Kirr Marbach & Co. LLC IN Sells 11,754 Shares of Aon plc (NYSE:AON)

Kirr Marbach & Co. LLC IN lowered its position in shares of Aon plc (NYSE:AON) by 27.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,141 shares of the financial services provider’s stock after selling 11,754 shares during the quarter. AON makes up about 2.4% of Kirr Marbach & Co. LLC IN’s investment portfolio, making the stock its 19th largest position. Kirr Marbach & Co. LLC IN’s holdings in AON were worth $9,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AON. BKM Wealth Management LLC bought a new stake in AON in the fourth quarter valued at about $25,000. Milestone Investment Advisors LLC acquired a new position in shares of AON during the third quarter worth about $30,000. Quarry LP acquired a new position in shares of AON during the first quarter worth about $31,000. Headlands Technologies LLC acquired a new position in shares of AON during the third quarter worth about $39,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of AON during the fourth quarter worth about $40,000. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AON. The Goldman Sachs Group reduced their price objective on AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, January 9th. BMO Capital Markets reduced their price target on AON from $350.00 to $325.00 and set a “market perform” rating for the company in a research report on Friday, December 22nd. Morgan Stanley increased their price target on AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research report on Monday. Royal Bank of Canada reduced their price target on AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research report on Monday, February 5th. Finally, Piper Sandler increased their price target on AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $335.36.

Insider Transactions at AON

In related news, Director Lester B. Knight acquired 50,000 shares of the stock in a transaction on Wednesday, February 7th. The shares were purchased at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the purchase, the director now directly owns 134,000 shares in the company, valued at $40,463,980. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Lester B. Knight acquired 50,000 shares of the stock in a transaction on Wednesday, February 7th. The shares were purchased at an average price of $301.97 per share, for a total transaction of $15,098,500.00. Following the purchase, the director now directly owns 134,000 shares in the company, valued at $40,463,980. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Christa Davies sold 40,164 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $313.29, for a total value of $12,582,979.56. Following the transaction, the chief financial officer now owns 159,570 shares in the company, valued at approximately $49,991,685.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,532 shares of company stock worth $23,335,805. Company insiders own 1.15% of the company’s stock.

AON Trading Up 0.0 %

Shares of AON traded up $0.07 during mid-day trading on Tuesday, reaching $305.25. The company’s stock had a trading volume of 292,229 shares, compared to its average volume of 990,687. The stock has a market cap of $60.53 billion, a P/E ratio of 24.45, a PEG ratio of 1.87 and a beta of 0.86. Aon plc has a 1-year low of $284.85 and a 1-year high of $347.37. The business has a 50-day simple moving average of $317.66 and a two-hundred day simple moving average of $315.18.

AON (NYSE:AON) last announced its earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.36 billion. AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. AON’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $3.89 EPS. Research analysts anticipate that Aon plc will post 15.77 EPS for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.675 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.88%. This is a positive change from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio (DPR) is 19.71%.

AON Company 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.