Davis R M Inc. boosted its position in Aon PLC (NYSE:AON) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 163,307 shares of the financial services provider’s stock after acquiring an additional 2,501 shares during the period. Davis R M Inc. owned 0.06% of Aon PLC worth $23,859,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in Aon PLC by 16.7% in the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after buying an additional 106 shares during the last quarter. FNY Partners Fund LP bought a new stake in Aon PLC during the first quarter valued at approximately $106,000. Fiduciary Trust Co. bought a new stake in Aon PLC during the second quarter valued at approximately $108,000. Magellan Asset Management Ltd grew its position in Aon PLC by 110.2% during the second quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock valued at $113,000 after buying an additional 444 shares during the period. Finally, Pinnacle Financial Partners Inc. bought a new stake in Aon PLC during the second quarter valued at approximately $126,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.
AON has been the topic of several research analyst reports. Royal Bank of Canada reissued a “hold” rating and issued a $143.00 target price on shares of Aon PLC in a report on Wednesday, September 6th. Jefferies Group LLC upped their price target on shares of Aon PLC from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Wells Fargo & Company upped their price target on shares of Aon PLC from $138.00 to $143.00 and gave the company a “market perform” rating in a research note on Monday, October 30th. Deutsche Bank AG increased their target price on shares of Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Aon PLC from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Aon PLC currently has an average rating of “Hold” and a consensus price target of $144.42.
In related news, CEO Michael J. O’connor sold 10,000 shares of Aon PLC stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total value of $1,450,000.00. Following the sale, the chief executive officer now owns 123,805 shares of the company’s stock, valued at approximately $17,951,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.
Aon PLC (NYSE:AON) traded down $0.21 on Friday, reaching $143.25. 996,000 shares of the company’s stock were exchanged, compared to its average volume of 1,080,160. Aon PLC has a 12 month low of $109.18 and a 12 month high of $152.78. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.08. The stock has a market cap of $35,850.32, a price-to-earnings ratio of 21.25, a PEG ratio of 1.86 and a beta of 1.06.
Aon PLC (NYSE:AON) last issued its quarterly earnings data on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Aon PLC had a net margin of 16.78% and a return on equity of 32.71%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $1.29 EPS. equities research analysts anticipate that Aon PLC will post 6.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a $0.36 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.44 dividend on an annualized basis and a yield of 1.01%. Aon PLC’s dividend payout ratio is currently 21.79%.
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Aon PLC Profile
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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