Alberta Investment Management Corp Purchases Shares of 3,000 Aon plc $AON

Alberta Investment Management Corp acquired a new stake in Aon plc (NYSE:AON) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,000 shares of the financial services provider’s stock, valued at approximately $1,070,000.

Other large investors have also modified their holdings of the company. Westside Investment Management Inc. increased its position in AON by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 35 shares in the last quarter. Heartwood Wealth Advisors LLC bought a new stake in shares of AON in the 3rd quarter worth $29,000. Atlantic Union Bankshares Corp purchased a new position in shares of AON in the second quarter worth approximately $31,000. Salomon & Ludwin LLC acquired a new stake in AON during the third quarter valued at $31,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of AON in the second quarter worth $37,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AON shares. Roth Mkm restated a “buy” rating and set a $390.00 target price on shares of AON in a research report on Tuesday, November 4th. Cantor Fitzgerald increased their target price on shares of AON from $393.00 to $412.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Morgan Stanley set a $400.00 price target on shares of AON in a report on Tuesday, December 16th. UBS Group restated a “neutral” rating and issued a $385.00 target price on shares of AON in a research report on Monday, February 2nd. Finally, Evercore reaffirmed an “outperform” rating and set a $436.00 price objective on shares of AON in a research report on Wednesday, January 7th. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, AON currently has a consensus rating of “Moderate Buy” and an average target price of $409.75.

AON Trading Up 0.4%

Shares of AON stock opened at $324.20 on Friday. The company has a market capitalization of $69.46 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.65 and a beta of 0.83. Aon plc has a twelve month low of $304.59 and a twelve month high of $412.97. The firm has a 50-day moving average price of $342.56 and a 200 day moving average price of $350.95. The company has a current ratio of 2.03, a quick ratio of 1.35 and a debt-to-equity ratio of 1.55.

AON (NYSE:AON) last posted its earnings results on Friday, January 30th. The financial services provider reported $4.85 EPS for the quarter, topping the consensus estimate of $4.75 by $0.10. AON had a net margin of 21.51% and a return on equity of 45.23%. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter in the prior year, the firm earned $4.42 EPS. AON’s quarterly revenue was up 3.7% on a year-over-year basis. Research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a $0.745 dividend. The ex-dividend date was Monday, February 2nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s dividend payout ratio is currently 17.51%.

Insider Activity

In other news, General Counsel Darren Zeidel sold 5,040 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $325.79, for a total transaction of $1,641,981.60. Following the completion of the sale, the general counsel owned 20,254 shares in the company, valued at $6,598,550.66. The trade was a 19.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lester B. Knight acquired 4,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was acquired at an average cost of $319.24 per share, for a total transaction of $1,276,960.00. Following the transaction, the director owned 143,000 shares of the company’s stock, valued at approximately $45,651,320. The trade was a 2.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is owned by company insiders.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.