Aon plc $AON Shares Purchased by Kintegral Advisory LLC

Kintegral Advisory LLC lifted its position in Aon plc (NYSE:AON) by 954.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,192 shares of the financial services provider’s stock after acquiring an additional 14,657 shares during the period. Kintegral Advisory LLC’s holdings in AON were worth $4,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in AON by 16.3% during the 1st quarter. Bank of America Corp DE now owns 1,582,680 shares of the financial services provider’s stock worth $510,857,000 after acquiring an additional 222,092 shares during the period. Amundi increased its holdings in shares of AON by 23.5% in the first quarter. Amundi now owns 1,502,890 shares of the financial services provider’s stock valued at $485,103,000 after purchasing an additional 285,549 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of AON by 20.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,253,769 shares of the financial services provider’s stock valued at $404,709,000 after purchasing an additional 213,051 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of AON by 74.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 797,418 shares of the financial services provider’s stock worth $257,391,000 after purchasing an additional 340,866 shares during the last quarter. Finally, Ninety One UK Ltd raised its stake in shares of AON by 419.8% in the third quarter. Ninety One UK Ltd now owns 836,932 shares of the financial services provider’s stock worth $231,638,000 after purchasing an additional 675,919 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AON shares. Jefferies Financial Group dropped their target price on AON from $387.00 to $383.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Roth Capital set a $380.00 price target on shares of AON and gave the stock a “buy” rating in a report on Tuesday, September 1st. Citigroup assumed coverage on shares of AON in a research report on Monday, September 21st. They set a “buy” rating and a $435.00 price target for the company. BMO Capital Markets decreased their price objective on shares of AON from $360.00 to $286.00 and set a “market perform” rating for the company in a research note on Thursday, October 1st. Finally, Cantor Fitzgerald dropped their price objective on shares of AON from $433.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, October 7th. Twelve investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $367.59.

AON Stock Performance

Shares of NYSE AON traded up $5.48 during trading on Friday, reaching $292.28. 1,840,129 shares of the company traded hands, compared to its average volume of 1,945,715. The stock has a market cap of $62.00 billion, a P/E ratio of 16.11, a PEG ratio of 1.50 and a beta of 0.70. The firm’s fifty day simple moving average is $310.87 and its 200 day simple moving average is $326.09. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34. Aon plc has a 12-month low of $266.33 and a 12-month high of $382.34.

AON (NYSE:AON) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.01. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.49 earnings per share. As a group, research analysts anticipate that Aon plc will post 18.74 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be issued a $0.82 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 1.1%. AON’s payout ratio is presently 18.08%.

Key Headlines Impacting AON

Here are the key news stories impacting AON this week:

• Positive Sentiment: Aon secured the sole-broker role for Zurich’s marine and energy excess-of-loss reinsurance account, a business win that could support brokerage revenue and reinforce Aon’s position in specialty risk markets. Aon wins sole broker position on Zurich marine and energy XoL account
• Positive Sentiment: Aon and the European Bank for Reconstruction and Development expanded support for Ukraine war-risk reinsurance. The initiative could create additional specialty-risk opportunities and highlights Aon’s role in rebuilding insurance capacity in Ukraine. Aon, EBRD expand Ukraine war risk reinsurance
• Positive Sentiment: Aon promoted Chris Rafferty to chief integration officer for its Investment Management and Outsourcing business, while also appointing a Chicago leader. The moves may support integration and execution, although they are not immediate earnings catalysts. Aon promotes Chris Rafferty
• Neutral Sentiment: Aon appointed Leonora Siccardi as global chief execution officer for Risk Capital and Human Capital, effective October 14, adding a senior leadership change without clear near-term financial implications. Aon appoints Leonora Siccardi
• Neutral Sentiment: Preview coverage ahead of Aon’s next quarterly report focuses on expectations for results. Investors will likely watch organic growth, margins, retention and guidance following the company’s prior quarter of modest revenue growth. What to expect from Aon’s next quarterly earnings report
• Negative Sentiment: Morgan Stanley reduced its AON price target to $350, following Cantor Fitzgerald’s cut to $400 from $433. Although both targets remain above the current share level, the reductions signal more cautious expectations for valuation or growth. Morgan Stanley cuts Aon price target

Insider Activity at AON

In other AON news, General Counsel Darren Zeidel sold 1,900 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $377.76, for a total value of $717,744.00. Following the sale, the general counsel owned 11,504 shares in the company, valued at approximately $4,345,751.04. This represents a 14.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lester Knight acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were purchased at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the purchase, the director directly owned 163,000 shares in the company, valued at approximately $53,379,240. This trade represents a 13.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.00% of the company’s stock.

AON Profile

Aon plc is a global professional services firm that helps organizations manage risk, make better decisions and improve performance. Its services are organized around risk capital and human capital, combining advisory expertise, data, analytics and insurance-related solutions.

The company provides commercial risk brokerage and consulting, reinsurance brokerage, retirement and investment advisory services, health benefits consulting, talent and compensation consulting, and related technology and data products.