Bleakley Financial Group LLC Purchases 1,770 Shares of Aon plc $AON

Bleakley Financial Group LLC grew its position in Aon plc (NYSE:AON) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,435 shares of the financial services provider’s stock after purchasing an additional 1,770 shares during the period. Bleakley Financial Group LLC’s holdings in AON were worth $6,919,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of AON in the 4th quarter valued at about $4,305,000. SG Americas Securities LLC raised its holdings in AON by 1,640.4% during the fourth quarter. SG Americas Securities LLC now owns 143,163 shares of the financial services provider’s stock worth $50,519,000 after acquiring an additional 134,937 shares in the last quarter. Aviva PLC boosted its position in AON by 2.0% during the fourth quarter. Aviva PLC now owns 333,454 shares of the financial services provider’s stock valued at $117,669,000 after purchasing an additional 6,622 shares during the last quarter. TABR Capital Management LLC bought a new position in AON in the fourth quarter valued at approximately $1,278,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of AON by 21.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,552 shares of the financial services provider’s stock worth $13,251,000 after purchasing an additional 6,509 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Activity at AON

In related news, General Counsel Darren Zeidel sold 600 shares of AON stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $360.00, for a total transaction of $216,000.00. Following the completion of the sale, the general counsel owned 15,354 shares of the company’s stock, valued at approximately $5,527,440. The trade was a 3.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of several recent analyst reports. UBS Group increased their price objective on AON from $360.00 to $383.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Citigroup boosted their target price on shares of AON from $412.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Cantor Fitzgerald upped their price target on shares of AON from $416.00 to $445.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Barclays lifted their price objective on shares of AON from $372.00 to $382.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of AON from $404.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AON has a consensus rating of “Moderate Buy” and a consensus target price of $403.19.

AON Stock Performance

Shares of NYSE AON opened at $359.16 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $76.71 billion, a P/E ratio of 19.71, a P/E/G ratio of 1.93 and a beta of 0.71. Aon plc has a 12 month low of $304.59 and a 12 month high of $381.00. The stock has a 50 day moving average of $329.08 and a 200-day moving average of $330.87.

AON (NYSE:AON) last announced its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter last year, the firm posted $5.67 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts predict that Aon plc will post 19.09 EPS for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, August 3rd. AON’s dividend payout ratio (DPR) is currently 18.00%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.