TCV Trust & Wealth Management Inc. Takes Position in Aon plc (NYSE:AON)

TCV Trust & Wealth Management Inc. acquired a new stake in Aon plc (NYSE:AON - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,115 shares of the financial services provider's stock, valued at approximately $400,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AON. Diamond Hill Capital Management Inc. acquired a new stake in shares of AON in the 3rd quarter valued at $336,375,000. Veritas Asset Management LLP raised its holdings in shares of AON by 41.6% in 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 purchasing an additional 883,761 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AON by 334.9% in 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 valued at $363,475,000 after purchasing an additional 808,990 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in AON during the 3rd quarter worth $906,040,000. Finally, Accredited Investors Inc. raised its stake in AON by 5,694.5% during the 3rd quarter. Accredited Investors Inc. now owns 242,442 shares of the financial services provider's stock worth $83,883,000 after acquiring an additional 238,258 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Evercore ISI upgraded shares of AON from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Piper Sandler lifted their price target on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. TD Cowen lifted their price target on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Royal Bank of Canada lifted their price target on shares of AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Finally, BMO Capital Markets lifted their price objective on shares of AON from $325.00 to $380.00 and gave the company a "market perform" rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $386.21.

Insider Buying and Selling

In other AON news, COO Mindy F. Simon sold 650 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. This represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of the company's 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 transaction, the insider now owns 8,077 shares in the company, valued at $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. 1.30% of the stock is owned by insiders.

AON Stock Performance

Shares of NYSE:AON traded down $3.07 during midday trading on Friday, hitting $387.22. The stock had a trading volume of 740,415 shares, compared to its average volume of 1,078,050. The company has a market capitalization of $83.74 billion, a PE ratio of 30.59, a P/E/G ratio of 2.09 and a beta of 0.93. The stock has a 50 day moving average price of $365.76 and a two-hundred day moving average price of $359.36. The company has a current ratio of 1.40, a quick ratio of 2.05 and a debt-to-equity ratio of 2.58. Aon plc has a 1 year low of $268.06 and a 1 year high of $395.33.

AON (NYSE:AON - Get Free Report) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, beating 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 in the prior year, the business earned $3.89 EPS. As a group, equities analysts predict that Aon plc will post 17.24 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Monday, February 3rd. AON's payout ratio is 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.