Aon plc (NYSE:AON) Shares Purchased by Lansing Street Advisors

Lansing Street Advisors boosted its holdings in Aon plc (NYSE:AON) by 25.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 734 shares of the financial services provider’s stock after acquiring an additional 150 shares during the quarter. Lansing Street Advisors’ holdings in AON were worth $264,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. AMF Tjanstepension AB acquired a new position in shares of AON during the 3rd quarter valued at $20,856,000. Eastern Bank acquired a new position in shares of AON during the 3rd quarter valued at $43,000. Dakota Wealth Management increased its position in shares of AON by 8.5% during the 3rd quarter. Dakota Wealth Management now owns 3,347 shares of the financial services provider’s stock valued at $1,158,000 after purchasing an additional 263 shares during the period. Ballentine Partners LLC increased its position in shares of AON by 9.7% during the 3rd quarter. Ballentine Partners LLC now owns 1,812 shares of the financial services provider’s stock valued at $627,000 after purchasing an additional 160 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of AON by 46.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,094 shares of the financial services provider’s stock valued at $5,568,000 after purchasing an additional 5,100 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AON

In other AON news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was 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 owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AON. Piper Sandler lifted their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. BMO Capital Markets lifted their target price on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods lifted their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, AON currently has a consensus rating of “Hold” and an average price target of $386.21.

AON Stock Performance

Shares of AON stock opened at $389.51 on Friday. The stock has a market cap of $84.13 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 2.14 and a beta of 0.93. The business has a fifty day simple moving average of $368.55 and a 200-day simple moving average of $361.81. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 12 month low of $268.06 and a 12 month high of $395.65.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the firm earned $3.89 earnings per share. On average, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The company 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. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.69%. AON’s payout ratio is 21.33%.

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.