Desjardins Global Asset Management Inc. Has $465,000 Holdings in Aon plc (NYSE:AON)

Desjardins Global Asset Management Inc. decreased its holdings in shares of Aon plc (NYSE:AONFree Report) by 42.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,597 shares of the financial services provider’s stock after selling 1,172 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in AON were worth $465,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AON. Moneta Group Investment Advisors LLC raised its stake in AON by 106,777.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,817,279 shares of the financial services provider’s stock worth $845,578,000 after acquiring an additional 2,814,643 shares in the last quarter. Norges Bank bought a new stake in AON in the fourth quarter valued at approximately $341,922,000. Morgan Stanley boosted its holdings in shares of AON by 38.7% during the 4th quarter. Morgan Stanley now owns 2,223,478 shares of the financial services provider’s stock worth $667,355,000 after buying an additional 620,067 shares in the last quarter. Barclays PLC boosted its holdings in shares of AON by 200.5% during the 2nd quarter. Barclays PLC now owns 831,903 shares of the financial services provider’s stock worth $287,171,000 after buying an additional 555,078 shares in the last quarter. Finally, Fiera Capital Corp raised its position in shares of AON by 410.9% during the third quarter. Fiera Capital Corp now owns 654,446 shares of the financial services provider’s stock worth $212,184,000 after purchasing an additional 526,353 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 0.2 %

Shares of NYSE AON opened at $304.79 on Thursday. Aon plc has a 12 month low of $284.85 and a 12 month high of $347.37. The firm has a market capitalization of $60.44 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.84 and a beta of 0.86. The business has a 50-day moving average of $317.78 and a 200-day moving average of $314.96.

AON (NYSE:AONGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 EPS for the quarter, missing the consensus estimate of $4.07 by ($0.18). AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The business had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.36 billion. During the same period in the previous year, the firm posted $3.89 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts predict that Aon plc will post 15.82 earnings per share for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.675 dividend. This is an increase from AON’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a yield of 0.89%. AON’s payout ratio is presently 19.71%.

Insider Buying and Selling

In related news, insider Lisa Stevens sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the sale, the insider now owns 10,073 shares in the company, valued at approximately $3,175,613.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Michael Neller sold 750 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total transaction of $234,000.00. Following the transaction, the insider now directly owns 3,869 shares of the company’s stock, valued at $1,207,128. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa Stevens sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the transaction, the insider now directly owns 10,073 shares in the company, valued at $3,175,613.98. The disclosure for this sale can be found here. Insiders sold 74,532 shares of company stock worth $23,335,805 in the last quarter. 1.15% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on AON. Piper Sandler increased their price target on AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Royal Bank of Canada decreased their price objective on AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a report on Monday, February 5th. Keefe, Bruyette & Woods lifted their price objective on AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Morgan Stanley lifted their price objective on AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, TD Cowen began coverage on AON in a report on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $335.36.

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AON Profile

(Free Report)

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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