SageView Advisory Group LLC Buys New Position in Aon plc (NYSE:AON)

SageView Advisory Group LLC bought a new stake in Aon plc (NYSE:AON) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,092 shares of the financial services provider’s stock, valued at approximately $625,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AON. Integrated Advisors Network LLC raised its stake in shares of AON by 5.1% during the third quarter. Integrated Advisors Network LLC now owns 665 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 32 shares in the last quarter. Signaturefd LLC raised its stake in shares of AON by 1.8% during the fourth quarter. Signaturefd LLC now owns 2,149 shares of the financial services provider’s stock worth $625,000 after acquiring an additional 38 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in shares of AON by 3.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,246 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 38 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of AON by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,724 shares of the financial services provider’s stock worth $502,000 after acquiring an additional 39 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of AON by 2.0% during the fourth quarter. UMB Bank n.a. now owns 2,010 shares of the financial services provider’s stock worth $585,000 after acquiring an additional 40 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Down 0.7 %

NYSE:AON opened at $297.90 on Wednesday. The stock has a market cap of $64.77 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 1.99 and a beta of 0.91. The firm’s fifty day simple moving average is $291.83 and its 200 day simple moving average is $304.14. Aon plc has a twelve month low of $268.06 and a twelve month high of $347.37.

AON (NYSE:AON) last announced its earnings results on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the firm posted $5.17 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Aon plc will post 15.48 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Tuesday, April 30th. This is a boost from AON’s previous quarterly dividend of $0.62. AON’s payout ratio is 21.16%.

Analyst Ratings Changes

Several research firms have commented on AON. Wells Fargo & Company decreased their price target on shares of AON from $300.00 to $289.00 and set an “underweight” rating on the stock in a research note on Monday, April 29th. Bank of America cut shares of AON from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $345.00 to $306.00 in a report on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $311.00 target price on shares of AON in a report on Tuesday, May 28th. Citigroup assumed 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. Finally, Keefe, Bruyette & Woods raised their target price on shares of AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, AON presently has a consensus rating of “Hold” and an average price target of $321.86.

Insider Activity

In other AON news, Director Lester B. Knight bought 10,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were purchased at an average price of $276.61 per share, for a total transaction of $2,766,100.00. Following the acquisition, the director now owns 139,000 shares in the company, valued at approximately $38,448,790. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.15% of the company’s stock.

AON 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.