Catalytic Wealth RIA LLC Raises Stake in Aon plc (NYSE:AON)

Catalytic Wealth RIA LLC raised its position in Aon plc (NYSE:AON) by 17.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,037 shares of the financial services provider’s stock after acquiring an additional 155 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in AON were worth $346,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AON. Edgestream Partners L.P. purchased a new stake in shares of AON during the 1st quarter worth approximately $906,000. Vanguard Group Inc. lifted its position in shares of AON by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after buying an additional 64,500 shares during the last quarter. Spirepoint Private Client LLC purchased a new stake in shares of AON during the 1st quarter worth approximately $369,000. Intech Investment Management LLC lifted its position in shares of AON by 54.7% during the 1st quarter. Intech Investment Management LLC now owns 102,873 shares of the financial services provider’s stock worth $34,331,000 after buying an additional 36,387 shares during the last quarter. Finally, Motco lifted its position in shares of AON by 511,033.3% during the 1st quarter. Motco now owns 30,668 shares of the financial services provider’s stock worth $10,235,000 after buying an additional 30,662 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Transactions at AON

In other AON news, Director Lester B. Knight acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $276.61 per share, for a total transaction of $2,766,100.00. Following the transaction, the director now directly owns 139,000 shares of the company’s stock, valued at $38,448,790. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.15% of the company’s stock.

AON Trading Up 1.0 %

Shares of NYSE:AON traded up $2.95 on Monday, reaching $299.12. 890,738 shares of the company were exchanged, compared to its average volume of 1,280,107. Aon plc has a 1-year low of $268.06 and a 1-year high of $344.68. The firm has a market cap of $65.04 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 1.97 and a beta of 0.91. The company has a 50-day moving average of $291.43 and a 200-day moving average of $302.40.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share 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 for the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the company earned $5.17 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, analysts forecast that Aon plc will post 15.41 earnings per share for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.675 per share. The ex-dividend date is Thursday, August 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.90%. AON’s dividend payout ratio (DPR) is presently 21.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Citigroup began coverage on shares of AON in a report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 target price on the stock. Piper Sandler cut their target price on shares of AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $311.00 target price on shares of AON in a report on Tuesday, May 28th. Finally, Wells Fargo & Company cut their target price on shares of AON from $289.00 to $287.00 and set an “underweight” rating on the stock in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus target price of $321.36.

About AON

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.