Tilt Investment Management Holdings PBC Takes Position in Aon plc (NYSE:AON)

Tilt Investment Management Holdings PBC bought a new stake in shares of Aon plc (NYSE:AON) in the 4th quarter, Holdings Channel reports. The fund bought 874 shares of the financial services provider’s stock, valued at approximately $254,000.

Other large investors also recently modified their holdings of the company. Arcus Capital Partners LLC grew its stake in AON by 2.7% in the third quarter. Arcus Capital Partners LLC now owns 1,171 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 31 shares in the last quarter. Ronald Blue Trust Inc. grew its stake in AON by 7.4% in the third quarter. Ronald Blue Trust Inc. now owns 450 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 31 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in AON by 10.4% in the third quarter. Geneos Wealth Management Inc. now owns 341 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 32 shares in the last quarter. Integrated Advisors Network LLC grew its stake in AON by 5.1% in the third quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 32 shares in the last quarter. Finally, Equitable Holdings Inc. grew its stake in AON by 2.3% in the first quarter. Equitable Holdings Inc. now owns 1,447 shares of the financial services provider’s stock worth $456,000 after purchasing an additional 32 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AON shares. BMO Capital Markets decreased their price target on AON from $350.00 to $325.00 and set a “market perform” rating for the company in a research note on Friday, December 22nd. Keefe, Bruyette & Woods lifted their target price on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. TD Cowen started coverage on AON in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 target price for the company. Piper Sandler lifted their target price on AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Finally, Royal Bank of Canada decreased their target price on AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research note 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 MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $334.69.

Insider Buying and Selling

In other news, Director Lester B. Knight bought 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were purchased at an average price of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the acquisition, the director now directly owns 134,000 shares in the company, valued at $40,463,980. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Christa Davies sold 20,618 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $311.40, for a total transaction of $6,420,445.20. Following the sale, the chief financial officer now owns 159,570 shares of the company’s stock, valued at $49,690,098. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lester B. Knight bought 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were purchased at an average cost of $301.97 per share, for a total transaction of $15,098,500.00. Following the acquisition, the director now owns 134,000 shares of the company’s stock, valued at $40,463,980. The disclosure for this purchase can be found here. Insiders have sold a total of 74,532 shares of company stock valued at $23,335,805 over the last quarter. Corporate insiders own 1.15% of the company’s stock.

AON Trading Up 1.3 %

AON opened at $308.70 on Friday. The business’s 50 day moving average is $317.81 and its 200-day moving average is $314.92. The stock has a market cap of $61.21 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.84 and a beta of 0.86. Aon plc has a twelve month low of $284.85 and a twelve month high of $347.37.

AON (NYSE:AON) last released its quarterly 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 business had revenue of $3.38 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $3.89 EPS. As a group, analysts forecast that Aon plc will post 15.82 EPS 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 issued a dividend of $0.675 per share. This is a boost from AON’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, April 30th. This represents a $2.70 annualized dividend and a yield of 0.87%. AON’s payout ratio is presently 21.63%.

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.