Everence Capital Management Inc. Has $1.99 Million Position in Aon plc (NYSE:AON)

Everence Capital Management Inc. increased its position in Aon plc (NYSE:AON) by 23.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,840 shares of the financial services provider’s stock after purchasing an additional 1,300 shares during the quarter. Everence Capital Management Inc.’s holdings in AON were worth $1,991,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BKM Wealth Management LLC acquired a new position in shares of AON during the 4th quarter worth approximately $25,000. Milestone Investment Advisors LLC acquired a new position in shares of AON in the third quarter valued at $30,000. Quarry LP bought a new position in shares of AON in the first quarter valued at about $31,000. Headlands Technologies LLC acquired a new stake in shares of AON during the 3rd quarter worth about $39,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of AON during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Piper Sandler boosted their price objective on AON from $306.00 to $326.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Keefe, Bruyette & Woods increased their price objective on AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. UBS Group dropped their target price on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a report on Monday, February 5th. BMO Capital Markets lowered their price target on shares of AON from $350.00 to $325.00 and set a “market perform” rating on the stock in a research report on Friday, December 22nd. Finally, Royal Bank of Canada cut their price objective on shares of AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, AON presently has a consensus rating of “Hold” and an average price target of $335.36.

AON Trading Down 0.4 %

Shares of NYSE AON opened at $304.09 on Wednesday. The stock has a 50-day moving average price of $317.73 and a two-hundred day moving average price of $315.03. Aon plc has a 12 month low of $284.85 and a 12 month high of $347.37. The company has a market cap of $60.30 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 1.85 and a beta of 0.86.

AON (NYSE:AON) last issued its earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.36 billion. AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.89 EPS. On average, sell-side analysts predict that Aon plc will post 15.77 earnings per share for the current year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.89%. This is a positive change from AON’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, April 30th. AON’s dividend payout ratio (DPR) is presently 19.71%.

Insider Transactions at AON

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

AON Company 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.