Hartline Investment Corp Acquires 97 Shares of Aon plc (NYSE:AON)

Hartline Investment Corp grew its holdings in Aon plc (NYSE:AON) by 3.7% in the fourth quarter, Holdings Channel reports. The firm owned 2,750 shares of the financial services provider’s stock after buying an additional 97 shares during the quarter. Hartline Investment Corp’s holdings in AON were worth $988,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AON. AMF Tjanstepension AB bought a new stake in shares of AON in the 3rd quarter worth $20,856,000. Valeo Financial Advisors LLC increased its holdings in shares of AON by 18.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 2,201 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 340 shares in the last quarter. CVA Family Office LLC increased its holdings in shares of AON by 8.4% in the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 29 shares in the last quarter. Sapient Capital LLC increased its holdings in shares of AON by 367.7% in the 3rd quarter. Sapient Capital LLC now owns 3,428 shares of the financial services provider’s stock worth $1,186,000 after purchasing an additional 2,695 shares in the last quarter. Finally, CX Institutional grew its holdings in shares of AON by 0.5% in the third quarter. CX Institutional now owns 10,426 shares of the financial services provider’s stock worth $3,607,000 after acquiring an additional 49 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Activity at AON

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

AON Stock Performance

NYSE AON opened at $385.69 on Tuesday. The firm has a market cap of $83.41 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The business has a 50-day moving average price of $365.32 and a 200-day moving average price of $357.42. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period last year, the business earned $3.89 earnings per share. As a group, equities research analysts predict that Aon plc will post 17.24 EPS for the current fiscal year.

AON Dividend Announcement

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

Wall Street Analyst Weigh In

AON has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. BMO Capital Markets lifted their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Wells Fargo & Company lifted their target price on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, TD Cowen lifted their target price on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $386.21.

About AON

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.