Aon plc (NYSE:AON) Shares Purchased by Richardson Financial Services Inc.

Richardson Financial Services Inc. raised its position in Aon plc (NYSE:AON) by 2,025.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 85 shares of the financial services provider’s stock after buying an additional 81 shares during the quarter. Richardson Financial Services Inc.’s holdings in AON were worth $30,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AON. Diamond Hill Capital Management Inc. acquired a new position in AON during the third quarter valued at approximately $336,375,000. Vontobel Holding Ltd. lifted its holdings in shares of AON by 150.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock valued at $33,326,000 after acquiring an additional 57,847 shares in the last quarter. State Street Corp boosted its position in AON by 0.4% during the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock worth $3,059,977,000 after purchasing an additional 32,417 shares during the period. Nomura Asset Management Co. Ltd. raised its position in AON by 13.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock valued at $57,345,000 after purchasing an additional 20,084 shares during the period. Finally, Retireful LLC acquired a new position in shares of AON during the third quarter worth about $759,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Performance

Shares of AON stock opened at $371.39 on Monday. The company has a market cap of $80.32 billion, a P/E ratio of 31.34, a PEG ratio of 2.00 and a beta of 0.93. The business has a 50 day moving average of $366.35 and a two-hundred day moving average of $354.12. 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 2.05 and a debt-to-equity ratio of 2.66.

AON (NYSE:AON) last released its quarterly earnings data 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 107.43% and a net margin of 16.32%. During the same quarter last year, the company posted $3.89 earnings per share. As a group, analysts anticipate that Aon plc will post 15.43 EPS for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid 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 currently 22.78%.

Analysts Set New Price Targets

Several equities research analysts recently commented on AON shares. Jefferies Financial Group raised their target price on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. 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 report on Monday, November 4th. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Wells Fargo & Company raised shares of AON from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $377.00 to $410.00 in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods dropped their target price on AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $370.87.

Insider Activity

In other AON news, insider Lisa Stevens sold 1,275 shares of the business’s 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 sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $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. Corporate insiders own 1.30% of the company’s stock.

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.