1,256 Shares in Aon plc (NYSE:AON) Bought by Ergoteles LLC

Posted by Defense World Staff on Mar 4th, 2023

Ergoteles LLC bought a new position in Aon plc (NYSE:AON – Get Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,256 shares of the financial services provider’s stock, valued at approximately $336,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Essex Financial Services Inc. boosted its stake in shares of AON by 4.4% during the 3rd quarter. Essex Financial Services Inc. now owns 945 shares of the financial services provider’s stock worth $253,000 after buying an additional 40 shares during the last quarter. ARGI Investment Services LLC boosted its stake in shares of AON by 2.9% during the 3rd quarter. ARGI Investment Services LLC now owns 1,505 shares of the financial services provider’s stock worth $403,000 after buying an additional 42 shares during the last quarter. Gratus Capital LLC boosted its stake in shares of AON by 0.5% during the 3rd quarter. Gratus Capital LLC now owns 9,752 shares of the financial services provider’s stock worth $2,612,000 after buying an additional 44 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of AON by 5.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 846 shares of the financial services provider’s stock worth $228,000 after buying an additional 45 shares during the last quarter. Finally, Ausdal Financial Partners Inc. boosted its stake in shares of AON by 3.6% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 1,310 shares of the financial services provider’s stock worth $351,000 after buying an additional 45 shares during the last quarter. 86.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Michael Neller sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $311.59, for a total transaction of $311,590.00. Following the sale, the insider now owns 1,216 shares in the company, valued at approximately $378,893.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AON news, CFO Christa Davies sold 51,244 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $310.14, for a total value of $15,892,814.16. Following the sale, the chief financial officer now owns 199,571 shares in the company, valued at $61,894,949.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Neller sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $311.59, for a total transaction of $311,590.00. Following the completion of the sale, the insider now owns 1,216 shares in the company, valued at approximately $378,893.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,389 shares of company stock worth $22,664,130. Corporate insiders own 1.06% of the company’s stock.

AON Stock Performance

Shares of NYSE:AON opened at $304.07 on Friday. The company’s 50 day moving average price is $311.58 and its two-hundred day moving average price is $296.65. Aon plc has a 12-month low of $246.21 and a 12-month high of $341.98. The firm has a market cap of $62.38 billion, a PE ratio of 25.09, a PEG ratio of 1.99 and a beta of 0.89. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 12.27.

AON (NYSE:AON – Get Rating) last posted its quarterly earnings results on Friday, February 3rd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.22. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. AON had a net margin of 20.75% and a return on equity of 1,165.31%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $3.71 EPS. Equities research analysts predict that Aon plc will post 14.54 earnings per share for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st were given a dividend of $0.56 per share. The ex-dividend date was Tuesday, January 31st. This represents a $2.24 annualized dividend and a dividend yield of 0.74%. AON’s dividend payout ratio is 18.48%.

Wall Street Analyst Weigh In

AON has been the subject of a number of recent research reports. BMO Capital Markets initiated coverage on shares of AON in a research note on Thursday, January 19th. They set a “market perform” rating and a $310.00 price objective for the company. TheStreet raised shares of AON from a “c+” rating to a “b-” rating in a report on Friday, December 9th. Morgan Stanley upped their target price on shares of AON from $250.00 to $255.00 and gave the company an “underweight” rating in a report on Tuesday, November 22nd. Piper Sandler upped their target price on shares of AON from $305.00 to $325.00 and gave the company a “neutral” rating in a report on Monday, February 6th. Finally, MKM Partners upped their target price on shares of AON from $335.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $314.80.

AON Profile

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Aon Plc operates as a global professional services firm. It provides advice and solutions to clients focused on risk, retirement, and health through the following products and services: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services.