Boston Common Asset Management LLC decreased its holdings in shares of Aon PLC (NYSE:AON) by 11.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,396 shares of the financial services provider’s stock after selling 3,157 shares during the quarter. Boston Common Asset Management LLC’s holdings in AON were worth $3,905,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted its position in AON by 0.4% during the first quarter. Principal Financial Group Inc. now owns 6,079,415 shares of the financial services provider’s stock worth $853,124,000 after purchasing an additional 23,060 shares during the period. Allianz Asset Management GmbH boosted its position in AON by 20.8% during the first quarter. Allianz Asset Management GmbH now owns 70,870 shares of the financial services provider’s stock worth $9,945,000 after purchasing an additional 12,183 shares during the period. Clinton Group Inc. bought a new position in AON during the second quarter worth about $749,000. JLB & Associates Inc. boosted its position in AON by 5.6% during the second quarter. JLB & Associates Inc. now owns 80,498 shares of the financial services provider’s stock worth $11,041,000 after purchasing an additional 4,298 shares during the period. Finally, Swedbank boosted its position in AON by 2.0% during the second quarter. Swedbank now owns 745,599 shares of the financial services provider’s stock worth $102,274,000 after purchasing an additional 14,743 shares during the period. Institutional investors and hedge funds own 84.13% of the company’s stock.
Shares of NYSE:AON opened at $156.18 on Monday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $37.62 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 1.63 and a beta of 0.85. Aon PLC has a twelve month low of $130.87 and a twelve month high of $159.72.
AON (NYSE:AON) last released its quarterly earnings data on Friday, October 26th. The financial services provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.09. AON had a net margin of 7.06% and a return on equity of 43.96%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the business earned $1.29 earnings per share. AON’s revenue was up .4% compared to the same quarter last year. Analysts predict that Aon PLC will post 8.13 EPS for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.02%. AON’s dividend payout ratio (DPR) is currently 24.54%.
In other news, CEO Caroline Grace sold 4,000 shares of the firm’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 completion of the transaction, the chief executive officer now directly owns 45,796 shares in the company, valued at $7,098,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Neller sold 750 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were 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 of the company’s stock, valued at $112,997.46. The disclosure for this sale can be found here. Insiders sold 8,750 shares of company stock valued at $1,327,685 over the last 90 days. 0.42% of the stock is owned by company insiders.
A number of brokerages have weighed in on AON. Credit Suisse Group set a $162.00 target price on shares of AON and gave the stock a “hold” rating in a research report on Tuesday, October 30th. Wells Fargo & Co increased their target price on shares of AON from $143.00 to $150.00 and gave the stock a “market perform” rating in a research report on Monday, October 29th. Sandler O’Neill upgraded shares of AON from a “hold” rating to a “buy” rating in a research report on Monday, October 29th. Citigroup increased their target price on shares of AON from $167.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, October 12th. Finally, Raymond James upgraded shares of AON from an “underperform” rating to an “outperform” rating in a research report on Tuesday, September 25th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $157.29.
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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