Northwestern Mutual Wealth Management Co. Boosts Position in Aon PLC (AON)

Northwestern Mutual Wealth Management Co. lifted its position in shares of Aon PLC (NYSE:AON) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,640 shares of the financial services provider’s stock after acquiring an additional 817 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in AON were worth $1,482,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AON. Massachusetts Financial Services Co. MA grew its stake in AON by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 21,442,730 shares of the financial services provider’s stock worth $3,297,462,000 after buying an additional 191,770 shares during the last quarter. Principal Financial Group Inc. grew its stake in AON by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 6,079,415 shares of the financial services provider’s stock worth $853,124,000 after buying an additional 23,060 shares during the last quarter. Mawer Investment Management Ltd. grew its stake in AON by 2.9% during the 2nd quarter. Mawer Investment Management Ltd. now owns 5,522,249 shares of the financial services provider’s stock worth $757,487,000 after buying an additional 154,272 shares during the last quarter. Boston Partners grew its stake in AON by 1.8% during the 2nd quarter. Boston Partners now owns 2,598,538 shares of the financial services provider’s stock worth $356,441,000 after buying an additional 45,026 shares during the last quarter. Finally, Cantillon Capital Management LLC grew its stake in AON by 53.2% during the 2nd quarter. Cantillon Capital Management LLC now owns 1,397,690 shares of the financial services provider’s stock worth $191,721,000 after buying an additional 485,561 shares during the last quarter. 84.13% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Michael Neller sold 750 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $143.58, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Caroline Grace sold 4,000 shares of the stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $160.00, for a total value of $640,000.00. Following the completion of the transaction, the chief executive officer now directly owns 41,796 shares of the company’s stock, valued at approximately $6,687,360. The disclosure for this sale can be found here. In the last three months, insiders sold 12,750 shares of company stock valued at $1,967,685. Company insiders own 0.42% of the company’s stock.

A number of brokerages recently commented on AON. Keefe, Bruyette & Woods restated a “buy” rating and set a $164.00 price objective on shares of AON in a research note on Sunday, July 29th. Raymond James upgraded AON from an “underperform” rating to an “outperform” rating in a research note on Tuesday, September 25th. Credit Suisse Group set a $158.00 price objective on AON and gave the stock a “hold” rating in a research note on Tuesday, October 9th. Wells Fargo & Co upped their price objective on AON from $143.00 to $150.00 and gave the stock a “market perform” rating in a research note on Monday, October 29th. Finally, Sandler O’Neill upgraded AON from a “hold” rating to a “buy” rating in a research note on Monday, October 29th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. AON presently has a consensus rating of “Hold” and a consensus price target of $157.29.

Shares of AON opened at $164.54 on Friday. The firm has a market cap of $39.27 billion, a P/E ratio of 25.24, a P/E/G ratio of 1.70 and a beta of 0.85. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.31. Aon PLC has a 12 month low of $130.87 and a 12 month high of $165.43.

AON (NYSE:AON) last released its quarterly earnings results on Friday, October 26th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.09. AON had a return on equity of 43.96% and a net margin of 7.06%. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the business posted $1.29 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts forecast that Aon PLC will post 8.13 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. AON’s payout ratio is 24.54%.

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About AON

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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Institutional Ownership by Quarter for AON (NYSE:AON)

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