New Capital Management LP Purchases Shares of 741 Aon plc (NYSE:AON)

New Capital Management LP purchased a new stake in Aon plc (NYSE:AON – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 741 shares of the financial services provider’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new stake in shares of AON during the 3rd quarter worth $25,000. Western Pacific Wealth Management LP purchased a new stake in shares of AON during the 3rd quarter worth $29,000. Coston McIsaac & Partners purchased a new stake in shares of AON during the 2nd quarter worth $38,000. Eagle Bay Advisors LLC acquired a new stake in AON during the 2nd quarter worth $39,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in AON by 47.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 158 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 86.12% of the company’s stock.

Insider Buying and Selling

In other AON news, CFO Christa Davies sold 51,244 shares of AON stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $310.14, for a total transaction of $15,892,814.16. Following the completion of the transaction, the chief financial officer now owns 199,571 shares in the company, valued at $61,894,949.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Michael Neller sold 1,000 shares of the business’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $311.59, for a total value of $311,590.00. Following the completion of the transaction, the insider now directly owns 1,216 shares of the company’s stock, valued at $378,893.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Christa Davies sold 51,244 shares of the company’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $310.14, for a total value of $15,892,814.16. Following the completion of the sale, the chief financial officer now owns 199,571 shares in the company, valued at $61,894,949.94. The disclosure for this sale can be found here. Insiders have sold 73,389 shares of company stock worth $22,664,130 in the last three months. Corporate insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the topic of several research analyst reports. TheStreet upgraded shares of AON from a “c+” rating to a “b-” rating in a research note on Friday, December 9th. BMO Capital Markets initiated coverage on shares of AON in a research note on Thursday, January 19th. They set a “market perform” rating and a $310.00 price target on the stock. StockNews.com began coverage on shares of AON in a research note on Thursday. They set a “hold” rating on the stock. Roth Capital restated a “buy” rating on shares of AON in a research note on Tuesday, February 7th. Finally, Credit Suisse Group began coverage on shares of AON in a research note on Friday, January 13th. They issued an “outperform” rating and a $363.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $314.80.

AON Trading Down 0.8 %

NYSE:AON opened at $296.59 on Friday. The stock has a market capitalization of $60.84 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 2.03 and a beta of 0.89. Aon plc has a 1 year low of $246.21 and a 1 year high of $341.98. The stock has a fifty day moving average price of $310.61 and a two-hundred day moving average price of $297.00. The company has a debt-to-equity ratio of 12.27, a quick ratio of 1.37 and a current ratio of 1.37.

AON (NYSE:AON – Get Rating) last released its quarterly earnings data on Friday, February 3rd. The financial services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.67 by $0.22. AON had a net margin of 20.75% and a return on equity of 1,165.31%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the firm earned $3.71 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Aon plc will post 14.53 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Tuesday, January 31st. AON’s dividend payout ratio (DPR) is presently 18.48%.

About AON

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Aon Plc engages in the provision of risk, health, and wealth solutions. It operates through Global Professional Services Firm segment. The Global Professional Services Firm segment involves in the provides advice and solutions to clients focused on risk, health and wealth through four principal products and services.