Kornitzer Capital Management Inc. KS Lowers Holdings in Aon plc (NYSE:AON)

Kornitzer Capital Management Inc. KS lessened its position in shares of Aon plc (NYSE:AON - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,839 shares of the financial services provider's stock after selling 1,025 shares during the period. Kornitzer Capital Management Inc. KS's holdings in AON were worth $16,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Diamond Hill Capital Management Inc. purchased a new stake in AON in the third quarter valued at approximately $336,375,000. Veritas Asset Management LLP raised its position in shares of AON by 41.6% during the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock valued at $1,041,623,000 after buying an additional 883,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of AON by 334.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider's stock worth $363,475,000 after acquiring an additional 808,990 shares during the last quarter. International Assets Investment Management LLC purchased a new position in AON in the third quarter worth $906,040,000. Finally, Accredited Investors Inc. increased its stake in AON by 5,694.5% in the third quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider's stock valued at $83,883,000 after acquiring an additional 238,258 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Buying and Selling at AON

In other news, COO Mindy F. Simon sold 650 shares of the business's 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 in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares of the company's stock, valued at approximately $3,131,291.36. The trade was a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Piper Sandler upped their price objective on AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Barclays upped their target price on AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted their price target on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Evercore ISI raised shares of AON from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, BMO Capital Markets lifted their target price on shares of AON from $325.00 to $380.00 and gave the stock a "market perform" rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, AON currently has an average rating of "Hold" and an average price target of $386.21.

AON Trading Down 0.9 %

Shares of AON traded down $3.56 during mid-day trading on Friday, hitting $389.51. 1,751,244 shares of the company's stock traded hands, compared to its average volume of 1,039,616. The business's 50-day moving average price is $368.55 and its 200-day moving average price is $361.55. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.65. The firm has a market capitalization of $84.13 billion, a P/E ratio of 30.77, a PEG ratio of 2.15 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period last year, the firm posted $3.89 earnings per share. As a group, sell-side analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 annualized dividend and a yield of 0.69%. AON's dividend payout ratio (DPR) is presently 21.33%.

AON Company 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.