Dash Acquisitions Inc. Acquires 753 Shares of Aon plc (NYSE:AON)

Dash Acquisitions Inc. boosted its holdings in Aon plc (NYSE:AON) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,371 shares of the financial services provider’s stock after buying an additional 753 shares during the period. AON makes up 1.9% of Dash Acquisitions Inc.’s investment portfolio, making the stock its 19th biggest holding. Dash Acquisitions Inc.’s holdings in AON were worth $8,310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB bought a new position in AON in the third quarter valued at $20,856,000. Whittier Trust Co. lifted its stake in shares of AON by 4.4% in the 3rd quarter. Whittier Trust Co. now owns 5,266 shares of the financial services provider’s stock valued at $1,822,000 after purchasing an additional 224 shares during the period. Sequoia Financial Advisors LLC grew its position in AON by 66.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,721 shares of the financial services provider’s stock valued at $4,401,000 after purchasing an additional 5,101 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of AON by 9.0% during the third quarter. Signaturefd LLC now owns 2,646 shares of the financial services provider’s stock valued at $916,000 after purchasing an additional 219 shares in the last quarter. Finally, Eastern Bank purchased a new stake in AON in the third quarter worth approximately $43,000. 86.14% of the stock is currently owned by institutional investors.

AON Stock Performance

NYSE AON opened at $394.85 on Thursday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.65. The firm has a market capitalization of $85.40 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 2.13 and a beta of 0.93. The stock’s fifty day moving average is $367.38 and its two-hundred day moving average is $360.88. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate 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 firm posted $3.89 EPS. On average, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s payout ratio is 21.33%.

Insider Buying and Selling at AON

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Barclays lifted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Wells Fargo & Company raised their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price target on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. 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 stock. According to MarketBeat.com, AON has a consensus rating of “Hold” and an average target price of $386.21.

AON Company Profile

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.