Fox Run Management L.L.C. Has $1.05 Million Stake in Aon plc $AON

Fox Run Management L.L.C. raised its stake in shares of Aon plc (NYSE:AON) by 176.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,936 shares of the financial services provider’s stock after purchasing an additional 1,875 shares during the quarter. Fox Run Management L.L.C.’s holdings in AON were worth $1,047,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. raised its holdings in AON by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 35 shares in the last quarter. Heartwood Wealth Advisors LLC bought a new stake in shares of AON during the third quarter valued at approximately $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of AON in the second quarter valued at $31,000. Salomon & Ludwin LLC acquired a new stake in AON during the third quarter worth $31,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in AON in the 2nd quarter valued at $37,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AON shares. Morgan Stanley set a $400.00 price objective on shares of AON in a report on Tuesday, December 16th. Barclays raised their price target on shares of AON from $379.00 to $381.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Roth Mkm reiterated a “buy” rating and issued a $390.00 price objective on shares of AON in a research note on Tuesday, November 4th. TD Cowen cut their target price on AON from $419.00 to $416.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, Mizuho set a $398.00 price target on AON in a research note on Tuesday, February 3rd. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $409.75.

Insider Activity

In other news, General Counsel Darren Zeidel sold 5,040 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $325.79, for a total transaction of $1,641,981.60. Following the transaction, the general counsel directly owned 20,254 shares in the company, valued at approximately $6,598,550.66. This represents a 19.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lester B. Knight purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was bought at an average cost of $319.24 per share, with a total value of $1,276,960.00. Following the acquisition, the director owned 143,000 shares of the company’s stock, valued at $45,651,320. This represents a 2.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

AON Stock Performance

NYSE:AON opened at $324.90 on Thursday. The stock has a market capitalization of $69.61 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.68 and a beta of 0.83. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.55. Aon plc has a 1 year low of $304.59 and a 1 year high of $412.97. The firm has a 50 day moving average of $340.03 and a 200-day moving average of $349.68.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.75 by $0.10. AON had a return on equity of 45.23% and a net margin of 21.51%.The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same period in the prior year, the company earned $4.42 EPS. AON’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, February 2nd. AON’s payout ratio is currently 17.51%.

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.