Daiwa Securities Group Inc. Cuts Position in Aon PLC (NYSE:AON)

Daiwa Securities Group Inc. cut its stake in Aon PLC (NYSE:AON) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,120 shares of the financial services provider’s stock after selling 1,606 shares during the quarter. Daiwa Securities Group Inc.’s holdings in AON were worth $6,798,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of AON by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,406,729 shares of the financial services provider’s stock valued at $3,552,130,000 after buying an additional 275,773 shares during the period. Longview Partners Guernsey LTD lifted its holdings in shares of AON by 8.9% in the 2nd quarter. Longview Partners Guernsey LTD now owns 6,502,583 shares of the financial services provider’s stock valued at $1,254,868,000 after buying an additional 531,216 shares during the period. Northern Trust Corp lifted its holdings in shares of AON by 0.8% in the 2nd quarter. Northern Trust Corp now owns 2,896,504 shares of the financial services provider’s stock valued at $558,968,000 after buying an additional 23,391 shares during the period. Bank of America Corp DE lifted its holdings in shares of AON by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 2,333,373 shares of the financial services provider’s stock valued at $450,294,000 after buying an additional 19,914 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of AON by 7.1% in the 3rd quarter. California Public Employees Retirement System now owns 2,002,383 shares of the financial services provider’s stock valued at $387,601,000 after buying an additional 133,427 shares during the period. Institutional investors and hedge funds own 86.37% of the company’s stock.

Several brokerages recently weighed in on AON. Barclays set a $190.00 price target on AON and gave the company a “hold” rating in a research note on Monday, August 12th. ValuEngine lowered AON from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Morgan Stanley lifted their price target on AON from $197.00 to $200.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Wells Fargo & Co restated a “hold” rating and issued a $195.00 price target on shares of AON in a research note on Friday, July 26th. Finally, UBS Group lifted their price target on AON from $181.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $190.11.

Shares of AON stock traded up $0.17 during trading hours on Friday, reaching $194.57. 806,500 shares of the company were exchanged, compared to its average volume of 914,349. The firm has a market cap of $45.22 billion, a PE ratio of 23.84, a PEG ratio of 1.76 and a beta of 0.86. The stock’s fifty day moving average is $192.07 and its 200 day moving average is $189.40. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.38 and a current ratio of 1.38. Aon PLC has a 1 year low of $135.30 and a 1 year high of $198.61.

AON (NYSE:AON) last posted its earnings results on Friday, October 25th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.43 by $0.02. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.46 billion. AON had a return on equity of 51.63% and a net margin of 13.79%. AON’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 earnings per share. Research analysts expect that Aon PLC will post 9.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, October 31st. AON’s dividend payout ratio (DPR) is presently 21.57%.

In related news, insider Anthony R. Goland sold 1,703 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $194.79, for a total value of $331,727.37. Following the transaction, the insider now owns 15,589 shares of the company’s stock, valued at $3,036,581.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Behets Robert 3,000,000 shares of the firm’s stock in a transaction on Friday, October 11th. Insiders sold 15,053 shares of company stock worth $2,906,175 in the last three months. 0.92% of the stock is currently owned by corporate insiders.

AON Company Profile

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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Institutional Ownership by Quarter for AON (NYSE:AON)

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