Larson Financial Group LLC Decreases Stock Holdings in Aon plc (NYSE:AON)

Larson Financial Group LLC cut its stake in Aon plc (NYSE:AON) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,238 shares of the financial services provider’s stock after selling 206 shares during the period. Larson Financial Group LLC’s holdings in AON were worth $1,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiera Capital Corp raised its holdings in shares of AON by 410.9% in the third quarter. Fiera Capital Corp now owns 654,446 shares of the financial services provider’s stock valued at $212,184,000 after buying an additional 526,353 shares during the last quarter. OMERS ADMINISTRATION Corp raised its holdings in shares of AON by 61.5% in the third quarter. OMERS ADMINISTRATION Corp now owns 602,637 shares of the financial services provider’s stock valued at $195,387,000 after buying an additional 229,500 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of AON by 5,151.6% in the third quarter. Assenagon Asset Management S.A. now owns 227,445 shares of the financial services provider’s stock valued at $73,742,000 after buying an additional 223,114 shares during the last quarter. James Hambro & Partners purchased a new stake in shares of AON in the third quarter valued at about $66,035,000. Finally, Mackenzie Financial Corp raised its holdings in shares of AON by 8.3% in the fourth quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock valued at $678,406,000 after buying an additional 179,238 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Up 0.6 %

Shares of AON stock traded up $1.99 during trading hours on Tuesday, hitting $313.01. The company’s stock had a trading volume of 182,186 shares, compared to its average volume of 983,113. The business has a fifty day moving average of $317.79 and a 200-day moving average of $314.64. The stock has a market cap of $62.14 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 1.88 and a beta of 0.86. Aon plc has a twelve month low of $284.85 and a twelve month high of $347.37.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.07 by ($0.18). The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.36 billion. AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.89 EPS. On average, equities analysts expect that Aon plc will post 15.82 EPS for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.675 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a yield of 0.86%. This is an increase from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio (DPR) is currently 19.71%.

Analyst Upgrades and Downgrades

AON has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 9th. UBS Group dropped their price target on shares of AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a research note on Monday, February 5th. TD Cowen started coverage on shares of AON in a research note on Wednesday, January 10th. They set an “outperform” rating and a $390.00 price target on the stock. JPMorgan Chase & Co. upped their target price on shares of AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada lowered their target price on shares of AON from $342.00 to $325.00 and set a “sector perform” rating on the stock in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $334.69.

Insider Buying and Selling at AON

In related news, Director Lester B. Knight purchased 50,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were bought at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the acquisition, the director now directly owns 134,000 shares in the company, valued at $40,463,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Lester B. Knight purchased 50,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were bought at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the acquisition, the director now directly owns 134,000 shares in the company, valued at $40,463,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christa Davies sold 40,164 shares of AON stock in a transaction on Friday, February 16th. The shares were sold at an average price of $313.29, for a total transaction of $12,582,979.56. Following the transaction, the chief financial officer now owns 159,570 shares in the company, valued at approximately $49,991,685.30. The disclosure for this sale can be found here. Insiders have sold a total of 74,532 shares of company stock worth $23,335,805 in the last quarter. 1.15% of the stock is owned by insiders.

About AON

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.