Bleakley Financial Group LLC Has $6.92 Million Stock Holdings in Aon plc $AON

Bleakley Financial Group LLC grew its position in shares of Aon plc (NYSE:AON) by 9.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,435 shares of the financial services provider’s stock after buying an additional 1,770 shares during the period. Bleakley Financial Group LLC’s holdings in AON were worth $6,919,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AON. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in AON in the 4th quarter worth about $4,305,000. SG Americas Securities LLC boosted its holdings in AON by 1,640.4% in the 4th quarter. SG Americas Securities LLC now owns 143,163 shares of the financial services provider’s stock valued at $50,519,000 after purchasing an additional 134,937 shares during the period. Aviva PLC grew its position in shares of AON by 2.0% during the 4th quarter. Aviva PLC now owns 333,454 shares of the financial services provider’s stock worth $117,669,000 after purchasing an additional 6,622 shares in the last quarter. TABR Capital Management LLC bought a new position in shares of AON during the fourth quarter worth approximately $1,278,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of AON by 21.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,552 shares of the financial services provider’s stock valued at $13,251,000 after buying an additional 6,509 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Darren Zeidel sold 600 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $360.00, for a total value of $216,000.00. Following the sale, the general counsel directly owned 15,354 shares of the company’s stock, valued at $5,527,440. This trade represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by company insiders.

AON Stock Performance

Shares of NYSE:AON opened at $359.16 on Wednesday. Aon plc has a 1 year low of $304.59 and a 1 year high of $381.00. The stock has a market capitalization of $76.71 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 1.93 and a beta of 0.71. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95. The company’s 50 day simple moving average is $329.08 and its 200 day simple moving average is $330.87.

AON (NYSE:AON) last released its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.37 by $0.11. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $5.67 earnings per share. As a group, research analysts predict that Aon plc will post 19.09 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 3rd. AON’s dividend payout ratio is currently 18.00%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AON. Mizuho boosted their price target on AON from $389.00 to $426.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Cantor Fitzgerald lifted their price objective on AON from $416.00 to $445.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods cut their target price on AON from $404.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Citigroup raised their price target on AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Piper Sandler dropped their price target on AON from $360.00 to $355.00 and set an “overweight” rating for the company in a research note on Monday, June 15th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $403.19.

AON Company 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.