Daiwa Securities Group Inc. lessened its stake in Aon PLC (NYSE:AON) by 71.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,795 shares of the financial services provider’s stock after selling 19,465 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Aon PLC were worth $1,139,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in shares of Aon PLC by 16.7% in the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after buying an additional 106 shares in the last quarter. Fiduciary Trust Co. purchased a new position in shares of Aon PLC in the second quarter worth $108,000. Magellan Asset Management Ltd lifted its holdings in shares of Aon PLC by 110.2% in the second quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock worth $113,000 after buying an additional 444 shares in the last quarter. Pinnacle Financial Partners Inc. purchased a new position in shares of Aon PLC in the second quarter worth $126,000. Finally, MPS Loria Financial Planners LLC purchased a new position in shares of Aon PLC in the second quarter worth $139,000. 88.46% of the stock is currently owned by hedge funds and other institutional investors.
In other Aon PLC news, CEO Michael J. O’connor sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the transaction, the chief executive officer now owns 123,805 shares in the company, valued at $17,951,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.
AON has been the topic of several research analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $162.00 target price (up previously from $146.00) on shares of Aon PLC in a report on Monday, July 24th. BidaskClub downgraded shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Wells Fargo & Company reissued a “hold” rating on shares of Aon PLC in a report on Friday, August 4th. Royal Bank Of Canada reissued a “hold” rating and issued a $143.00 target price on shares of Aon PLC in a report on Sunday, August 6th. Finally, Citigroup Inc. boosted their target price on shares of Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $144.42.
Shares of Aon PLC (NYSE AON) opened at $143.25 on Monday. The stock has a market cap of $35,797.84, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.86 and a beta of 1.06. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.35 and a current ratio of 2.35. Aon PLC has a 12 month low of $109.18 and a 12 month high of $152.78.
Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, October 27th. The financial services provider reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.01. Aon PLC had a net margin of 16.78% and a return on equity of 32.71%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the previous year, the business posted $1.29 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. equities analysts forecast that Aon PLC will post 6.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Tuesday, October 31st. Aon PLC’s dividend payout ratio (DPR) is 21.79%.
Aon PLC Profile
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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