We Are One Seven LLC acquired a new stake in Aon plc Class A (NYSE:AON) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,504 shares of the financial services provider’s stock, valued at approximately $1,140,000. Aon plc Class A comprises about 0.5% of We Are One Seven LLC’s holdings, making the stock its 28th largest position.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its holdings in Aon plc Class A by 17.3% during the 4th quarter. Sterling Capital Management LLC now owns 9,776 shares of the financial services provider’s stock worth $1,310,000 after purchasing an additional 1,439 shares during the last quarter. Lake Street Advisors Group LLC acquired a new stake in Aon plc Class A during the 4th quarter worth approximately $343,000. Captrust Financial Advisors acquired a new stake in Aon plc Class A during the 4th quarter worth approximately $240,000. Kings Point Capital Management lifted its holdings in Aon plc Class A by 4.6% during the 4th quarter. Kings Point Capital Management now owns 35,535 shares of the financial services provider’s stock worth $4,762,000 after purchasing an additional 1,577 shares during the last quarter. Finally, Pinebridge Investments L.P. lifted its holdings in Aon plc Class A by 6,643.5% during the 4th quarter. Pinebridge Investments L.P. now owns 9,913 shares of the financial services provider’s stock worth $1,328,000 after purchasing an additional 9,766 shares during the last quarter. 87.28% of the stock is owned by institutional investors.
Several analysts recently weighed in on AON shares. Zacks Investment Research raised Aon plc Class A from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Wells Fargo set a $143.00 price target on Aon plc Class A and gave the stock a “hold” rating in a report on Wednesday, March 7th. Barclays reissued a “hold” rating and set a $135.00 price target on shares of Aon plc Class A in a report on Tuesday, January 9th. Goldman Sachs raised Aon plc Class A from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $144.22 to $149.00 in a report on Thursday, March 15th. Finally, William Blair cut Aon plc Class A from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $147.00.
In other news, insider Anthony R. Goland sold 2,124 shares of Aon plc Class A stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $141.16, for a total value of $299,823.84. Following the transaction, the insider now owns 261 shares in the company, valued at approximately $36,842.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Peter M. Lieb sold 4,200 shares of Aon plc Class A stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $141.39, for a total value of $593,838.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,477 shares of company stock worth $17,453,753. Corporate insiders own 0.90% of the company’s stock.
AON stock opened at $145.28 on Wednesday. Aon plc Class A has a 52 week low of $116.05 and a 52 week high of $152.78. The company has a quick ratio of 1.67, a current ratio of 1.66 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $35,696.17, a price-to-earnings ratio of 31.11, a PEG ratio of 1.54 and a beta of 1.03.
Aon plc Class A (NYSE:AON) last issued its quarterly earnings results on Friday, February 2nd. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.01. Aon plc Class A had a return on equity of 32.41% and a net margin of 12.26%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the company posted $2.56 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. sell-side analysts expect that Aon plc Class A will post 7.98 earnings per share for the current year.
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About Aon plc Class A
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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