Sargent Investment Group LLC Trims Position in Aon plc (NYSE:AON)

Sargent Investment Group LLC trimmed its holdings in Aon plc (NYSE:AON) by 5.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,051 shares of the financial services provider’s stock after selling 66 shares during the period. Sargent Investment Group LLC’s holdings in AON were worth $373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ninety One UK Ltd increased its stake in shares of AON by 16.4% during the fourth quarter. Ninety One UK Ltd now owns 61,764 shares of the financial services provider’s stock worth $22,183,000 after acquiring an additional 8,682 shares during the period. Longboard Asset Management LP acquired a new position in shares of AON during the fourth quarter worth about $224,000. Trust Point Inc. increased its stake in shares of AON by 11.3% during the fourth quarter. Trust Point Inc. now owns 947 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 96 shares during the period. One Wealth Advisors LLC increased its stake in shares of AON by 13.7% during the fourth quarter. One Wealth Advisors LLC now owns 737 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 89 shares during the period. Finally, FSM Wealth Advisors LLC increased its stake in shares of AON by 6.1% during the fourth quarter. FSM Wealth Advisors LLC now owns 682 shares of the financial services provider’s stock worth $251,000 after acquiring an additional 39 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AON shares. TD Cowen boosted their price target on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. BMO Capital Markets upped their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods upped their target price on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research report on Wednesday. Piper Sandler upped their target price on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, JPMorgan Chase & Co. upped their target price 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Trading Up 1.4 %

AON stock opened at $382.62 on Thursday. The firm’s 50-day moving average is $365.81 and its 200-day moving average is $355.61. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33. The company has a market cap of $82.75 billion, a P/E ratio of 30.22, a PEG ratio of 2.02 and a beta of 0.93.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company posted $3.89 EPS. On average, equities analysts expect that Aon plc will post 17.39 earnings per share for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.675 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.71%. AON’s dividend payout ratio is presently 21.33%.

Insider Activity at AON

In other AON news, 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 transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

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.