Wilmington Savings Fund Society FSB Acquires 86 Shares of Aon plc (NYSE:AON)

Wilmington Savings Fund Society FSB increased its holdings in Aon plc (NYSE:AON) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,749 shares of the financial services provider’s stock after buying an additional 86 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in AON were worth $2,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AMF Tjanstepension AB bought a new position in shares of AON during the 3rd quarter worth approximately $20,856,000. CWM LLC lifted its holdings in shares of AON by 1.2% during the third quarter. CWM LLC now owns 13,977 shares of the financial services provider’s stock valued at $4,836,000 after acquiring an additional 162 shares during the period. LVW Advisors LLC boosted its stake in shares of AON by 11.7% in the 3rd quarter. LVW Advisors LLC now owns 790 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 83 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of AON by 18.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,201 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 340 shares in the last quarter. Finally, HCR Wealth Advisors acquired a new position in AON in the third quarter valued at about $234,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AON. JPMorgan Chase & Co. raised their price objective on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Royal Bank of Canada increased their target price on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Wells Fargo & Company lifted their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, BMO Capital Markets raised their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $386.21.

Insiders Place Their Bets

In other AON news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $386.68 on Monday. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. The stock has a market capitalization of $83.63 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 2.09 and a beta of 0.93. The firm has a fifty day moving average of $365.32 and a two-hundred day moving average of $357.01.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period last year, the business earned $3.89 EPS. As a group, equities research analysts predict that Aon plc will post 17.24 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

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.