Private Advisor Group LLC Buys 2,806 Shares of Aon plc $AON

Private Advisor Group LLC grew its position in shares of Aon plc (NYSE:AON) by 44.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,142 shares of the financial services provider’s stock after purchasing an additional 2,806 shares during the quarter. Private Advisor Group LLC’s holdings in AON were worth $2,951,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sound View Wealth Advisors Group LLC raised its stake in AON by 1.5% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock worth $683,000 after buying an additional 29 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in AON by 2.1% during the 4th quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock worth $558,000 after acquiring an additional 32 shares during the period. City National Bank of Florida MSD raised its position in shares of AON by 3.8% in the 4th quarter. City National Bank of Florida MSD now owns 867 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 32 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of AON by 1.8% in the 4th quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock worth $664,000 after acquiring an additional 33 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its stake in shares of AON by 39.3% in the 4th quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 33 shares during the period. 86.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other AON news, General Counsel Darren Zeidel sold 600 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $360.00, for a total value of $216,000.00. Following the transaction, the general counsel directly owned 15,354 shares of the company’s stock, valued at approximately $5,527,440. This trade represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AON. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AON in a research note on Tuesday, April 21st. Wells Fargo & Company cut their price target on AON from $409.00 to $406.00 and set an “overweight” rating on the stock in a report on Thursday. Cantor Fitzgerald raised their price objective on shares of AON from $416.00 to $445.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup lifted their price objective on shares of AON from $412.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, UBS Group increased their target price on shares of AON from $360.00 to $383.00 and gave the stock a “neutral” rating in a research note on Wednesday. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $402.19.

AON Stock Down 0.6%

Shares of NYSE:AON opened at $355.20 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. Aon plc has a 52-week low of $304.59 and a 52-week high of $381.00. The business’s 50 day simple moving average is $326.39 and its two-hundred day simple moving average is $330.77. The firm has a market cap of $75.86 billion, a P/E ratio of 19.50, a PEG ratio of 1.88 and a beta of 0.71.

AON (NYSE:AON) last issued its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same period in the prior year, the firm earned $5.67 earnings per share. AON’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, research analysts forecast that Aon plc will post 19.09 EPS for the current fiscal year.

AON News Roundup

Here are the key news stories impacting AON this week:

• Positive Sentiment: Mizuho raised its price target on Aon to $426 from $389 and reiterated an outperform rating, signaling confidence in further upside for the stock. Mizuho raises Aon price target
• Positive Sentiment: Wells Fargo kept an overweight rating and nudged its target to $406 from $409, indicating analysts still see meaningful upside despite the small cut. Wells Fargo adjusts Aon target
• Positive Sentiment: Keefe, Bruyette & Woods also maintained an outperform rating, trimming its target only slightly to $400 from $404, which suggests the broader analyst view remains constructive. KBW adjusts Aon target
• Neutral Sentiment: Aon announced leadership changes in its specialty risk and reinsurance businesses, including new appointments and a revised UK and Ireland reinsurance structure, which may support longer-term execution but is not likely to move the stock immediately. Aon appoints Bob Reville and Eric Foster
• Negative Sentiment: Aon General Counsel Darren Zeidel sold 600 shares at $360 each, a routine insider transaction that can still be read as a mild negative signal by investors. SEC insider filing for Darren Zeidel sale

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.