Citizens Financial Group Inc. RI Has $7.49 Million Holdings in Aon plc (NYSE:AON)

Citizens Financial Group Inc. RI cut its position in Aon plc (NYSE:AON) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,735 shares of the financial services provider’s stock after selling 552 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in AON were worth $7,489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Markel Group Inc. boosted its holdings in AON by 5.8% in the 4th quarter. Markel Group Inc. now owns 105,350 shares of the financial services provider’s stock valued at $30,659,000 after purchasing an additional 5,800 shares during the period. Stevens Capital Management LP bought a new stake in AON in the 4th quarter valued at $1,460,000. Syon Capital LLC boosted its holdings in AON by 26.0% in the 4th quarter. Syon Capital LLC now owns 3,402 shares of the financial services provider’s stock valued at $990,000 after purchasing an additional 703 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in AON by 3.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,318 shares of the financial services provider’s stock valued at $1,257,000 after purchasing an additional 125 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its holdings in AON by 6.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,837 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 110 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AON has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their price target on shares of AON from $294.00 to $312.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Morgan Stanley lifted their target price on shares of AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Piper Sandler raised their price target on shares of AON from $306.00 to $326.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Royal Bank of Canada decreased their price objective on AON from $342.00 to $325.00 and set a “sector perform” rating on the stock in a report on Monday, February 5th. Finally, The Goldman Sachs Group cut their target price on AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, AON currently has a consensus rating of “Hold” and a consensus target price of $334.69.

Insider Buying and Selling

In related news, insider Michael Neller sold 750 shares of AON stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the sale, the insider now directly owns 3,869 shares in the company, valued at $1,207,128. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Michael Neller sold 750 shares of AON stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the sale, the insider now directly owns 3,869 shares in the company, valued at $1,207,128. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lisa Stevens sold 13,000 shares of AON stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the sale, the insider now owns 10,073 shares of the company’s stock, valued at $3,175,613.98. The disclosure for this sale can be found here. Insiders sold a total of 74,532 shares of company stock worth $23,335,805 over the last three months. 1.15% of the stock is currently owned by company insiders.

AON Stock Down 6.9 %

AON stock opened at $285.03 on Friday. The stock has a 50-day simple moving average of $317.11 and a 200 day simple moving average of $314.06. Aon plc has a 12-month low of $268.06 and a 12-month high of $347.37. The stock has a market capitalization of $56.58 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 1.72 and a beta of 0.86.

AON (NYSE:AON) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the firm earned $5.17 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Aon plc will post 15.82 EPS for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from AON’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, April 30th. AON’s payout ratio is currently 19.28%.

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.