Sompo Japan Nipponkoa Asset Management CO. LTD. lowered its stake in shares of Aon PLC (NYSE:AON) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,780 shares of the financial services provider’s stock after selling 1,190 shares during the period. AON accounts for approximately 1.6% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s portfolio, making the stock its 21st largest holding. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in AON were worth $5,361,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the business. NEXT Financial Group Inc purchased a new stake in shares of AON in the second quarter worth $25,000. AdvisorNet Financial Inc raised its position in shares of AON by 54.4% in the second quarter. AdvisorNet Financial Inc now owns 210 shares of the financial services provider’s stock worth $41,000 after buying an additional 74 shares in the last quarter. Berman Capital Advisors LLC raised its position in shares of AON by 39.0% in the first quarter. Berman Capital Advisors LLC now owns 246 shares of the financial services provider’s stock worth $42,000 after buying an additional 69 shares in the last quarter. Heritage Wealth Advisors purchased a new stake in shares of AON in the first quarter worth $68,000. Finally, Kavar Capital Partners LLC purchased a new stake in AON during the second quarter valued at about $68,000. Hedge funds and other institutional investors own 85.91% of the company’s stock.
In other news, General Counsel Peter M. Lieb sold 11,645 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $180.69, for a total transaction of $2,104,135.05. Following the transaction, the general counsel now directly owns 4,408 shares of the company’s stock, valued at $796,481.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.92% of the stock is currently owned by company insiders.
A number of research firms have weighed in on AON. ValuEngine downgraded AON from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. UBS Group raised their price target on AON from $181.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Barclays set a $190.00 price target on AON and gave the company a “hold” rating in a research report on Monday, August 12th. MKM Partners upgraded AON to a “buy” rating and raised their price target for the company from $210.00 to $225.00 in a research report on Monday, June 24th. Finally, Atlantic Securities downgraded AON from an “overweight” rating to a “neutral” rating and set a $190.00 price target on the stock. in a research report on Friday, June 14th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $186.64.
Shares of NYSE:AON traded up $2.33 on Friday, reaching $191.51. 833,700 shares of the company traded hands, compared to its average volume of 859,725. The business’s 50-day simple moving average is $193.60 and its 200 day simple moving average is $180.40. Aon PLC has a 52 week low of $135.30 and a 52 week high of $198.61. The stock has a market capitalization of $44.14 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.72 and a beta of 0.86. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 1.72.
AON (NYSE:AON) last announced its quarterly earnings data on Friday, July 26th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.88 by ($0.01). AON had a net margin of 13.14% and a return on equity of 48.75%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period last year, the business posted $1.71 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Sell-side analysts expect that Aon PLC will post 9.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.44 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.92%. AON’s dividend payout ratio (DPR) is currently 21.57%.
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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