Venturi Wealth Management LLC Lowers Stock Position in Aon plc (NYSE:AON)

Venturi Wealth Management LLC decreased its stake in Aon plc (NYSE:AON) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,738 shares of the financial services provider’s stock after selling 447 shares during the period. Venturi Wealth Management LLC’s holdings in AON were worth $1,343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. CIBC Asset Management Inc grew its position in AON by 1.1% during the fourth quarter. CIBC Asset Management Inc now owns 188,201 shares of the financial services provider’s stock valued at $67,522,000 after acquiring an additional 2,045 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in AON by 59.2% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 135 shares during the period. Principal Financial Group Inc. lifted its stake in AON by 5.1% in the fourth quarter. Principal Financial Group Inc. now owns 267,374 shares of the financial services provider’s stock worth $96,030,000 after purchasing an additional 12,893 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. boosted its position in AON by 2.8% during the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 65,757 shares of the financial services provider’s stock valued at $23,617,000 after buying an additional 1,784 shares during the period. Finally, MOKAN Wealth Management Inc. purchased a new stake in shares of AON during the fourth quarter valued at approximately $1,086,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Up 1.0 %

Shares of NYSE AON opened at $390.73 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The firm’s 50-day moving average price is $366.73 and its 200-day moving average price is $360.64. The stock has a market capitalization of $84.50 billion, a price-to-earnings ratio of 30.86, a P/E/G ratio of 2.11 and a beta of 0.93. Aon plc has a 12-month low of $268.06 and a 12-month high of $395.33.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter last year, the business posted $3.89 earnings per share. On average, equities research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.69%. AON’s dividend payout ratio (DPR) is presently 21.33%.

Insider Buying and Selling

In related news, COO Mindy F. Simon sold 650 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AON has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Royal Bank of Canada increased their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Wells Fargo & Company boosted their target price on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, TD Cowen increased their price target on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AON has a consensus rating of “Hold” and a consensus target price of $386.21.

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.