Aon plc $AON Stock Position Raised by Silver Grove Financial Group Inc.

Silver Grove Financial Group Inc. boosted its position in shares of Aon plc (NYSE:AON) by 1,073.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,843 shares of the financial services provider’s stock after buying an additional 1,686 shares during the period. Silver Grove Financial Group Inc.’s holdings in AON were worth $510,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AON. Downshift Financial LLC boosted its stake in shares of AON by 15,700.0% in the third quarter. Downshift Financial LLC now owns 158 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 157 shares during the last quarter. Ashurst Perkins Coie Trust Co acquired a new position in AON in the 3rd quarter valued at $60,000. Cassaday & Co Wealth Management LLC acquired a new position in AON in the 1st quarter valued at $61,000. Maryland Capital Advisors Inc. lifted its holdings in AON by 23,400.0% in the 3rd quarter. Maryland Capital Advisors Inc. now owns 235 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 234 shares in the last quarter. Finally, Clark Wealth Partners lifted its holdings in AON by 2,200.0% in the 3rd quarter. Clark Wealth Partners now owns 253 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 242 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of AON stock opened at $336.27 on Wednesday. Aon plc has a one year low of $266.33 and a one year high of $382.34. The company has a market cap of $71.34 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.77 and a beta of 0.63. The company has a debt-to-equity ratio of 2.58, a quick ratio of 4.72 and a current ratio of 4.72. The business’s 50 day moving average price is $300.38 and its 200 day moving average price is $325.95.

AON (NYSE:AON) last issued its earnings results on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.06. AON had a return on equity of 40.46% and a net margin of 22.24%. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the business earned $3.05 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, research analysts predict that Aon plc will post 18.47 EPS for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. AON’s payout ratio is presently 17.96%.

Analyst Ratings Changes

Several brokerages have issued reports on AON. Wells Fargo & Company lifted their target price on shares of AON from $323.00 to $364.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. Jefferies Financial Group decreased their price target on shares of AON from $387.00 to $383.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. BMO Capital Markets upgraded shares of AON from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $319.00 to $380.00 in a research report on Tuesday, November 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of AON from $417.00 to $342.00 and set an “outperform” rating for the company in a research note on Monday, October 12th. Finally, Zacks Research cut shares of AON from a “hold” rating to a “strong sell” rating in a research note on Monday, October 26th. Thirteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $369.12.

Insider Buying and Selling at AON

In other news, Director Lester Knight acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was purchased at an average price of $327.48 per share, with a total value of $6,549,600.00. Following the completion of the acquisition, the director owned 163,000 shares of the company’s stock, valued at $53,379,240. This trade represents a 13.99% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

AON Company Profile

Aon plc is a global professional services firm that helps organizations manage risk and make decisions about their people and finances. Its services include insurance brokerage, risk consulting, reinsurance solutions, employee benefits consulting and retirement and investment advisory services. The company serves businesses and institutions across a broad range of industries and geographies. Aon was formed in 1982 as Ryan Insurance Group and adopted the Aon name in 1987. It is headquartered in Dublin, Ireland, and operates internationally.