estimate of $6.37 by $0.11. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.67 EPS. As a group, analysts expect that Aon plc will post 19.04 EPS for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a dividend of $0.82 per share. This is a boost from AON’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 1st. AON’s payout ratio is 16.36%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.