Aon plc (NYSE:AON) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its position in shares of Aon plc (NYSE:AON) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,100 shares of the financial services provider’s stock after purchasing an additional 148 shares during the period. Bleakley Financial Group LLC’s holdings in AON were worth $3,627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AON. Endeavor Private Wealth Inc. acquired a new position in AON in the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. raised its position in AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 81 shares during the period. Anchor Investment Management LLC lifted its stake in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of AON during the 3rd quarter worth about $37,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in AON in the 3rd quarter valued at about $42,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

Shares of AON opened at $384.67 on Friday. The firm has a fifty day moving average price of $365.59 and a 200 day moving average price of $355.80. The stock has a market cap of $83.19 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the firm posted $3.89 earnings per share. As a group, sell-side analysts anticipate that Aon plc will post 17.39 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Insider Buying and Selling

In other AON news, insider Lisa Stevens sold 1,275 shares of the firm’s 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 completion of the sale, the insider now owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AON shares. Piper Sandler lifted their price target on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday. Royal Bank of Canada boosted their target price on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday. JPMorgan Chase & Co. raised their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. BMO Capital Markets boosted their price objective on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Finally, Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and raised their target price for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, AON presently has an average rating of “Hold” and an average target price of $386.21.

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.