Heck Capital Advisors LLC Takes Position in Aon plc (NYSE:AON)

Heck Capital Advisors LLC bought a new position in Aon plc (NYSE:AON) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,892 shares of the financial services provider’s stock, valued at approximately $1,039,000.

A number of other institutional investors have also bought and sold shares of the business. Endeavor Private Wealth Inc. bought a new position in shares of AON in the fourth quarter worth about $29,000. Anchor Investment Management LLC lifted its holdings in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. First Personal Financial Services bought a new position in AON in the 3rd quarter worth approximately $37,000. RPg Family Wealth Advisory LLC bought a new stake in shares of AON during the third quarter valued at approximately $42,000. Finally, Eastern Bank purchased a new position in shares of AON in the third quarter worth $43,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Down 0.2 %

Shares of NYSE:AON opened at $371.39 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The business has a 50 day simple moving average of $366.65 and a two-hundred day simple moving average of $353.21. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The firm has a market capitalization of $80.32 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping 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 period last year, the business earned $3.89 EPS. On average, equities analysts predict that Aon plc will post 15.43 EPS for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.675 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.73%. AON’s dividend payout ratio (DPR) is 22.78%.

Analysts Set New Price Targets

A number of analysts have issued reports on AON shares. Barclays lifted their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. TD Cowen lifted their target price on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Bank of America increased their price target on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods cut their target price on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $370.87.

Insider Transactions at AON

In other AON news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This represents a 13.63 % 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.