Savant Capital LLC Raises Stock Position in Aon plc (NYSE:AON)

Savant Capital LLC boosted its position in Aon plc (NYSE:AON) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,854 shares of the financial services provider’s stock after purchasing an additional 427 shares during the period. Savant Capital LLC’s holdings in AON were worth $2,868,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Mission Wealth Management LP increased its stake in AON by 1.0% in the 4th quarter. Mission Wealth Management LP now owns 5,846 shares of the financial services provider’s stock worth $1,701,000 after buying an additional 56 shares in the last quarter. Penobscot Investment Management Company Inc. lifted its holdings in AON by 5.9% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 900 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 50 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in AON by 59.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 1,974 shares of the financial services provider’s stock valued at $574,000 after buying an additional 739 shares in the last quarter. Gitterman Wealth Management LLC grew its stake in AON by 71.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,582 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 658 shares in the last quarter. Finally, C WorldWide Group Holding A S boosted its holdings in shares of AON by 7.0% during the 4th quarter. C WorldWide Group Holding A S now owns 828,764 shares of the financial services provider’s stock valued at $241,187,000 after purchasing an additional 54,166 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AON

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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Michael Neller sold 750 shares of the stock in a transaction 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 sale, the insider now owns 3,869 shares in the company, valued at $1,207,128. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christa Davies sold 20,618 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $311.40, for a total transaction of $6,420,445.20. Following the completion of the sale, the chief financial officer now directly owns 159,570 shares in the company, valued at $49,690,098. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AON has been the topic of several recent analyst reports. TD Cowen assumed coverage on AON in a report on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. The Goldman Sachs Group cut their price target on shares of AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a report on Tuesday, January 9th. Piper Sandler lowered their price objective on shares of AON from $326.00 to $312.00 and set a “neutral” rating for the company in a research report on Monday. Finally, UBS Group reduced their target price on shares of AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a research report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, AON presently has an average rating of “Hold” and a consensus target price of $329.69.

AON Stock Up 0.5 %

Shares of AON opened at $283.55 on Thursday. The company has a 50 day moving average of $315.28 and a two-hundred day moving average of $313.15. The company has a market cap of $61.65 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 1.78 and a beta of 0.90. Aon plc has a twelve month low of $268.06 and a twelve month high of $347.37.

AON (NYSE:AON) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter last year, the business posted $5.17 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts expect that Aon plc will post 15.59 EPS for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.95%. This is an increase from AON’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, April 30th. AON’s dividend payout ratio is presently 21.16%.

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.