Nilsine Partners LLC Has $376,000 Stake in Aon plc (NYSE:AON)

Nilsine Partners LLC decreased its holdings in shares of Aon plc (NYSE:AON) by 58.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,126 shares of the financial services provider’s stock after selling 1,563 shares during the period. Nilsine Partners LLC’s holdings in AON were worth $376,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AON. Altfest L J & Co. Inc. lifted its stake in AON by 111.3% in the first quarter. Altfest L J & Co. Inc. now owns 2,796 shares of the financial services provider’s stock valued at $933,000 after acquiring an additional 1,473 shares during the last quarter. Raymond James & Associates lifted its stake in AON by 6.0% in the first quarter. Raymond James & Associates now owns 178,914 shares of the financial services provider’s stock valued at $59,707,000 after acquiring an additional 10,193 shares during the last quarter. Arthur M. Cohen & Associates LLC lifted its stake in AON by 2.3% in the first quarter. Arthur M. Cohen & Associates LLC now owns 3,792 shares of the financial services provider’s stock valued at $1,265,000 after acquiring an additional 85 shares during the last quarter. Marshall Financial Group LLC lifted its stake in AON by 10.9% in the first quarter. Marshall Financial Group LLC now owns 2,920 shares of the financial services provider’s stock valued at $974,000 after acquiring an additional 286 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its stake in AON by 1.4% in the first quarter. Legacy Wealth Asset Management LLC now owns 3,115 shares of the financial services provider’s stock valued at $1,040,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

NYSE:AON traded up $1.64 during mid-day trading on Tuesday, reaching $282.01. 4,377,120 shares of the company’s stock were exchanged, compared to its average volume of 1,104,376. Aon plc has a one year low of $268.06 and a one year high of $347.37. The firm has a market capitalization of $55.98 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.72 and a beta of 0.86. The business’s fifty day simple moving average is $315.83 and its two-hundred day simple moving average is $313.36.

AON (NYSE:AON) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the business posted $5.17 earnings per share. AON’s revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that Aon plc will post 15.82 EPS for the current year.

AON Increases Dividend

The company 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 is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, April 30th. AON’s dividend payout ratio (DPR) is currently 19.28%.

Insider Buying and Selling at AON

In other AON news, insider Lisa Stevens sold 13,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the transaction, the insider now directly owns 10,073 shares of the company’s stock, valued at approximately $3,175,613.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Lester B. Knight purchased 50,000 shares of AON stock in a transaction dated Wednesday, February 7th. The shares were bought at an average cost of $301.97 per share, for a total transaction of $15,098,500.00. Following the purchase, the director now owns 134,000 shares in the company, valued at approximately $40,463,980. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Stevens sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the completion of the sale, the insider now owns 10,073 shares in the company, valued at $3,175,613.98. The disclosure for this sale can be found here. Insiders have sold a total of 74,532 shares of company stock valued at $23,335,805 in the last ninety days. 1.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on AON. Piper Sandler cut their price target on shares of AON from $326.00 to $312.00 and set a “neutral” rating for the company in a research note on Monday. Bank of America cut their target price on shares of AON from $378.00 to $345.00 and set a “neutral” rating for the company in a research note on Monday. Morgan Stanley raised their target price on shares of AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. TD Cowen started coverage on shares of AON in a research note on Wednesday, January 10th. They set an “outperform” rating and a $390.00 target price for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $329.69.

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.