Andra AP fonden cut its stake in shares of Aon PLC (NYSE:AON) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,500 shares of the financial services provider’s stock after selling 3,400 shares during the quarter. Andra AP fonden’s holdings in AON were worth $7,151,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. Global X Management Co LLC grew its holdings in shares of AON by 11.1% during the 2nd quarter. Global X Management Co LLC now owns 3,835 shares of the financial services provider’s stock valued at $526,000 after purchasing an additional 383 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of AON by 0.9% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 42,278 shares of the financial services provider’s stock valued at $5,800,000 after purchasing an additional 390 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co grew its holdings in shares of AON by 50.0% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 400 shares during the last quarter. Creative Planning grew its holdings in shares of AON by 9.4% during the 2nd quarter. Creative Planning now owns 5,552 shares of the financial services provider’s stock valued at $762,000 after purchasing an additional 476 shares during the last quarter. Finally, MUFG Americas Holdings Corp grew its holdings in shares of AON by 9.5% during the 2nd quarter. MUFG Americas Holdings Corp now owns 6,324 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 549 shares during the last quarter. 83.44% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on AON. Citigroup boosted their target price on shares of AON from $167.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, October 12th. Credit Suisse Group began coverage on shares of AON in a report on Tuesday, August 7th. They set a “neutral” rating and a $154.00 target price on the stock. Zacks Investment Research lowered shares of AON from a “buy” rating to a “hold” rating in a report on Friday, July 6th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $164.00 target price on shares of AON in a report on Sunday, July 29th. Finally, Raymond James raised shares of AON from an “underperform” rating to an “outperform” rating in a report on Tuesday, September 25th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $157.50.
In other news, CEO Caroline Grace sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $155.00, for a total value of $620,000.00. Following the transaction, the chief executive officer now owns 45,796 shares in the company, valued at approximately $7,098,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Neller sold 750 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $143.58, for a total transaction of $107,685.00. Following the completion of the transaction, the insider now owns 787 shares in the company, valued at approximately $112,997.46. The disclosure for this sale can be found here. Insiders have sold a total of 8,750 shares of company stock worth $1,327,685 over the last three months. Insiders own 0.42% of the company’s stock.
AON opened at $151.10 on Friday. Aon PLC has a fifty-two week low of $130.87 and a fifty-two week high of $158.77. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $36.51 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99.
AON (NYSE:AON) last posted its earnings results on Friday, July 27th. The financial services provider reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.08. AON had a net margin of 7.41% and a return on equity of 42.17%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the firm posted $1.45 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts forecast that Aon PLC will post 8.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, October 31st. AON’s payout ratio is 24.54%.
AON Company Profile
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
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