Aon plc (NYSE:AON) Stock Position Decreased by McAdam LLC

McAdam LLC trimmed its stake in shares of Aon plc (NYSE:AON) by 4.2% during the fourth quarter, Holdings Channel reports. The firm owned 2,770 shares of the financial services provider’s stock after selling 121 shares during the period. McAdam LLC’s holdings in AON were worth $806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. BKM Wealth Management LLC acquired a new position in AON during the 4th quarter valued at about $25,000. Milestone Investment Advisors LLC bought a new stake in AON during the 3rd quarter valued at $30,000. Headlands Technologies LLC bought a new position in shares of AON in the third quarter worth $39,000. Bruce G. Allen Investments LLC acquired a new position in shares of AON during the fourth quarter valued at $40,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in AON in the fourth quarter worth about $43,000. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on AON shares. Bank of America dropped their price target on shares of AON from $378.00 to $345.00 and set a “neutral” rating on the stock in a research report on Monday. Royal Bank of Canada cut their target price on AON from $325.00 to $315.00 and set a “sector perform” rating for the company in a research report on Monday. Wells Fargo & Company lowered their price target on AON from $300.00 to $289.00 and set an “underweight” rating on the stock in a research report on Monday. JPMorgan Chase & Co. upped their price objective on AON from $318.00 to $353.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, 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 report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $329.69.

Insider Buying and Selling

In other AON news, insider Michael Neller sold 750 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were 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 of the company’s stock, valued at $1,207,128. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AON news, insider Michael Neller sold 750 shares of the business’s 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 owns 3,869 shares of the company’s stock, valued at $1,207,128. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa Stevens sold 13,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the transaction, the insider now directly owns 10,073 shares in the company, valued at approximately $3,175,613.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,532 shares of company stock worth $23,335,805. Insiders own 1.15% of the company’s stock.

AON Price Performance

NYSE:AON opened at $281.07 on Tuesday. The stock’s 50-day moving average is $316.50 and its two-hundred day moving average is $313.67. The stock has a market cap of $55.80 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 1.72 and a beta of 0.86. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $347.37.

AON (NYSE:AON) last released its 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 negative return on equity of 1,083.00% and a net margin of 19.04%. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the previous year, the company earned $5.17 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Aon plc will post 15.82 earnings per share for the current year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders 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 is an increase from AON’s previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.96%. AON’s dividend payout ratio (DPR) is 19.28%.

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.