Aon plc $AON Stock Position Boosted by Valley National Advisers Inc.

Valley National Advisers Inc. increased its position in Aon plc (NYSE:AON) by 6,658.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,245 shares of the financial services provider’s stock after buying an additional 8,123 shares during the quarter. Valley National Advisers Inc.’s holdings in AON were worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Radnor Capital Management LLC boosted its holdings in AON by 3.9% during the 3rd quarter. Radnor Capital Management LLC now owns 11,111 shares of the financial services provider’s stock valued at $3,075,000 after acquiring an additional 417 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in AON by 316.2% in the third quarter. Citizens Financial Group Inc. RI now owns 44,248 shares of the financial services provider’s stock valued at $12,247,000 after acquiring an additional 33,616 shares in the last quarter. Anderson Hoagland & Co. increased its position in shares of AON by 587.7% during the third quarter. Anderson Hoagland & Co. now owns 75,149 shares of the financial services provider’s stock valued at $20,799,000 after buying an additional 64,222 shares during the period. Sowell Financial Services LLC grew its holdings in shares of AON by 12,855.3% during the 3rd quarter. Sowell Financial Services LLC now owns 141,861 shares of the financial services provider’s stock worth $39,263,000 after acquiring an additional 140,766 shares during the period. Finally, Evergreen Capital Management LLC grew its stake in AON by 10,298.7% in the third quarter. Evergreen Capital Management LLC now owns 290,747 shares of the financial services provider’s stock worth $80,470,000 after purchasing an additional 287,951 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Mizuho lowered their price target on shares of AON from $366.00 to $324.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Piper Sandler lowered their price target on AON from $391.00 to $349.00 and set a “neutral” rating on the stock in a report on Tuesday, September 1st. Morgan Stanley reduced their price target on shares of AON from $410.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, October 6th. BMO Capital Markets dropped their price target on AON from $360.00 to $286.00 and set a “market perform” rating on the stock in a research note on Thursday, October 1st. Finally, Wells Fargo & Company dropped their price objective on shares of AON from $383.00 to $323.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $367.59.

Insider Activity at AON

In other news, Director Lester Knight bought 20,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the transaction, the director owned 163,000 shares of the company’s stock, valued at $53,379,240. The trade was a 13.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Darren Zeidel sold 1,900 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total transaction of $717,744.00. Following the sale, the general counsel directly owned 11,504 shares in the company, valued at approximately $4,345,751.04. The trade was a 14.17% decrease in their position. The SEC filing for this sale provides additional information. 1.00% of the stock is owned by corporate insiders.

AON Price Performance

NYSE:AON opened at $303.47 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34. Aon plc has a 52 week low of $266.33 and a 52 week high of $382.34. The business’s 50-day simple moving average is $305.15 and its two-hundred day simple moving average is $325.24. The stock has a market cap of $64.37 billion, a PE ratio of 16.73, a P/E/G ratio of 1.59 and a beta of 0.70.

AON (NYSE:AON) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.01. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $3.49 EPS. As a group, analysts forecast that Aon plc will post 18.73 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, November 2nd. AON’s payout ratio is currently 18.08%.

About AON

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon’s human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.