Charles Schwab Investment Management Inc. Has $307.99 Million Stock Position in Aon plc (NYSE:AON)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Aon plc (NYSE:AON) by 0.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,058,309 shares of the financial services provider’s stock after acquiring an additional 5,727 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in AON were worth $307,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BKM Wealth Management LLC acquired a new stake in shares of AON during the 4th quarter worth approximately $25,000. Milestone Investment Advisors LLC acquired a new stake in shares of AON in the 3rd quarter valued at $30,000. Headlands Technologies LLC acquired a new position in shares of AON during the 3rd quarter worth $39,000. Bruce G. Allen Investments LLC bought a new stake in shares of AON during the 4th quarter worth $40,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in AON in the fourth quarter valued at about $43,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of NYSE AON traded down $2.37 during midday trading on Wednesday, reaching $285.98. The stock had a trading volume of 576,779 shares, compared to its average volume of 1,128,380. Aon plc has a twelve month low of $268.06 and a twelve month high of $347.37. The company’s 50 day moving average price is $312.74 and its 200 day moving average price is $311.97. The firm has a market cap of $62.18 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90.

AON (NYSE:AON) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $4.14 billion. AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $5.17 EPS. Equities analysts forecast that Aon plc will post 15.59 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from AON’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, April 30th. AON’s dividend payout ratio is presently 21.16%.

Insider Transactions at AON

In other news, insider Michael Neller sold 750 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $312.00, for a total transaction of $234,000.00. Following the transaction, the insider now owns 3,869 shares in the company, valued at $1,207,128. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other AON news, CFO Christa Davies sold 20,618 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $311.40, for a total transaction of $6,420,445.20. Following the completion of the sale, the chief financial officer now owns 159,570 shares in the company, valued at approximately $49,690,098. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Neller sold 750 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total transaction of $234,000.00. Following the transaction, the insider now owns 3,869 shares in the company, valued at approximately $1,207,128. The disclosure for this sale can be found here. Insiders sold a total of 74,532 shares of company stock valued at $23,335,805 in the last quarter. 1.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on AON. JPMorgan Chase & Co. increased their target price on shares of AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. TD Cowen started coverage on AON in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price target for the company. Keefe, Bruyette & Woods boosted their price objective on AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Royal Bank of Canada dropped their target price on AON from $325.00 to $315.00 and set a “sector perform” rating for the company in a research report on Monday, April 29th. Finally, Morgan Stanley boosted their price target on AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Two 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $329.69.

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.