Heck Capital Advisors LLC Buys New Stake in Aon plc (NYSE:AON)

Heck Capital Advisors LLC purchased a new position in shares of Aon plc (NYSE:AON) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,892 shares of the financial services provider’s stock, valued at approximately $1,039,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. acquired a new position in AON during the 4th quarter valued at about $29,000. Anchor Investment Management LLC grew its stake in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares during the last quarter. First Personal Financial Services purchased a new position in shares of AON in the 3rd quarter valued at approximately $37,000. RPg Family Wealth Advisory LLC acquired a new stake in AON in the 3rd quarter worth approximately $42,000. Finally, Eastern Bank purchased a new stake in AON during the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Trading Down 0.2 %

Shares of AON stock opened at $371.39 on Friday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market cap of $80.32 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93. The firm has a 50-day simple moving average of $366.65 and a two-hundred day simple moving average of $353.21.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating the consensus estimate 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 period last year, the company earned $3.89 EPS. As a group, equities analysts predict that Aon plc will post 15.43 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently disclosed 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 of this dividend is Monday, February 3rd. AON’s dividend payout ratio is presently 22.78%.

Insider Activity

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on AON. Jefferies Financial Group lifted their price objective on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays boosted their price target on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Bank of America lifted their target price on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Wells Fargo & Company upgraded shares of AON from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $377.00 to $410.00 in a report on Tuesday, January 14th. Finally, Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $370.87.

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.