Penserra Capital Management LLC bought a new position in shares of Aon PLC (NYSE:AON) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,917 shares of the financial services provider’s stock, valued at approximately $1,832,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Chicago Partners Investment Group LLC boosted its stake in shares of AON by 100.0% during the third quarter. Chicago Partners Investment Group LLC now owns 2,868 shares of the financial services provider’s stock worth $445,000 after buying an additional 1,434 shares during the period. Icon Advisers Inc. Co. acquired a new stake in shares of AON during the third quarter worth about $261,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of AON by 6.8% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 359,871 shares of the financial services provider’s stock worth $55,341,000 after buying an additional 22,840 shares during the period. Pineno Levin & Ford Asset Management Inc. acquired a new stake in shares of AON during the third quarter worth about $223,000. Finally, Wells Fargo & Company MN boosted its stake in shares of AON by 7.1% during the third quarter. Wells Fargo & Company MN now owns 1,326,427 shares of the financial services provider’s stock worth $203,978,000 after buying an additional 88,258 shares during the period. Institutional investors and hedge funds own 84.13% of the company’s stock.
Shares of NYSE:AON opened at $164.54 on Friday. 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 capitalization of $39.27 billion, a P/E ratio of 25.24, a PEG ratio of 1.70 and a beta of 0.85. Aon PLC has a 52 week low of $130.87 and a 52 week high of $165.43.
AON (NYSE:AON) last announced its quarterly earnings data on Friday, October 26th. The financial services provider reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.09. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.39 billion. AON had a net margin of 7.06% and a return on equity of 43.96%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 earnings per share. On average, sell-side analysts anticipate that Aon PLC will post 8.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors 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 yield of 0.97%. AON’s payout ratio is currently 24.54%.
AON has been the subject of several recent research reports. Credit Suisse Group set a $158.00 target price on shares of AON and gave the stock a “hold” rating in a research note on Tuesday, October 9th. 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 note on Friday, October 12th. Raymond James upgraded shares of AON from an “underperform” rating to an “outperform” rating in a research note on Tuesday, September 25th. 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 note on Monday, October 29th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $164.00 target price on shares of AON in a research note on Sunday, July 29th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $157.29.
In related news, CEO Caroline Grace sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $160.00, for a total value of $640,000.00. Following the completion of the sale, the chief executive officer now owns 41,796 shares in the company, valued at $6,687,360. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Neller sold 750 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 787 shares of the company’s stock, valued at approximately $112,997.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,750 shares of company stock valued at $1,967,685. 0.42% of the stock is owned by insiders.
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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