Rede Wealth LLC Buys New Stake in Aon plc $AON

Rede Wealth LLC bought a new stake in Aon plc (NYSE:AON) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,898 shares of the financial services provider’s stock, valued at approximately $670,000.

Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp increased its position in 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 acquiring an additional 105,154 shares during the period. Bank of New York Mellon Corp increased its position in shares of AON by 5.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,715,346 shares of the financial services provider’s stock valued at $1,324,818,000 after purchasing an additional 207,690 shares during the period. Dodge & Cox acquired a new position in shares of AON during the 3rd quarter valued at $1,235,437,000. Neuberger Berman Group LLC increased its position in shares of AON by 12.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,330,363 shares of the financial services provider’s stock valued at $830,945,000 after purchasing an additional 249,549 shares during the period. Finally, Farallon Capital Management LLC increased its position in shares of AON by 14.7% during the 3rd quarter. Farallon Capital Management LLC now owns 2,278,017 shares of the financial services provider’s stock valued at $812,295,000 after purchasing an additional 291,600 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AON

In other AON news, General Counsel Darren Zeidel sold 5,040 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $325.79, for a total value of $1,641,981.60. Following the completion of the sale, the general counsel owned 20,254 shares of the company’s stock, valued at $6,598,550.66. The trade was a 19.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lester B. Knight purchased 4,000 shares of AON stock in a transaction 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 transaction, the director directly owned 143,000 shares of the company’s stock, valued at approximately $45,651,320. The trade was a 2.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by insiders.

AON Stock Performance

Shares of AON stock opened at $325.41 on Tuesday. The stock has a market cap of $69.72 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.72 and a beta of 0.83. The business has a fifty day simple moving average of $325.66 and a 200-day simple moving average of $340.28. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.55. Aon plc has a 12 month low of $304.59 and a 12 month high of $387.69.

AON (NYSE:AON) last issued its earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.75 by $0.10. AON had a return on equity of 45.23% and a net margin of 21.51%.The company 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 firm posted $4.42 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be given a $0.82 dividend. This is an increase from AON’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 1st. AON’s payout ratio is presently 17.51%.

Analyst Ratings Changes

Several brokerages have recently issued reports on AON. JPMorgan Chase & Co. lowered their price target on AON from $406.00 to $396.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Citigroup raised their price objective on AON from $402.00 to $412.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Bank of America raised AON from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $398.00 to $397.00 in a research note on Friday, February 27th. TD Cowen reissued a “buy” rating on shares of AON in a research note on Monday, March 16th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $408.00 price objective on shares of AON in a research note on Monday, February 2nd. Fourteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $401.81.

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.