Aon plc (NYSE:AON) Shares Purchased by Kwmg LLC

Kwmg LLC increased its stake in shares of Aon plc (NYSE:AON) by 1.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,938 shares of the financial services provider’s stock after purchasing an additional 342 shares during the quarter. Kwmg LLC’s holdings in AON were worth $5,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AON. Norges Bank acquired a new position in shares of AON during the 4th quarter worth about $423,030,000. The Manufacturers Life Insurance Company boosted its holdings in shares of AON by 44.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 950,153 shares of the financial services provider’s stock worth $276,514,000 after purchasing an additional 290,936 shares during the last quarter. FIL Ltd raised its position in shares of AON by 36.1% in the 4th quarter. FIL Ltd now owns 1,030,177 shares of the financial services provider’s stock worth $299,802,000 after buying an additional 273,141 shares during the period. OMERS ADMINISTRATION Corp raised its position in AON by 61.5% in the third quarter. OMERS ADMINISTRATION Corp now owns 602,637 shares of the financial services provider’s stock valued at $195,387,000 after purchasing an additional 229,500 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of AON by 14.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,472,309 shares of the financial services provider’s stock worth $428,280,000 after acquiring an additional 182,688 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Performance

AON stock traded down $2.99 during trading hours on Wednesday, hitting $289.83. 715,854 shares of the stock were exchanged, compared to its average volume of 1,308,345. The stock has a market capitalization of $63.02 billion, a P/E ratio of 22.69, a P/E/G ratio of 1.94 and a beta of 0.91. Aon plc has a 12 month low of $268.06 and a 12 month high of $347.37. The business’s 50-day moving average is $290.61 and its two-hundred day moving average is $303.22.

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

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a $0.675 dividend. This is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Tuesday, April 30th. AON’s dividend payout ratio is currently 21.16%.

Analyst Ratings Changes

A number of brokerages have commented on AON. Royal Bank of Canada restated a “sector perform” rating and issued a $315.00 target price on shares of AON in a research note on Tuesday, June 18th. Bank of America cut AON from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $345.00 to $306.00 in a report on Wednesday, May 22nd. Piper Sandler lowered their price objective 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. Wells Fargo & Company decreased their price objective on shares of AON from $300.00 to $289.00 and set an “underweight” rating for the company in a report on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $311.00 target price on shares of AON in a research report on Tuesday, May 28th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, AON currently has a consensus rating of “Hold” and a consensus price target of $321.86.

Insider Activity at AON

In other AON news, Director Lester B. Knight acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $276.61 per share, for a total transaction of $2,766,100.00. Following the completion of the acquisition, the director now directly owns 139,000 shares of the company’s stock, valued at approximately $38,448,790. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.15% of the stock is currently owned by company insiders.

AON Profile

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.