Yousif Capital Management LLC Sells 1,698 Shares of Aon plc (NYSE:AON)

Yousif Capital Management LLC lowered its stake in Aon plc (NYSE:AON) by 5.3% in the 4th quarter, Holdings Channel reports. The firm owned 30,518 shares of the financial services provider’s stock after selling 1,698 shares during the quarter. Yousif Capital Management LLC’s holdings in AON were worth $8,881,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AON. BKM Wealth Management LLC bought a new position in shares of AON in the fourth quarter valued at approximately $25,000. Milestone Investment Advisors LLC bought a new position in shares of AON in the third quarter worth $30,000. Headlands Technologies LLC purchased a new stake in shares of AON in the third quarter worth $39,000. Bruce G. Allen Investments LLC bought a new stake in AON during the fourth quarter valued at $40,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in AON during the fourth quarter worth about $43,000. 86.14% of the stock is currently owned by institutional investors.

AON Trading Down 1.0 %

Shares of NYSE:AON opened at $308.83 on Thursday. The stock’s 50-day moving average price is $317.78 and its 200-day moving average price is $314.49. Aon plc has a 12-month low of $284.85 and a 12-month high of $347.37. The stock has a market capitalization of $61.31 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 1.89 and a beta of 0.86.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.36 billion. AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. AON’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $3.89 EPS. As a group, research analysts predict that Aon plc will post 15.82 EPS for the current year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.675 dividend. This is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Tuesday, April 30th. AON’s dividend payout ratio (DPR) is currently 19.71%.

Insider Transactions at AON

In related news, insider Michael Neller sold 750 shares of AON stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total value of $234,000.00. Following the sale, the insider now owns 3,869 shares in the company, valued at $1,207,128. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Lester B. Knight bought 50,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were purchased at an average price of $301.97 per share, with a total value of $15,098,500.00. Following the purchase, the director now owns 134,000 shares of the company’s stock, valued at approximately $40,463,980. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Neller sold 750 shares of AON stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total value of $234,000.00. Following the sale, the insider now directly owns 3,869 shares in the company, valued at $1,207,128. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their target price 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. Piper Sandler lifted their target price on shares of AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. TD Cowen initiated coverage on shares of AON in a report on Wednesday, January 10th. They set an “outperform” rating and a $390.00 price objective for the company. Finally, UBS Group dropped their price objective on shares of AON from $333.00 to $308.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $334.69.

AON Company 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.