Aon plc (NYSE:AON) Shares Bought by Cumberland Partners Ltd

Cumberland Partners Ltd boosted its stake in shares of Aon plc (NYSE:AON) by 2.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,376 shares of the financial services provider’s stock after purchasing an additional 705 shares during the period. AON makes up approximately 1.0% of Cumberland Partners Ltd’s portfolio, making the stock its 28th biggest holding. Cumberland Partners Ltd’s holdings in AON were worth $11,272,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new stake in AON during the 4th quarter worth about $25,000. Milestone Investment Advisors LLC purchased a new stake in shares of AON during the 3rd quarter worth about $30,000. Headlands Technologies LLC purchased a new stake in shares of AON during the 3rd quarter worth about $39,000. Bruce G. Allen Investments LLC purchased a new stake in shares of AON during the 4th quarter worth about $40,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of AON during the 4th quarter worth about $43,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AON news, insider Lisa Stevens sold 13,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now owns 10,073 shares in the company, valued at $3,175,613.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Lisa Stevens sold 13,000 shares of AON stock in a transaction 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 directly owns 10,073 shares of the company’s stock, valued at approximately $3,175,613.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lester B. Knight acquired 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were purchased at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the transaction, the director now owns 134,000 shares in the company, valued at approximately $40,463,980. The disclosure for this purchase can be found here. Insiders sold a total of 74,532 shares of company stock worth $23,335,805 over the last 90 days. Corporate insiders own 1.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada lowered their target price on shares of AON from $342.00 to $325.00 and set a “sector perform” rating on the stock in a research note on Monday, February 5th. Piper Sandler raised their price target on shares of AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Keefe, Bruyette & Woods raised their price target on shares of AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. TD Cowen began coverage on shares of AON in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price target on the stock. Finally, UBS Group decreased their price target on shares of AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a research note on Monday, February 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, AON has a consensus rating of “Hold” and a consensus price target of $334.69.

AON Trading Up 0.3 %

AON stock traded up $0.84 during trading on Tuesday, hitting $311.86. The company had a trading volume of 612,285 shares, compared to its average volume of 988,758. Aon plc has a 1-year low of $284.85 and a 1-year high of $347.37. The company’s 50 day simple moving average is $317.78 and its 200-day simple moving average is $314.53. The stock has a market cap of $61.91 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 1.88 and a beta of 0.86.

AON (NYSE:AON) last posted its 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 company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.36 billion. AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $3.89 EPS. As a group, analysts forecast that Aon plc will post 15.82 earnings per share for the current fiscal year.

AON Increases Dividend

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

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.