Aon plc (NYSE:AON) Shares Acquired by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. grew its holdings in Aon plc (NYSE:AON) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 65,757 shares of the financial services provider’s stock after buying an additional 1,784 shares during the quarter. AON comprises about 1.6% of Financiere des Professionnels Fonds d investissement inc.’s investment portfolio, making the stock its 9th largest holding. Financiere des Professionnels Fonds d investissement inc.’s holdings in AON were worth $23,617,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AON. Endeavor Private Wealth Inc. acquired a new position in shares of AON in the fourth quarter worth $29,000. Richardson Financial Services Inc. grew its stake in shares of 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 purchasing an additional 81 shares in the last quarter. Anchor Investment Management LLC grew its stake in shares of AON by 1,162.5% during 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 in the last quarter. First Personal Financial Services acquired a new position in shares of AON during the third quarter worth $37,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of AON during the third quarter worth $42,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, COO Mindy F. Simon sold 650 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This represents a 13.63 % 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.

AON Price Performance

Shares of NYSE:AON opened at $387.22 on Monday. The company has a 50-day simple moving average of $365.76 and a 200-day simple moving average of $359.57. Aon plc has a one year low of $268.06 and a one year high of $395.33. 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 stock has a market capitalization of $83.74 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.09 and a beta of 0.93.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period in the previous year, the business earned $3.89 earnings per share. On average, analysts predict that Aon plc will post 17.24 EPS for the current year.

AON Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. BMO Capital Markets boosted their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Royal Bank of Canada boosted their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Piper Sandler boosted their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Finally, Barclays upped their price objective on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. One 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 MarketBeat, AON presently has an average rating of “Hold” and a consensus price target of $386.21.

About AON

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.