Greenleaf Trust Grows Stock Holdings in Aon plc (NYSE:AON)

Greenleaf Trust lifted its holdings in shares of Aon plc (NYSE:AON) by 15.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,737 shares of the financial services provider’s stock after purchasing an additional 621 shares during the quarter. Greenleaf Trust’s holdings in AON were worth $1,701,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Endeavor Private Wealth Inc. purchased a new stake in AON in the 4th quarter valued at about $29,000. Richardson Financial Services Inc. grew its holdings 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 increased its position in 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 during the last quarter. First Personal Financial Services purchased a new position in AON during the third quarter worth approximately $37,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of AON during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Jefferies Financial Group lifted their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods dropped their target price on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company upgraded shares of AON from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $377.00 to $410.00 in a research note on Tuesday, January 14th. Finally, BMO Capital Markets raised their target price 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $370.87.

AON Stock Performance

Shares of AON opened at $371.39 on Monday. Aon plc has a 52-week low of $268.06 and a 52-week high of $395.33. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market cap of $80.32 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 2.02 and a beta of 0.93. The business’s 50 day moving average is $366.35 and its two-hundred day moving average is $354.12.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the company posted $3.89 earnings per share. Analysts forecast that Aon plc will post 17.39 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.675 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.73%. AON’s payout ratio is 21.33%.

Insider Activity at AON

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

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.