Massmutual Trust Co. FSB ADV Sells 94 Shares of Aon plc (NYSE:AON)

Massmutual Trust Co. FSB ADV decreased its position in Aon plc (NYSE:AON) by 16.4% during the first quarter, HoldingsChannel.com reports. The firm owned 480 shares of the financial services provider’s stock after selling 94 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in AON were worth $160,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Rise Advisors LLC bought a new position in AON in the 1st quarter worth about $37,000. Beese Fulmer Investment Management Inc. lifted its stake in AON by 10.1% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 23,740 shares of the financial services provider’s stock valued at $7,923,000 after acquiring an additional 2,174 shares during the period. First Hawaiian Bank lifted its stake in AON by 3.0% during the 1st quarter. First Hawaiian Bank now owns 5,806 shares of the financial services provider’s stock valued at $1,938,000 after acquiring an additional 171 shares during the period. GAMMA Investing LLC lifted its stake in AON by 11.1% during the 1st quarter. GAMMA Investing LLC now owns 410 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 41 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in AON by 26.5% during the 1st quarter. Los Angeles Capital Management LLC now owns 18,615 shares of the financial services provider’s stock valued at $6,212,000 after acquiring an additional 3,901 shares during the period. Institutional investors own 86.14% of the company’s stock.

AON Trading Up 0.3 %

AON stock opened at $297.54 on Friday. The firm has a 50 day moving average of $290.97 and a 200 day moving average of $303.84. The firm has a market capitalization of $64.69 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 1.96 and a beta of 0.91. Aon plc has a 12-month low of $268.06 and a 12-month high of $347.37.

AON (NYSE:AON) last released its earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the prior year, the company posted $5.17 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that Aon plc will post 15.48 EPS for the current year.

AON Increases Dividend

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

Insiders Place Their Bets

In other news, Director Lester B. Knight bought 10,000 shares of AON stock in a transaction dated Friday, May 3rd. The shares were purchased at an average cost of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the acquisition, the director now owns 139,000 shares of the company’s stock, valued at approximately $38,448,790. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.15% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of several research analyst reports. Morgan Stanley upped their target price on shares of AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $311.00 target price on shares of AON in a research note on Tuesday, May 28th. Keefe, Bruyette & Woods upped their price target on shares of AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. upped their price target on shares of AON from $318.00 to $353.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Piper Sandler reduced their price target on shares of AON from $326.00 to $312.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $321.86.

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.