Arlington Partners LLC Sells 383 Shares of Aon plc (NYSE:AON)

Arlington Partners LLC reduced its position in Aon plc (NYSE:AON) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,245 shares of the financial services provider’s stock after selling 383 shares during the period. AON accounts for about 1.7% of Arlington Partners LLC’s portfolio, making the stock its 14th largest position. Arlington Partners LLC’s holdings in AON were worth $4,398,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AON. Endeavor Private Wealth Inc. acquired a new stake in AON in the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. boosted its stake in AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 81 shares in the last quarter. Anchor Investment Management LLC boosted its stake in AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. First Personal Financial Services acquired a new stake in AON in the 3rd quarter worth approximately $37,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in AON in the 3rd quarter worth approximately $42,000. 86.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other AON news, COO Mindy F. Simon sold 650 shares of AON stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

AON Price Performance

NYSE:AON opened at $386.68 on Monday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05. The firm has a market cap of $83.63 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93. The company has a 50 day moving average price of $365.32 and a 200-day moving average price of $357.01. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period last year, the firm posted $3.89 earnings per share. Equities research analysts forecast that Aon plc will post 17.24 EPS for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date is Monday, February 3rd. AON’s payout ratio is presently 21.33%.

Analyst Ratings Changes

A number of analysts recently commented on AON shares. Royal Bank of Canada lifted their target price on shares of AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their target price on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Barclays raised their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $386.21.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.