Sanctuary Advisors LLC Grows Stock Holdings in Aon plc $AON

Sanctuary Advisors LLC raised its holdings in shares of Aon plc (NYSE:AON) by 15.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,119 shares of the financial services provider’s stock after acquiring an additional 2,366 shares during the quarter. Sanctuary Advisors LLC’s holdings in AON were worth $5,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in AON. Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of AON during the fourth quarter valued at about $4,305,000. SG Americas Securities LLC grew its stake in AON by 1,640.4% during the fourth quarter. SG Americas Securities LLC now owns 143,163 shares of the financial services provider’s stock valued at $50,519,000 after acquiring an additional 134,937 shares in the last quarter. Aviva PLC increased its holdings in AON by 2.0% during the 4th quarter. Aviva PLC now owns 333,454 shares of the financial services provider’s stock worth $117,669,000 after acquiring an additional 6,622 shares during the period. TABR Capital Management LLC purchased a new stake in AON in the 4th quarter worth approximately $1,278,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in AON by 21.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,552 shares of the financial services provider’s stock valued at $13,251,000 after purchasing an additional 6,509 shares during the period. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of AON from $396.00 to $412.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Citigroup lifted their price objective on AON from $412.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Cantor Fitzgerald upped their target price on AON from $416.00 to $445.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Morgan Stanley raised their price target on AON from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, Piper Sandler lowered AON from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $355.00 to $377.00 in a report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $404.56.

Insider Activity at AON

In related news, General Counsel Darren Zeidel sold 600 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $360.00, for a total transaction of $216,000.00. Following the transaction, the general counsel directly owned 15,354 shares of the company’s stock, valued at approximately $5,527,440. This trade represents a 3.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

AON Stock Performance

AON stock opened at $366.69 on Friday. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $381.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market cap of $78.32 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 1.92 and a beta of 0.71. The firm’s fifty day moving average price is $332.19 and its 200-day moving average price is $331.19.

AON (NYSE:AON) last announced its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same period in the previous year, the business earned $5.67 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts expect that Aon plc will post 19.09 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, August 3rd. AON’s dividend payout ratio is presently 18.00%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.