Csenge Advisory Group Has $495,000 Stake in Aon plc (NYSE:AON)

Csenge Advisory Group reduced its stake in shares of Aon plc (NYSE:AON) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,379 shares of the financial services provider’s stock after selling 33 shares during the quarter. Csenge Advisory Group’s holdings in AON were worth $495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. AMF Tjanstepension AB bought a new stake in AON in the third quarter valued at approximately $20,856,000. Stratos Wealth Advisors LLC increased its position in shares of AON by 3.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,621 shares of the financial services provider’s stock valued at $561,000 after buying an additional 56 shares in the last quarter. Raymond James & Associates raised its stake in AON by 6.3% during the 3rd quarter. Raymond James & Associates now owns 215,322 shares of the financial services provider’s stock worth $74,499,000 after buying an additional 12,850 shares during the period. OLD National Bancorp IN lifted its holdings in AON by 10.2% during the third quarter. OLD National Bancorp IN now owns 2,323 shares of the financial services provider’s stock worth $804,000 after acquiring an additional 215 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of AON by 4.4% in the third quarter. Whittier Trust Co. now owns 5,266 shares of the financial services provider’s stock worth $1,822,000 after acquiring an additional 224 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Buying and Selling at AON

In other AON news, insider Lisa Stevens sold 1,275 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares in the company, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AON. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. TD Cowen increased their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Barclays upped their target price on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Piper Sandler lifted their price target on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada increased their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, AON presently has an average rating of “Hold” and an average price target of $386.21.

AON Price Performance

Shares of AON opened at $390.73 on Wednesday. The company has a market cap of $84.50 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.09 and a beta of 0.93. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. The company’s fifty day simple moving average is $366.14 and its 200 day simple moving average is $360.21. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period in the prior year, the company posted $3.89 earnings per share. On average, research analysts forecast that Aon plc will post 17.24 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s payout ratio is presently 21.33%.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.