Aon plc (NYSE:AON) Shares Purchased by Assetmark Inc.

Assetmark Inc. boosted its stake in Aon plc (NYSE:AON) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,945 shares of the financial services provider’s stock after purchasing an additional 888 shares during the period. Assetmark Inc.’s holdings in AON were worth $1,730,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Integrated Advisors Network LLC increased its holdings in AON by 5.1% in the 3rd quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 32 shares in the last quarter. Valley Wealth Managers Inc. grew its stake in shares of AON by 4.9% during the third quarter. Valley Wealth Managers Inc. now owns 777 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 36 shares in the last quarter. Lincoln National Corp grew its stake in shares of AON by 0.7% during the third quarter. Lincoln National Corp now owns 5,446 shares of the financial services provider’s stock valued at $1,766,000 after acquiring an additional 37 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of AON by 2.2% during the third quarter. Atria Wealth Solutions Inc. now owns 1,727 shares of the financial services provider’s stock valued at $560,000 after acquiring an additional 37 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of AON by 1.8% during the fourth quarter. Signaturefd LLC now owns 2,149 shares of the financial services provider’s stock valued at $625,000 after acquiring an additional 38 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other AON news, Director Lester B. Knight purchased 10,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the acquisition, the director now owns 139,000 shares in the company, valued at approximately $38,448,790. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.15% of the company’s stock.

AON Stock Up 0.5 %

Shares of NYSE AON opened at $280.75 on Friday. The firm’s 50-day moving average price is $305.00 and its two-hundred day moving average price is $309.34. Aon plc has a 52-week low of $268.06 and a 52-week high of $347.37. The stock has a market capitalization of $61.04 billion, a P/E ratio of 22.00, a P/E/G ratio of 1.86 and a beta of 0.90.

AON (NYSE:AON) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.14 billion. AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $5.17 EPS. As a group, equities research analysts expect that Aon plc will post 15.48 earnings per share for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Tuesday, April 30th. This is a boost from AON’s previous quarterly dividend of $0.62. AON’s payout ratio is 21.16%.

Analyst Ratings Changes

Several analysts have recently weighed in on AON shares. UBS Group lowered their target price on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a research note on Monday, February 5th. Keefe, Bruyette & Woods increased their price target on shares of AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Bank of America cut shares of AON from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $345.00 to $306.00 in a research report on Wednesday. Piper Sandler reduced their price target on shares of AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Finally, Royal Bank of Canada reduced their price target on shares of AON from $325.00 to $315.00 and set a “sector perform” rating on the stock in a research report on Monday, April 29th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, AON presently has an average rating of “Hold” and an average price target of $325.43.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.