Obermeyer Wood Investment Counsel Lllp Sells 3,596 Shares of Aon plc (NYSE:AON)

Obermeyer Wood Investment Counsel Lllp trimmed its position in Aon plc (NYSE:AON) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,496 shares of the financial services provider’s stock after selling 3,596 shares during the period. AON makes up approximately 3.3% of Obermeyer Wood Investment Counsel Lllp’s portfolio, making the stock its 8th biggest position. Obermeyer Wood Investment Counsel Lllp’s holdings in AON were worth $48,163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AON. Lazard Asset Management LLC lifted its stake in AON by 1.1% in the third quarter. Lazard Asset Management LLC now owns 4,479,652 shares of the financial services provider’s stock valued at $1,452,390,000 after purchasing an additional 50,290 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in AON by 106,777.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,817,279 shares of the financial services provider’s stock valued at $845,578,000 after purchasing an additional 2,814,643 shares during the last quarter. Mackenzie Financial Corp lifted its stake in AON by 8.3% in the fourth quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock valued at $678,406,000 after purchasing an additional 179,238 shares during the last quarter. Northern Trust Corp lifted its stake in AON by 0.8% in the third quarter. Northern Trust Corp now owns 2,244,909 shares of the financial services provider’s stock valued at $727,844,000 after purchasing an additional 18,500 shares during the last quarter. Finally, Morgan Stanley lifted its stake in AON by 38.7% in the fourth quarter. Morgan Stanley now owns 2,223,478 shares of the financial services provider’s stock valued at $667,355,000 after purchasing an additional 620,067 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

AON Stock Performance

Shares of AON traded up $3.91 on Thursday, hitting $308.70. 628,379 shares of the stock traded hands, compared to its average volume of 996,541. The company has a market capitalization of $61.22 billion, a PE ratio of 24.42, a P/E/G ratio of 1.84 and a beta of 0.86. The business has a 50 day simple moving average of $317.78 and a 200 day simple moving average of $314.96. Aon plc has a one year low of $284.85 and a one year high of $347.37.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing the consensus estimate of $4.07 by ($0.18). The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.36 billion. AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. AON’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $3.89 EPS. On average, equities analysts expect that Aon plc will post 15.82 earnings per share for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.675 per share. The ex-dividend date is Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a yield of 0.87%. AON’s payout ratio is currently 19.71%.

Insider Buying and Selling at AON

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

Analyst Ratings Changes

AON has been the topic of several research analyst reports. TD Cowen assumed coverage on AON in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. UBS Group dropped their target price on AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a research report on Monday, February 5th. The Goldman Sachs Group dropped their target price on AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 9th. Finally, Piper Sandler increased their target price on AON from $306.00 to $326.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Two equities research 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $335.36.

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.