Blair William & Co. IL decreased its position in shares of Aon PLC (NYSE:AON) by 1.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 127,042 shares of the financial services provider’s stock after selling 2,260 shares during the period. Blair William & Co. IL owned 0.05% of AON worth $19,536,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in AON. First Mercantile Trust Co. raised its stake in AON by 18.8% during the third quarter. First Mercantile Trust Co. now owns 1,984 shares of the financial services provider’s stock worth $305,000 after purchasing an additional 314 shares during the period. Freestone Capital Holdings LLC raised its stake in AON by 5.9% during the third quarter. Freestone Capital Holdings LLC now owns 6,172 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 346 shares during the period. Trust Co. of Vermont raised its stake in AON by 11.2% during the third quarter. Trust Co. of Vermont now owns 3,681 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 371 shares during the period. Global X Management Co LLC raised its stake in AON by 11.1% during the second quarter. Global X Management Co LLC now owns 3,835 shares of the financial services provider’s stock worth $526,000 after purchasing an additional 383 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in AON by 0.9% during the second quarter. Nomura Asset Management Co. Ltd. now owns 42,278 shares of the financial services provider’s stock worth $5,800,000 after purchasing an additional 390 shares during the period. 84.42% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Caroline Grace sold 4,000 shares of the stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $155.00, for a total value of $620,000.00. Following the completion of the sale, the chief executive officer now owns 45,796 shares of the company’s stock, valued at $7,098,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 12,000 shares of company stock valued at $1,860,000 in the last three months. Company insiders own 0.42% of the company’s stock.
A number of equities analysts have weighed in on AON shares. Credit Suisse Group started coverage on shares of AON in a research note on Tuesday, August 7th. They set a “neutral” rating and a $154.00 price target on the stock. Raymond James raised shares of AON from an “underperform” rating to an “outperform” rating in a research note on Tuesday, September 25th. Citigroup increased their price target 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. Wells Fargo & Co set a $143.00 price target on shares of AON and gave the stock a “hold” rating in a research note on Friday, October 26th. Finally, Sandler O’Neill raised shares of AON from a “hold” rating to a “buy” rating in a research note on Monday, October 29th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $160.38.
AON stock opened at $163.68 on Friday. Aon PLC has a 52-week low of $130.87 and a 52-week high of $166.41. The firm has a market capitalization of $39.50 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.71 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 (NYSE:AON) last released its quarterly earnings data on Friday, October 26th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.09. AON had a net margin of 7.06% and a return on equity of 43.96%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. Research analysts anticipate that Aon PLC will post 8.13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Wednesday, October 31st. AON’s payout ratio is currently 24.54%.
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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