Connecticut Wealth Management LLC Has $756,000 Stock Holdings in Aon plc (NYSE:AON)

Connecticut Wealth Management LLC boosted its position in Aon plc (NYSE:AON) by 39.5% during the 4th quarter, Holdings Channel reports. The fund owned 2,597 shares of the financial services provider’s stock after buying an additional 736 shares during the period. Connecticut Wealth Management LLC’s holdings in AON were worth $756,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BKM Wealth Management LLC bought a new position in shares of AON in the fourth quarter valued at $25,000. Milestone Investment Advisors LLC bought a new position in AON in the 3rd quarter valued at about $30,000. Headlands Technologies LLC acquired a new position in AON during the 3rd quarter valued at about $39,000. Bruce G. Allen Investments LLC purchased a new stake in shares of AON in the fourth quarter worth approximately $40,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of AON in the fourth quarter valued at approximately $43,000. 86.14% of the stock is currently owned by institutional investors.

Insider Activity at AON

In related news, Director Lester B. Knight purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were purchased at an average price of $301.97 per share, with a total value of $15,098,500.00. Following the acquisition, the director now directly owns 134,000 shares of the company’s stock, valued at $40,463,980. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Michael Neller sold 750 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the sale, the insider now owns 3,869 shares in the company, valued at approximately $1,207,128. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lester B. Knight purchased 50,000 shares of AON stock in a transaction on Wednesday, February 7th. The shares were acquired at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the completion of the transaction, the director now directly owns 134,000 shares of the company’s stock, valued at $40,463,980. The disclosure for this purchase can be found here. Insiders have sold 74,532 shares of company stock valued at $23,335,805 over the last three months. 1.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AON. Wells Fargo & Company lowered their price target on AON from $300.00 to $289.00 and set an “underweight” rating for the company in a research report on Monday, April 29th. Morgan Stanley upped their price target on AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Bank of America dropped their price objective on shares of AON from $378.00 to $345.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Keefe, Bruyette & Woods lifted their target price on shares of AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. Finally, TD Cowen began coverage on shares of AON in a research note on Wednesday, January 10th. They set an “outperform” rating and a $390.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus target price of $329.69.

AON Stock Performance

NYSE AON traded down $0.12 on Friday, hitting $279.97. The stock had a trading volume of 1,750,917 shares, compared to its average volume of 1,416,371. The firm has a 50-day moving average of $313.86 and a 200-day moving average of $312.39. The company has a market capitalization of $60.87 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90. Aon plc has a 52-week low of $268.06 and a 52-week high of $347.37.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.86 by ($0.20). The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.14 billion. AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. AON’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $5.17 EPS. As a group, research analysts anticipate that Aon plc will post 15.59 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.96%. This is a boost from AON’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, April 30th. AON’s dividend payout ratio is 21.16%.

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.