Nordea Investment Management AB raised its stake in Aon plc (NYSE:AON – Get Rating) by 35.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,972 shares of the financial services provider’s stock after purchasing an additional 4,662 shares during the period. Nordea Investment Management AB’s holdings in AON were worth $5,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. KCS Wealth Advisory grew its stake in shares of AON by 2.7% during the fourth quarter. KCS Wealth Advisory now owns 3,105 shares of the financial services provider’s stock worth $932,000 after acquiring an additional 81 shares during the last quarter. Dakota Wealth Management grew its stake in shares of AON by 1.3% during the fourth quarter. Dakota Wealth Management now owns 6,349 shares of the financial services provider’s stock worth $1,906,000 after acquiring an additional 81 shares during the last quarter. Lincoln National Corp grew its stake in shares of AON by 0.8% during the fourth quarter. Lincoln National Corp now owns 5,360 shares of the financial services provider’s stock worth $1,609,000 after acquiring an additional 40 shares during the last quarter. Haverford Financial Services Inc. grew its stake in shares of AON by 32.2% during the fourth quarter. Haverford Financial Services Inc. now owns 27,202 shares of the financial services provider’s stock worth $8,164,000 after acquiring an additional 6,625 shares during the last quarter. Finally, Duality Advisers LP purchased a new stake in shares of AON during the fourth quarter worth about $2,351,000. Hedge funds and other institutional investors own 86.12% of the company’s stock.
AON Trading Down 0.3 %
Shares of NYSE:AON opened at $333.76 on Thursday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 182.36. The company has a market capitalization of $68.17 billion, a PE ratio of 26.79, a PEG ratio of 2.52 and a beta of 0.90. The business has a 50 day moving average of $315.67 and a two-hundred day moving average of $308.35. Aon plc has a 12-month low of $246.21 and a 12-month high of $337.11.
AON Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be paid a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a dividend yield of 0.74%. This is an increase from AON’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, April 28th. AON’s dividend payout ratio is presently 19.74%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on AON. Credit Suisse Group initiated coverage on AON in a research note on Friday, January 13th. They set an “outperform” rating and a $363.00 price target on the stock. Wells Fargo & Company lifted their target price on AON from $320.00 to $321.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 5th. StockNews.com initiated coverage on AON in a report on Thursday, March 16th. They set a “hold” rating for the company. JPMorgan Chase & Co. lifted their target price on AON from $320.00 to $322.00 and gave the stock a “neutral” rating in a report on Friday, March 31st. Finally, Piper Sandler lifted their target price on AON from $305.00 to $325.00 and gave the stock a “neutral” rating in a report on Monday, February 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $319.00.
Insider Transactions at AON
In other news, CFO Christa Davies sold 20,528 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $305.11, for a total transaction of $6,263,298.08. Following the completion of the transaction, the chief financial officer now directly owns 179,571 shares of the company’s stock, valued at approximately $54,788,907.81. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Christa Davies sold 20,528 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $305.11, for a total transaction of $6,263,298.08. Following the completion of the sale, the chief financial officer now directly owns 179,571 shares in the company, valued at $54,788,907.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Neller sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $311.59, for a total value of $311,590.00. Following the sale, the insider now owns 1,216 shares of the company’s stock, valued at $378,893.44. The disclosure for this sale can be found here. Insiders sold a total of 73,389 shares of company stock valued at $22,664,130 in the last three months. 1.06% of the stock is currently owned by company insiders.
About AON
Aon Plc engages in the provision of risk, health, and wealth solutions. It operates through Global Professional Services Firm segment. The Global Professional Services Firm segment involves in the provides advice and solutions to clients focused on risk, health and wealth through four principal products and services.
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