OLD National Bancorp IN Purchases 153 Shares of Aon plc (NYSE:AON)

OLD National Bancorp IN lifted its position in Aon plc (NYSE:AON) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,476 shares of the financial services provider’s stock after purchasing an additional 153 shares during the quarter. OLD National Bancorp IN’s holdings in AON were worth $889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diamond Hill Capital Management Inc. bought a new stake in shares of AON in the 3rd quarter valued at approximately $336,375,000. Vontobel Holding Ltd. lifted its holdings in AON by 150.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after buying an additional 57,847 shares in the last quarter. State Street Corp boosted its position in AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after buying an additional 32,417 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of AON by 13.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 165,741 shares of the financial services provider’s stock worth $57,345,000 after acquiring an additional 20,084 shares during the last quarter. Finally, Retireful LLC acquired a new position in shares of AON during the third quarter valued at $759,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on AON shares. BMO Capital Markets boosted their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Jefferies Financial Group increased their price objective on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. Wells Fargo & Company upgraded AON from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $377.00 to $410.00 in a research report on Tuesday, January 14th. Finally, TD Cowen upped their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $370.87.

AON Stock Down 0.2 %

AON stock opened at $371.39 on Friday. Aon plc has a twelve month low of $268.06 and a twelve month high of $395.33. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The company has a 50 day moving average of $366.65 and a 200-day moving average of $353.21. The stock has a market capitalization of $80.32 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 107.43% and a net margin of 16.32%. During the same quarter in the previous year, the firm posted $3.89 earnings per share. On average, equities research analysts anticipate that Aon plc will post 15.43 EPS for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Monday, February 3rd. AON’s dividend payout ratio (DPR) is currently 22.78%.

Insider Activity

In other AON news, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the sale, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

AON Profile

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.