Toronto Dominion Bank Sells 14,995 Shares of Aon plc (NYSE:AON)

Toronto Dominion Bank lessened its holdings in Aon plc (NYSE:AON) by 11.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,094 shares of the financial services provider’s stock after selling 14,995 shares during the quarter. Toronto Dominion Bank’s holdings in AON were worth $38,409,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. BKM Wealth Management LLC purchased a new stake in shares of AON in the 4th quarter worth $25,000. Frazier Financial Advisors LLC purchased a new stake in shares of AON in the 4th quarter worth $31,000. Rise Advisors LLC purchased a new stake in shares of AON in the 1st quarter worth $37,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of AON in the 4th quarter worth $43,000. Finally, First United Bank & Trust purchased a new stake in shares of AON in the 4th quarter worth $44,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AON shares. Piper Sandler decreased their price objective on AON from $326.00 to $312.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Morgan Stanley cut their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $315.00 price objective on shares of AON in a report on Tuesday, June 18th. JPMorgan Chase & Co. increased their price objective on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company cut their price objective on AON from $289.00 to $287.00 and set an “underweight” rating on the stock in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $321.36.

Insiders Place Their Bets

In other AON news, Director Lester B. Knight purchased 10,000 shares of the stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $276.61 per share, for a total transaction of $2,766,100.00. Following the completion of the transaction, the director now owns 139,000 shares of the company’s stock, valued at approximately $38,448,790. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.15% of the stock is currently owned by company insiders.

AON Stock Performance

AON stock traded up $23.68 during midday trading on Friday, hitting $322.63. 3,070,446 shares of the company were exchanged, compared to its average volume of 1,298,880. The firm has a market capitalization of $70.15 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 1.98 and a beta of 0.91. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $344.68. The business has a fifty day simple moving average of $292.59 and a two-hundred day simple moving average of $302.59.

AON (NYSE:AON) last posted its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.16). The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $2.76 earnings per share. As a group, equities analysts expect that Aon plc will post 15.41 earnings per share for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.675 per share. The ex-dividend date is Thursday, August 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.84%. AON’s dividend payout ratio is currently 21.16%.

AON Company 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.