Allworth Financial LP Purchases 2,210 Shares of Aon plc $AON

Allworth Financial LP lifted its holdings in Aon plc (NYSE:AON) by 61.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,799 shares of the financial services provider’s stock after purchasing an additional 2,210 shares during the quarter. Allworth Financial LP’s holdings in AON were worth $1,924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AON. California State Teachers Retirement System grew its stake in shares of AON by 32,835.5% during the second quarter. California State Teachers Retirement System now owns 101,761,829 shares of the financial services provider’s stock valued at $33,753,381,000 after purchasing an additional 101,452,856 shares during the last quarter. Capital World Investors boosted its position in AON by 1.5% in the 4th quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock valued at $4,323,850,000 after buying an additional 176,207 shares during the last quarter. State Street Corp increased its stake in shares of AON by 1.2% in the 3rd quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock valued at $3,291,048,000 after buying an additional 105,154 shares during the period. Dodge & Cox raised its position in shares of AON by 126.6% during the fourth quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock worth $2,770,975,000 after acquiring an additional 4,387,773 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of AON by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock valued at $1,810,726,000 after acquiring an additional 28,066 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at AON

In other AON news, Director Lester Knight acquired 20,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were acquired at an average price of $327.48 per share, with a total value of $6,549,600.00. Following the completion of the transaction, the director 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Darren Zeidel sold 1,900 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total transaction of $717,744.00. Following the sale, the general counsel directly owned 11,504 shares in the company, valued at $4,345,751.04. The trade was a 14.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 4,450 shares of company stock valued at $1,659,242. Company insiders own 1.00% of the company’s stock.

AON Price Performance

NYSE:AON opened at $303.19 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34. The firm has a fifty day simple moving average of $350.34 and a 200 day simple moving average of $333.70. Aon plc has a 1-year low of $302.44 and a 1-year high of $382.34. The stock has a market capitalization of $64.31 billion, a PE ratio of 16.71, a P/E/G ratio of 1.56 and a beta of 0.66.

AON (NYSE:AON) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, beating analysts’ consensus estimates of $3.80 by $0.01. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%.The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.49 EPS. On average, research analysts expect that Aon plc will post 18.94 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. AON’s payout ratio is presently 18.08%.

Wall Street Analyst Weigh In

AON has been the subject of several recent research reports. Roth Capital set a $380.00 target price on shares of AON in a research report on Tuesday, September 1st. BMO Capital Markets decreased their price objective on AON from $375.00 to $360.00 and set a “market perform” rating for the company in a research note on Tuesday, September 1st. Barclays upped their price objective on AON from $372.00 to $382.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. UBS Group reiterated a “neutral” rating on shares of AON in a research report on Monday, August 31st. Finally, TD Cowen reissued a “buy” rating on shares of AON in a report on Tuesday, September 1st. Twelve analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $399.12.

AON Profile

Aon plc is a global professional services firm that helps organizations manage risk, support workforce strategies and make informed decisions. Its principal activities include commercial risk brokerage, insurance and reinsurance consulting, retirement and investment advisory services, health and benefits consulting, and data- and analytics-based business solutions.

Aon serves businesses, governments, institutional investors and individuals across a broad range of industries and geographies.