LRI Investments LLC Invests $55,000 in Aon plc (NYSE:AON)

LRI Investments LLC acquired a new stake in Aon plc (NYSE:AON) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 164 shares of the financial services provider’s stock, valued at approximately $55,000.

Other institutional investors have also made changes to their positions in the company. Frazier Financial Advisors LLC bought a new position in shares of AON in the 4th quarter valued at approximately $31,000. Rise Advisors LLC bought a new position in shares of AON in the 1st quarter valued at approximately $37,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of AON in the 4th quarter valued at approximately $43,000. First United Bank & Trust bought a new position in shares of AON in the 4th quarter valued at approximately $44,000. Finally, Headlands Technologies LLC raised its stake in shares of AON by 96.7% in the 4th quarter. Headlands Technologies LLC now owns 238 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 117 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

AON Trading Up 8.0 %

AON stock traded up $24.05 during trading on Friday, hitting $323.00. The company had a trading volume of 3,070,450 shares, compared to its average volume of 1,061,628. The company has a fifty day moving average price of $292.59 and a two-hundred day moving average price of $302.65. The company has a market cap of $70.23 billion, a P/E ratio of 25.31, a P/E/G ratio of 2.15 and a beta of 0.91. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $344.68.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.16). The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. AON’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.76 EPS. On average, analysts expect that Aon plc will post 15.37 earnings per share for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a $0.675 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $2.70 annualized dividend and a yield of 0.84%. AON’s payout ratio is 21.16%.

Insider Buying and Selling at AON

In other AON news, Director Lester B. Knight acquired 10,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of $276.61 per share, for a total transaction of $2,766,100.00. Following the transaction, the director now owns 139,000 shares in the company, valued at approximately $38,448,790. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.15% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $311.00 target price on shares of AON in a report on Tuesday, May 28th. Piper Sandler lowered their target price on AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Wells Fargo & Company lowered their target price on AON from $289.00 to $287.00 and set an “underweight” rating on the stock in a report on Tuesday, July 2nd. Citigroup initiated coverage on AON in a report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 target price on the stock. Finally, Bank of America lowered AON from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $345.00 to $306.00 in a report on Wednesday, May 22nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, AON currently has a consensus rating of “Hold” and an average price target of $321.36.

AON 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.