SVB Wealth LLC Sells 54 Shares of Aon plc (NYSE:AON)

SVB Wealth LLC reduced its position in shares of Aon plc (NYSE:AON) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,505 shares of the financial services provider’s stock after selling 54 shares during the quarter. SVB Wealth LLC’s holdings in AON were worth $836,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Frazier Financial Advisors LLC bought a new stake in shares of AON during the 4th quarter valued at about $31,000. Rise Advisors LLC bought a new stake in shares of AON during the 1st quarter valued at about $37,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of AON during the 4th quarter valued at about $43,000. First United Bank & Trust bought a new position in shares of AON during the 4th quarter valued at approximately $44,000. Finally, LRI Investments LLC bought a new position in shares of AON during the 1st quarter valued at approximately $55,000. 86.14% of the stock is currently owned by institutional investors.

Insider Activity at AON

In related news, Director Lester B. Knight purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average price of $276.61 per share, for a total transaction of $2,766,100.00. Following the acquisition, the director now owns 139,000 shares of the company’s stock, valued at approximately $38,448,790. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

AON has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on AON from $315.00 to $335.00 and gave the company a “sector perform” rating in a research note on Monday. Piper Sandler boosted their price objective on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $311.00 price objective on shares of AON in a research note on Tuesday, May 28th. JPMorgan Chase & Co. boosted their price objective on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, Morgan Stanley dropped their price target on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $325.36.

AON Price Performance

Shares of AON traded down $3.58 during mid-day trading on Monday, hitting $319.42. 1,756,981 shares of the stock were exchanged, compared to its average volume of 1,302,061. The company has a market cap of $69.45 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. Aon plc has a 52-week low of $268.06 and a 52-week high of $344.68. The firm has a 50-day moving average of $292.59 and a two-hundred day moving average of $302.68. The company has a debt-to-equity ratio of 2.92, a quick ratio of 4.13 and a current ratio of 2.42.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a return on equity of 252.81% and a net margin of 18.00%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same period last year, the company earned $2.76 earnings per share. The firm’s revenue was up 18.4% on a year-over-year basis. On average, equities analysts predict that Aon plc will post 15.37 earnings per share for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a dividend of $0.675 per share. The ex-dividend date is Thursday, August 1st. This represents a $2.70 annualized dividend and a yield of 0.85%. AON’s payout ratio is presently 21.16%.

AON Company 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.