Wealthstream Advisors Inc. Boosts Stake in Aon plc (NYSE:AON)

Wealthstream Advisors Inc. lifted its holdings in shares of Aon plc (NYSE:AON) by 21.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,008 shares of the financial services provider’s stock after purchasing an additional 180 shares during the quarter. Wealthstream Advisors Inc.’s holdings in AON were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AON. Diamond Hill Capital Management Inc. purchased a new stake in shares of AON in the 3rd quarter valued at approximately $336,375,000. State Street Corp raised its position in AON by 0.4% in the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after purchasing an additional 32,417 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in AON by 5.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,533 shares of the financial services provider’s stock worth $9,530,000 after purchasing an additional 1,451 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of AON by 13.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock worth $57,345,000 after buying an additional 20,084 shares during the period. Finally, Retireful LLC purchased a new stake in shares of AON in the 3rd quarter valued at $759,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Price Performance

AON stock opened at $389.51 on Monday. The business has a 50 day moving average price of $368.55 and a 200 day moving average price of $362.06. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a market cap of $84.13 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.14 and a beta of 0.93. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.65.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping 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 in the prior year, the firm posted $3.89 earnings per share. Equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is 21.33%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BMO Capital Markets raised their target price on AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Wells Fargo & Company raised their price target on shares of AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada upped their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their target price on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $386.21.

Insider Transactions at AON

In other news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $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 is available through this link. Also, insider Lisa Stevens sold 1,275 shares of the 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 sale, the insider now owns 8,077 shares of the company’s stock, valued at approximately $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.

AON 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.