LVW Advisors LLC Grows Stock Position in Aon plc (NYSE:AON)

LVW Advisors LLC lifted its stake in shares of Aon plc (NYSE:AON) by 11.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,166 shares of the financial services provider’s stock after purchasing an additional 121 shares during the quarter. LVW Advisors LLC’s holdings in AON were worth $389,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BKM Wealth Management LLC purchased a new position in AON in the fourth quarter worth $25,000. Frazier Financial Advisors LLC purchased a new position in AON in the fourth quarter worth $31,000. Rise Advisors LLC purchased a new position in AON in the first quarter worth $37,000. Bruce G. Allen Investments LLC purchased a new position in AON in the fourth quarter worth $40,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in AON in the fourth quarter worth $43,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $315.00 price objective on shares of AON in a research report on Tuesday, June 18th. Keefe, Bruyette & Woods upped their target price on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $311.00 target price on shares of AON in a report on Tuesday, May 28th. Piper Sandler lowered their target price on AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Finally, JPMorgan Chase & Co. upped their target price on AON from $318.00 to $353.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, AON has a consensus rating of “Hold” and an average target price of $321.86.

AON Trading Up 0.3 %

Shares of NYSE:AON opened at $293.58 on Monday. The stock’s 50-day moving average price is $289.64 and its two-hundred day moving average price is $302.36. Aon plc has a 12-month low of $268.06 and a 12-month high of $347.37. The firm has a market cap of $63.83 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.94 and a beta of 0.91.

AON (NYSE:AON) last released its quarterly earnings data 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). The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.14 billion. AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $5.17 earnings per share. As a group, research analysts forecast that Aon plc will post 15.48 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a dividend of $0.675 per share. This is an increase from AON’s previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Tuesday, April 30th. AON’s dividend payout ratio (DPR) is presently 21.16%.

Insider Activity at AON

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

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.