NS Partners Ltd bought a new position in Aon PLC (NYSE:AON) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 69,135 shares of the financial services provider’s stock, valued at approximately $10,632,000.
Other hedge funds have also recently added to or reduced their stakes in the company. CHICAGO TRUST Co NA acquired a new stake in shares of AON in the 3rd quarter worth $208,000. Renaissance Technologies LLC lifted its stake in shares of AON by 15.3% in the second quarter. Renaissance Technologies LLC now owns 495,501 shares of the financial services provider’s stock valued at $67,968,000 after purchasing an additional 65,700 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of AON by 18.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,823 shares of the financial services provider’s stock valued at $1,210,000 after purchasing an additional 1,350 shares during the period. Advanced Asset Management Advisors Inc acquired a new stake in shares of AON in the third quarter valued at about $601,000. Finally, OppenheimerFunds Inc. lifted its stake in shares of AON by 62.6% in the second quarter. OppenheimerFunds Inc. now owns 152,217 shares of the financial services provider’s stock valued at $20,879,000 after purchasing an additional 58,594 shares during the period. Institutional investors own 85.01% of the company’s stock.
AON traded down $2.97 during midday trading on Thursday, reaching $159.75. 8,430 shares of the company’s stock were exchanged, compared to its average volume of 964,780. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.31. The stock has a market cap of $39.19 billion, a P/E ratio of 24.96, a PEG ratio of 1.70 and a beta of 0.86. Aon PLC has a 1-year low of $130.87 and a 1-year high of $166.55.
AON (NYSE:AON) last announced its earnings results on Friday, October 26th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 7.06% and a return on equity of 43.96%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 earnings per share. As a group, analysts forecast that Aon PLC will post 8.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Wednesday, October 31st. AON’s payout ratio is currently 24.54%.
AON has been the subject of several recent analyst reports. Credit Suisse Group set a $162.00 price objective on shares of AON and gave the company a “hold” rating in a research note on Tuesday, October 30th. Wells Fargo & Co set a $143.00 price objective on shares of AON and gave the company a “hold” rating in a research note on Friday, October 26th. Citigroup raised their price objective on shares of AON from $167.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, October 12th. Sandler O’Neill upgraded shares of AON from a “hold” rating to a “buy” rating in a research note on Monday, October 29th. Finally, Raymond James upgraded shares of AON from an “underperform” rating to an “outperform” rating in a research note on Tuesday, September 25th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $160.38.
In other AON news, CEO Caroline Grace sold 4,000 shares of AON stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $155.00, for a total transaction of $620,000.00. Following the completion of the transaction, the chief executive officer now owns 45,796 shares in the company, valued at $7,098,380. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.
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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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