Swedbank AB Acquires 8,409 Shares of Aon plc (NYSE:AON)

Swedbank AB grew its holdings in Aon plc (NYSE:AON) by 18.1% in the 4th quarter, HoldingsChannel reports. The firm owned 54,872 shares of the financial services provider’s stock after buying an additional 8,409 shares during the quarter. Swedbank AB’s holdings in AON were worth $19,708,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Valley Wealth Managers Inc. raised its stake in AON by 3.3% in the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after buying an additional 28 shares in the last quarter. CVA Family Office LLC raised its position 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 acquiring an additional 29 shares in the last quarter. Amplius Wealth Advisors LLC boosted its position in AON by 2.4% during the third quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 31 shares in the last quarter. Intellectus Partners LLC boosted its holdings in shares of AON by 3.2% in the 3rd quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after buying an additional 31 shares in the last quarter. Finally, waypoint wealth counsel raised its stake in shares of AON by 3.6% during the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Transactions at AON

In other news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction dated 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 $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were 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 in the company, valued at $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the topic of several analyst reports. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $407.00 to $420.00 in a report on Wednesday, January 8th. Barclays upped their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Bank of America raised their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. TD Cowen increased their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Finally, Wells Fargo & Company raised shares of AON from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $377.00 to $410.00 in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $370.87.

AON Stock Performance

NYSE AON opened at $371.39 on Friday. The firm has a market capitalization of $80.32 billion, a P/E ratio of 31.34, a PEG ratio of 2.00 and a beta of 0.93. The stock has a 50-day simple moving average of $366.65 and a two-hundred day simple moving average of $353.21. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33.

AON (NYSE:AON) last released its quarterly earnings data 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 return on equity of 107.43% and a net margin of 16.32%. During the same period last year, the firm posted $3.89 EPS. On average, equities analysts forecast that Aon plc will post 15.43 earnings per share for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $0.675 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. AON’s payout ratio is 22.78%.

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.