Donaldson Capital Management LLC Has $221,000 Stock Holdings in Aon plc (NYSE:AON)

Donaldson Capital Management LLC lowered its position in shares of Aon plc (NYSE:AON) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 663 shares of the financial services provider’s stock after selling 38 shares during the quarter. Donaldson Capital Management LLC’s holdings in AON were worth $221,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AON. Integrated Advisors Network LLC increased its position in shares of AON by 5.1% in the third quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 32 shares during the last quarter. Capital Planning Advisors LLC increased its position in shares of AON by 0.3% during the 3rd quarter. Capital Planning Advisors LLC now owns 11,793 shares of the financial services provider’s stock worth $3,824,000 after purchasing an additional 35 shares during the last quarter. Valley Wealth Managers Inc. raised its stake in shares of AON by 4.9% during the 3rd quarter. Valley Wealth Managers Inc. now owns 777 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 36 shares in the last quarter. Lincoln National Corp grew its stake in shares of AON by 0.7% in the third quarter. Lincoln National Corp now owns 5,446 shares of the financial services provider’s stock valued at $1,766,000 after buying an additional 37 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in AON by 2.2% during the third quarter. Atria Wealth Solutions Inc. now owns 1,727 shares of the financial services provider’s stock worth $560,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

Shares of NYSE AON traded down $20.97 during mid-day trading on Friday, reaching $285.03. The company had a trading volume of 4,566,608 shares, compared to its average volume of 882,672. Aon plc has a one year low of $268.06 and a one year high of $347.37. The business’s 50-day simple moving average is $317.11 and its 200 day simple moving average is $314.14. The firm has a market cap of $56.58 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.85 and a beta of 0.86.

AON (NYSE:AON) last issued its earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing the consensus estimate of $5.86 by ($0.20). The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.14 billion. AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. AON’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.17 earnings per share. On average, sell-side analysts anticipate that Aon plc will post 15.82 EPS for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, April 30th. This is an increase from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio (DPR) is currently 19.71%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. TD Cowen started coverage on AON in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Royal Bank of Canada cut their price target on AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a report on Monday, February 5th. Finally, Piper Sandler upped their price objective on shares of AON from $306.00 to $326.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $334.69.

Insider Activity

In other AON news, Director Lester B. Knight acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average cost of $301.97 per share, for a total transaction of $15,098,500.00. Following the transaction, the director now directly owns 134,000 shares in the company, valued at $40,463,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AON news, CFO Christa Davies sold 40,164 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $313.29, for a total transaction of $12,582,979.56. Following the sale, the chief financial officer now owns 159,570 shares of the company’s stock, valued at $49,991,685.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lester B. Knight purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was purchased at an average price of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the purchase, the director now directly owns 134,000 shares in the company, valued at approximately $40,463,980. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 74,532 shares of company stock worth $23,335,805. Insiders own 1.15% of the company’s stock.

AON 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.