733 Shares in Aon plc (NYSE:AON) Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC purchased a new position in Aon plc (NYSE:AONFree Report) during the first quarter, Holdings Channel.com reports. The firm purchased 733 shares of the financial services provider’s stock, valued at approximately $244,000.

Other institutional investors have also recently bought and sold shares of the company. Cubic Asset Management LLC purchased a new position in AON in the 4th quarter worth about $1,050,000. Charles Schwab Investment Management Inc. grew its stake in AON by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,058,309 shares of the financial services provider’s stock valued at $307,989,000 after acquiring an additional 5,727 shares in the last quarter. Gryphon Financial Partners LLC grew its stake in AON by 262.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock valued at $1,181,000 after acquiring an additional 2,989 shares in the last quarter. Cerity Partners LLC grew its stake in AON by 177.4% during the 4th quarter. Cerity Partners LLC now owns 18,461 shares of the financial services provider’s stock valued at $5,372,000 after acquiring an additional 11,806 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in AON by 1.5% during the 4th quarter. California State Teachers Retirement System now owns 331,760 shares of the financial services provider’s stock valued at $96,549,000 after acquiring an additional 4,843 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, Director Lester B. Knight bought 10,000 shares of AON stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $276.61 per share, for a total transaction of $2,766,100.00. Following the acquisition, the director now owns 139,000 shares in the company, valued at $38,448,790. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.15% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AON. Wells Fargo & Company lowered their target price on AON from $300.00 to $289.00 and set an “underweight” rating on the stock in a research note on Monday, April 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $315.00 target price on shares of AON in a research note on Tuesday, June 18th. Citigroup began coverage on AON in a research note on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 target price on the stock. Morgan Stanley lifted their target price on AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Bank of America cut AON from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $345.00 to $306.00 in a research note on Wednesday, May 22nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $321.86.

View Our Latest Report on AON

AON Price Performance

AON traded down $5.67 on Tuesday, hitting $292.79. The company had a trading volume of 360,896 shares, compared to its average volume of 1,290,196. The company’s fifty day moving average price is $290.83 and its 200 day moving average price is $303.44. Aon plc has a 1-year low of $268.06 and a 1-year high of $347.37. The stock has a market cap of $63.66 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.97 and a beta of 0.91.

AON (NYSE:AONGet Free Report) last posted its earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the firm posted $5.17 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Aon plc will post 15.48 EPS for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were 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 0.92%. The ex-dividend date was Tuesday, April 30th. AON’s payout ratio is 21.16%.

About AON

(Free Report)

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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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