2,663 Aon plc $AON Shares Sold by Carderock Capital Management Inc.

Carderock Capital Management Inc. reduced its stake in Aon plc (NYSE:AON) by 11.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,896 shares of the financial services provider’s stock after selling 2,663 shares during the quarter. Carderock Capital Management Inc.’s holdings in AON were worth $5,783,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AON. SJS Investment Consulting Inc. increased its holdings in shares of AON by 258.3% during the first quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 93 shares in the last quarter. Downshift Financial LLC grew its holdings in AON by 15,700.0% during the third quarter. Downshift Financial LLC now owns 158 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 157 shares during the period. Ashurst Perkins Coie Trust Co bought a new stake in AON during the 3rd quarter valued at $60,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of AON in the 1st quarter valued at about $61,000. Finally, Maryland Capital Advisors Inc. grew its position in AON by 23,400.0% during the third quarter. Maryland Capital Advisors Inc. now owns 235 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 234 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AON shares. Weiss Ratings lowered shares of AON from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. Barclays dropped their price target on AON from $382.00 to $317.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 7th. Wolfe Research cut shares of AON from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. BMO Capital Markets decreased their target price on AON from $360.00 to $286.00 and set a “market perform” rating on the stock in a research report on Thursday, October 1st. Finally, Piper Sandler dropped their price objective on shares of AON from $391.00 to $349.00 and set a “neutral” rating for the company in a research note on Tuesday, September 1st. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $367.59.

Insiders Place Their Bets

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

AON Price Performance

Shares of AON stock opened at $303.47 on Friday. The firm has a market capitalization of $64.37 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.61 and a beta of 0.70. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54. The stock’s 50-day simple moving average is $305.15 and its 200-day simple moving average is $325.24. Aon plc has a fifty-two week low of $266.33 and a fifty-two week high of $382.34.

AON (NYSE:AON) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.01. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $3.49 EPS. As a group, equities analysts forecast that Aon plc will post 18.73 earnings per share for the current fiscal year.

AON Dividend Announcement

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

About AON

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon’s human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.