201,811 Aon plc $AON Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC raised its position in Aon plc (NYSE:AON) by 913.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 223,911 shares of the financial services provider’s stock after purchasing an additional 201,811 shares during the period. AON accounts for 0.7% of Yousif Capital Management LLC’s investment portfolio, making the stock its 19th biggest position. Yousif Capital Management LLC owned about 0.11% of AON worth $61,972,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AON. SRH Advisors LLC raised its holdings in shares of AON by 14,331.2% in the 3rd quarter. SRH Advisors LLC now owns 2,309 shares of the financial services provider’s stock valued at $639,000 after acquiring an additional 2,293 shares in the last quarter. Brookstone Capital Management grew its holdings in shares of AON by 4,984.4% during the third quarter. Brookstone Capital Management now owns 97,112 shares of the financial services provider’s stock worth $26,878,000 after purchasing an additional 95,202 shares in the last quarter. NBT Bank N.A. purchased a new position in shares of AON during the third quarter worth about $10,117,000. SBI Securities Co. Ltd. increased its position in shares of AON by 173,947.6% in the third quarter. SBI Securities Co. Ltd. now owns 36,550 shares of the financial services provider’s stock worth $10,116,000 after purchasing an additional 36,529 shares during the last quarter. Finally, Smith Chas P & Associates PA Cpas increased its position in shares of AON by 434.8% in the third quarter. Smith Chas P & Associates PA Cpas now owns 5,161 shares of the financial services provider’s stock worth $1,428,000 after purchasing an additional 4,196 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Price Performance

Shares of AON stock traded down $3.33 during trading hours on Friday, hitting $303.47. 1,108,593 shares of the company’s stock were exchanged, compared to its average volume of 1,711,159. The company has a market capitalization of $64.37 billion, a PE ratio of 16.73, a PEG ratio of 1.61 and a beta of 0.70. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34. Aon plc has a 12-month low of $266.33 and a 12-month high of $382.34. The business’s 50 day simple moving average is $305.15 and its 200-day simple moving average is $325.24.

AON (NYSE:AON) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.01. The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. AON had a net margin of 22.27% and a return on equity of 42.13%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.49 EPS. On average, equities research analysts anticipate that Aon plc will post 18.73 earnings per share for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 2nd will be issued a $0.82 dividend. The ex-dividend date is Monday, November 2nd. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. AON’s payout ratio is currently 18.08%.

Insider Transactions at AON

In related news, General Counsel Darren Zeidel sold 1,900 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $377.76, for a total transaction of $717,744.00. Following the transaction, the general counsel directly owned 11,504 shares in the company, valued at $4,345,751.04. This trade represents a 14.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lester B. Knight purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was bought at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the completion of the purchase, the director directly owned 163,000 shares in the company, valued at approximately $53,379,240. This trade represents a 13.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the topic of a number of recent analyst reports. Wolfe Research downgraded shares of AON from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. Jefferies Financial Group cut their price target on shares of AON from $387.00 to $383.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Citigroup started coverage on shares of AON in a report on Monday, September 21st. They issued a “buy” rating and a $435.00 price target on the stock. Cantor Fitzgerald dropped their price objective on shares of AON from $433.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, October 7th. Finally, Barclays cut their target price on shares of AON from $382.00 to $317.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 7th. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, AON has an average rating of “Moderate Buy” and an average price target of $367.59.

AON Profile

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon’s human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.