South Dakota Investment Council trimmed its position in shares of Aon PLC (NYSE:AON) by 15.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,641 shares of the financial services provider’s stock after selling 3,159 shares during the period. South Dakota Investment Council’s holdings in AON were worth $3,404,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of AON. NEXT Financial Group Inc bought a new stake in AON during the 2nd quarter valued at approximately $25,000. Massey Quick Simon & CO. LLC acquired a new position in shares of AON during the second quarter worth approximately $31,000. Capital Investment Advisory Services LLC acquired a new position in shares of AON during the second quarter worth approximately $37,000. AdvisorNet Financial Inc lifted its holdings in shares of AON by 54.4% during 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 during the last quarter. Finally, Berman Capital Advisors LLC boosted 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 valued at $42,000 after acquiring an additional 69 shares during the period. 85.83% of the stock is currently owned by institutional investors.
AON traded up $1.46 during trading on Wednesday, reaching $188.75. 20,152 shares of the company’s stock were exchanged, compared to its average volume of 664,433. The firm has a market capitalization of $45.62 billion, a PE ratio of 23.24, a P/E/G ratio of 1.78 and a beta of 0.86. The company’s fifty day moving average price is $191.89 and its 200-day moving average price is $183.17. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.83 and a current ratio of 1.83. Aon PLC has a fifty-two week low of $135.30 and a fifty-two week high of $198.61.
AON (NYSE:AON) last released its earnings results on Friday, July 26th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.01). AON had a return on equity of 48.75% and a net margin of 13.14%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the previous year, the company posted $1.71 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Research analysts forecast that Aon PLC will post 9.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.93%. The ex-dividend date was Wednesday, July 31st. AON’s payout ratio is presently 21.57%.
In related news, insider Michael Neller sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $193.29, for a total value of $144,967.50. Following the completion of the transaction, the insider now owns 2,192 shares in the company, valued at approximately $423,691.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO John G. Bruno sold 7,600 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $192.30, for a total transaction of $1,461,480.00. Following the completion of the transaction, the chief operating officer now owns 46,252 shares of the company’s stock, valued at approximately $8,894,259.60. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.
AON has been the topic of several research analyst reports. Wells Fargo & Co restated a “hold” rating and issued a $195.00 price objective on shares of AON in a research note on Friday, July 26th. MKM Partners raised shares of AON to a “buy” rating and increased their price target for the company from $210.00 to $225.00 in a report on Monday, June 24th. Atlantic Securities downgraded shares of AON from an “overweight” rating to a “neutral” rating and set a $190.00 price objective on the stock. in a report on Friday, June 14th. Barclays set a $190.00 price objective on shares of AON and gave the stock a “hold” rating in a report on Monday, August 12th. Finally, Morgan Stanley upped their price objective on shares of AON from $197.00 to $200.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $186.64.
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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