Pineno Levin & Ford Asset Management Inc. acquired a new position in shares of Aon PLC (NYSE:AON) during the 3rd quarter, Holdings Channel reports. The firm acquired 1,450 shares of the financial services provider’s stock, valued at approximately $223,000.
A number of other hedge funds have also bought and sold shares of the business. Townsend & Associates Inc acquired a new position in shares of AON in the 2nd quarter worth approximately $106,000. Pinebridge Investments L.P. acquired a new position in shares of AON in the 2nd quarter worth approximately $132,000. Synovus Financial Corp grew its position in shares of AON by 110.4% in the 3rd quarter. Synovus Financial Corp now owns 852 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 447 shares in the last quarter. Shine Investment Advisory Services Inc. grew its position in shares of AON by 1,468.2% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,035 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 969 shares in the last quarter. Finally, TRUE Private Wealth Advisors acquired a new position in shares of AON in the 3rd quarter worth approximately $163,000. Institutional investors own 84.13% of the company’s stock.
In other news, CEO Caroline Grace sold 4,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $155.00, for a total value of $620,000.00. Following the sale, the chief executive officer now owns 45,796 shares of the company’s stock, valued at approximately $7,098,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Neller sold 750 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $143.58, for a total value of $107,685.00. Following the completion of the sale, the insider now directly 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 in the last ninety days. 0.42% of the stock is owned by company insiders.
NYSE:AON opened at $156.18 on Monday. Aon PLC has a 12-month low of $130.87 and a 12-month high of $159.72. The company has a market cap of $37.62 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.63 and a beta of 0.85. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.31.
AON (NYSE:AON) last released its quarterly earnings data on Friday, October 26th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.09. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.39 billion. AON had a return on equity of 43.96% and a net margin of 7.06%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 EPS. Equities analysts expect that Aon PLC will post 8.13 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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.02%. The ex-dividend date is Wednesday, October 31st. AON’s payout ratio is currently 24.54%.
A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $164.00 price objective on shares of AON in a research report on Sunday, July 29th. Raymond James upgraded AON from an “underperform” rating to an “outperform” rating in a research report on Tuesday, September 25th. Credit Suisse Group set a $158.00 price objective on AON and gave the company a “hold” rating in a research report on Tuesday, October 9th. Wells Fargo & Co boosted their price objective on AON from $143.00 to $150.00 and gave the company a “market perform” rating in a research report on Monday, October 29th. Finally, Sandler O’Neill upgraded AON from a “hold” rating to a “buy” rating in a research report on Monday, October 29th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $157.29.
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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