Aon plc (NYSE:AON) Shares Sold by Ieq Capital LLC

Ieq Capital LLC trimmed its position in shares of Aon plc (NYSE:AON) by 38.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,134 shares of the financial services provider’s stock after selling 5,007 shares during the period. Ieq Capital LLC’s holdings in AON were worth $2,921,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AON. Diamond Hill Capital Management Inc. purchased a new stake in shares of AON during the third quarter worth about $336,375,000. Veritas Asset Management LLP grew its stake in AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after purchasing an additional 883,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after purchasing an additional 808,990 shares in the last quarter. Accredited Investors Inc. boosted its stake in shares of AON by 5,694.5% during the 3rd quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider’s stock valued at $83,883,000 after buying an additional 238,258 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of AON during the third quarter worth approximately $79,390,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE AON opened at $389.51 on Friday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05. The firm has a market capitalization of $84.13 billion, a PE ratio of 30.77, a P/E/G ratio of 2.14 and a beta of 0.93. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.65. The business’s fifty day moving average price is $368.55 and its two-hundred day moving average price is $361.81.

AON (NYSE:AON) last released its quarterly earnings data 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 net margin of 16.91% and a return on equity of 70.84%. During the same period in the previous year, the firm posted $3.89 EPS. On average, research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 annualized dividend and a dividend yield of 0.69%. AON’s dividend payout ratio is presently 21.33%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AON. Wells Fargo & Company increased their price objective on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. BMO Capital Markets increased 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 boosted their price target on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $386.21.

Insider Buying and Selling

In other AON news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the transaction, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following 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 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.