Diversified Trust Co Purchases 1,666 Shares of Aon plc (NYSE:AON)

Diversified Trust Co boosted its position in Aon plc (NYSE:AON) by 15.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,733 shares of the financial services provider’s stock after acquiring an additional 1,666 shares during the quarter. Diversified Trust Co’s holdings in AON were worth $4,249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital International Investors increased its stake in AON by 0.4% in the fourth quarter. Capital International Investors now owns 5,524,730 shares of the financial services provider’s stock valued at $1,607,519,000 after acquiring an additional 22,346 shares during the last quarter. Lazard Asset Management LLC boosted its position in AON by 1.1% during the third quarter. Lazard Asset Management LLC now owns 4,479,652 shares of the financial services provider’s stock valued at $1,452,390,000 after buying an additional 50,290 shares during the period. Mackenzie Financial Corp boosted its position in AON by 8.3% during the fourth quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock valued at $678,406,000 after buying an additional 179,238 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in AON by 14.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,472,309 shares of the financial services provider’s stock valued at $428,280,000 after buying an additional 182,688 shares during the period. Finally, Norges Bank purchased a new stake in AON during the fourth quarter valued at about $423,030,000. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In other AON news, Director Lester B. Knight bought 10,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was acquired at an average price of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the purchase, the director now owns 139,000 shares of the company’s stock, valued at $38,448,790. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 1.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. upped their price target on shares of AON from $318.00 to $353.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods upped their price target on shares of AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $311.00 price target on shares of AON in a research report on Tuesday, May 28th. Finally, Piper Sandler dropped their target price on shares of AON from $326.00 to $312.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $321.86.

AON Price Performance

AON stock traded up $1.14 during trading on Monday, reaching $294.72. The company had a trading volume of 214,776 shares, compared to its average volume of 1,303,717. Aon plc has a 52 week low of $268.06 and a 52 week high of $344.68. The company has a market cap of $64.08 billion, a P/E ratio of 23.01, a PEG ratio of 1.94 and a beta of 0.91. The business has a 50 day moving average of $289.64 and a 200 day moving average of $302.36.

AON (NYSE:AON) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the company earned $5.17 earnings per share. AON’s quarterly revenue was up 5.1% on a year-over-year basis. Research analysts expect that Aon plc will post 15.48 earnings per share for the current year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a $0.675 dividend. This is an increase from AON’s previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Tuesday, April 30th. AON’s dividend payout ratio is presently 21.16%.

AON Profile

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.