Aon plc (NYSE:AON) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. lessened its stake in Aon plc (NYSE:AONGet Rating) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,771 shares of the financial services provider’s stock after selling 163 shares during the period. Sumitomo Life Insurance Co.’s holdings in AON were worth $1,434,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AON. Mawer Investment Management Ltd. boosted its holdings in AON by 0.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 6,090,320 shares of the financial services provider’s stock valued at $1,740,431,000 after purchasing an additional 39,608 shares in the last quarter. WCM Investment Management LLC boosted its holdings in AON by 0.5% in the 4th quarter. WCM Investment Management LLC now owns 4,612,073 shares of the financial services provider’s stock valued at $1,386,205,000 after purchasing an additional 24,793 shares in the last quarter. Capital World Investors boosted its holdings in AON by 41.6% in the 3rd quarter. Capital World Investors now owns 4,235,708 shares of the financial services provider’s stock valued at $1,210,438,000 after purchasing an additional 1,244,515 shares in the last quarter. Geode Capital Management LLC boosted its holdings in AON by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 4,113,350 shares of the financial services provider’s stock valued at $1,172,584,000 after purchasing an additional 166,198 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in AON by 9.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,543,989 shares of the financial services provider’s stock valued at $726,996,000 after purchasing an additional 212,028 shares in the last quarter. Hedge funds and other institutional investors own 88.17% of the company’s stock.

AON traded up $1.96 during trading on Monday, hitting $330.22. The company’s stock had a trading volume of 5,535 shares, compared to its average volume of 1,277,168. The firm’s 50 day moving average price is $305.84 and its 200-day moving average price is $298.00. The company has a debt-to-equity ratio of 7.11, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $72.76 billion, a PE ratio of 59.44 and a beta of 0.91. Aon plc has a twelve month low of $223.19 and a twelve month high of $336.41.

AON (NYSE:AONGet Rating) last released its quarterly earnings data on Friday, February 4th. The financial services provider reported $3.71 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.31. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.16 billion. AON had a return on equity of 87.65% and a net margin of 10.29%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.62 EPS. Equities analysts anticipate that Aon plc will post 13.23 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 13th. Stockholders of record on Monday, May 2nd will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.68%. This is an increase from AON’s previous quarterly dividend of $0.51. AON’s dividend payout ratio is presently 36.62%.

AON declared that its board has authorized a share repurchase plan on Friday, February 18th that permits the company to repurchase $7.50 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 11.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

A number of equities research analysts have weighed in on the company. Evercore ISI lowered AON from an “in-line” rating to an “underperform” rating and lifted their price objective for the company from $288.00 to $292.00 in a report on Thursday, January 6th. StockNews.com assumed coverage on AON in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company decreased their price target on AON from $326.00 to $321.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 4th. Piper Sandler decreased their price target on AON from $325.00 to $295.00 and set a “neutral” rating on the stock in a research note on Monday, January 24th. Finally, Zacks Investment Research raised AON from a “hold” rating to a “buy” rating and set a $350.00 price target on the stock in a research note on Monday, April 11th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $306.67.

In other AON news, CFO Christa Davies sold 32,942 shares of the company’s stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $282.51, for a total value of $9,306,444.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Darren Zeidel sold 82 shares of the company’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $308.31, for a total transaction of $25,281.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,390 shares of company stock valued at $11,982,022. Insiders own 0.99% of the company’s stock.

About AON (Get Rating)

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; 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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