Beacon Financial Group Sells 106 Shares of Aon plc (NYSE:AON)

Beacon Financial Group decreased its stake in shares of Aon plc (NYSE:AON) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,158 shares of the financial services provider’s stock after selling 106 shares during the period. Beacon Financial Group’s holdings in AON were worth $2,571,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. AMF Tjanstepension AB acquired a new position in shares of AON in the third quarter valued at approximately $20,856,000. Sapient Capital LLC grew its holdings in AON by 367.7% in the 3rd quarter. Sapient Capital LLC now owns 3,428 shares of the financial services provider’s stock valued at $1,186,000 after buying an additional 2,695 shares in the last quarter. CX Institutional increased its position in AON by 0.5% during the 3rd quarter. CX Institutional now owns 10,426 shares of the financial services provider’s stock worth $3,607,000 after buying an additional 49 shares during the period. Wesbanco Bank Inc. acquired a new stake in shares of AON during the third quarter worth $3,638,000. Finally, Trust Co. of Oklahoma boosted its position in shares of AON by 3.5% in the third quarter. Trust Co. of Oklahoma now owns 1,071 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 36 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on AON shares. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. BMO Capital Markets lifted their price target on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price target on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, AON presently has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Stock Down 0.4 %

Shares of AON stock opened at $384.23 on Wednesday. The firm has a market cap of $83.10 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 2.09 and a beta of 0.93. The stock’s 50-day moving average is $365.29 and its 200 day moving average is $358.04. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 2.05. Aon plc has a one year low of $268.06 and a one year high of $395.33.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the business posted $3.89 earnings per share. Equities research analysts anticipate that Aon plc will post 17.24 EPS for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.70%. AON’s dividend payout ratio (DPR) is presently 21.33%.

Insider Activity

In other AON news, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Mindy F. Simon sold 650 shares of AON stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.