Catalytic Wealth RIA LLC Purchases 155 Shares of Aon plc (NYSE:AON)

Catalytic Wealth RIA LLC increased its position in shares of Aon plc (NYSE:AON) by 17.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,037 shares of the financial services provider’s stock after purchasing an additional 155 shares during the period. Catalytic Wealth RIA LLC’s holdings in AON were worth $346,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AON. Signaturefd LLC increased its holdings in AON by 1.8% in the fourth quarter. Signaturefd LLC now owns 2,149 shares of the financial services provider’s stock valued at $625,000 after purchasing an additional 38 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in AON by 3.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,246 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 38 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in AON by 3.9% in the first quarter. Proficio Capital Partners LLC now owns 1,016 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 38 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in AON by 5.5% in the first quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 38 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in AON by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,724 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 39 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Activity at AON

In other AON news, Director Lester B. Knight acquired 10,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the transaction, the director now directly owns 139,000 shares in the company, valued at approximately $38,448,790. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AON. Keefe, Bruyette & Woods upped their price objective on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Bank of America downgraded AON from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $345.00 to $306.00 in a report on Wednesday, May 22nd. Citigroup initiated coverage on AON in a report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $315.00 price target on shares of AON in a report on Tuesday, June 18th. Finally, JPMorgan Chase & Co. increased their price target on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $321.36.

AON Trading Up 1.0 %

Shares of AON stock traded up $2.95 on Monday, hitting $299.12. 890,738 shares of the stock were exchanged, compared to its average volume of 1,280,107. The firm has a market capitalization of $65.04 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 1.97 and a beta of 0.91. The business has a 50-day moving average of $291.43 and a 200 day moving average of $302.40. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $344.68.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing the consensus estimate of $5.86 by ($0.20). AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the company posted $5.17 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, research analysts forecast that Aon plc will post 15.41 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a dividend of $0.675 per share. The ex-dividend date is Thursday, August 1st. This represents a $2.70 annualized dividend and a yield of 0.90%. AON’s dividend payout ratio (DPR) is presently 21.16%.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.