JNBA Financial Advisors bought a new position in Aon PLC (NYSE:AON) in the third quarter, HoldingsChannel.com reports. The firm bought 16,492 shares of the financial services provider’s stock, valued at approximately $2,536,000.
A number of other large investors have also recently added to or reduced their stakes in AON. Townsend & Associates Inc purchased a new stake in AON in the second quarter worth $106,000. Pinebridge Investments L.P. purchased a new stake in AON in the second quarter worth $132,000. Shine Investment Advisory Services Inc. increased its position in AON by 1,468.2% in the second quarter. Shine Investment Advisory Services Inc. now owns 1,035 shares of the financial services provider’s stock worth $142,000 after buying an additional 969 shares during the last quarter. TRUE Private Wealth Advisors purchased a new stake in AON in the third quarter worth $163,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co increased its position in AON by 50.0% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock worth $165,000 after buying an additional 400 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.
A number of analysts have issued reports on the company. Credit Suisse Group assumed coverage on AON in a research report on Tuesday, August 7th. They issued a “neutral” rating and a $154.00 target price for the company. Wells Fargo & Co raised their target price on AON from $143.00 to $150.00 and gave the stock a “market perform” rating in a research report on Monday. Zacks Investment Research downgraded AON from a “buy” rating to a “hold” rating in a research report on Friday, July 6th. Sandler O’Neill raised AON from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Citigroup raised their target price on AON from $167.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, October 12th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $157.29.
In related news, Director Jeffrey C. Campbell purchased 5,550 shares of AON stock in a transaction dated Monday, August 6th. The stock was bought at an average cost of $143.84 per share, for a total transaction of $798,312.00. Following the completion of the transaction, the director now owns 7,084 shares in the company, valued at $1,018,962.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Neller sold 750 shares of AON stock in a transaction on Monday, August 20th. The shares were sold at an average price of $143.58, for a total value of $107,685.00. Following the completion of the transaction, the insider now owns 787 shares of the company’s stock, valued at $112,997.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,750 shares of company stock valued at $1,327,685. 0.42% of the stock is owned by company insiders.
Shares of NYSE AON opened at $155.70 on Friday. The firm has a market capitalization of $38.22 billion, a PE ratio of 23.88, a P/E/G ratio of 1.65 and a beta of 0.99. Aon PLC has a fifty-two week low of $130.87 and a fifty-two week high of $159.72. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.41 and a quick ratio of 1.63.
AON (NYSE:AON) last announced its quarterly earnings results on Friday, October 26th. The financial services provider reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.09. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.39 billion. AON had a return on equity of 43.96% and a net margin of 7.06%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 earnings per share. As a group, equities research analysts predict that Aon PLC will post 8.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Wednesday, October 31st. AON’s dividend payout ratio (DPR) is presently 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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