Jane Street Group LLC increased its stake in Aon PLC (NYSE:AON) by 97.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,002 shares of the financial services provider’s stock after acquiring an additional 3,448 shares during the period. Jane Street Group LLC’s holdings in AON were worth $1,023,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of AON. Janus Henderson Group PLC boosted its holdings in shares of AON by 1,108.1% in the second quarter. Janus Henderson Group PLC now owns 3,180,268 shares of the financial services provider’s stock valued at $422,814,000 after acquiring an additional 2,917,018 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in AON by 2,385.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,224,194 shares of the financial services provider’s stock valued at $162,757,000 after purchasing an additional 1,174,940 shares during the last quarter. SPF Beheer BV acquired a new stake in AON during the third quarter valued at approximately $84,347,000. APG Asset Management N.V. lifted its stake in AON by 139.9% during the third quarter. APG Asset Management N.V. now owns 953,932 shares of the financial services provider’s stock valued at $139,369,000 after purchasing an additional 556,300 shares during the last quarter. Finally, Findlay Park Partners LLP acquired a new stake in AON during the third quarter valued at approximately $68,840,000. Institutional investors and hedge funds own 87.66% of the company’s stock.
In other AON news, CEO Eric Andersen sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $143.52, for a total value of $1,435,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Zern sold 17,680 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $139.79, for a total transaction of $2,471,487.20. Following the completion of the sale, the chief executive officer now owns 27,695 shares of the company’s stock, valued at approximately $3,871,484.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,680 shares of company stock valued at $7,353,887. 0.90% of the stock is owned by insiders.
Shares of Aon PLC (NYSE:AON) opened at $138.50 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.35 and a quick ratio of 2.35. The company has a market cap of $34,560.85, a P/E ratio of 20.49, a P/E/G ratio of 1.80 and a beta of 1.04. Aon PLC has a 12-month low of $109.82 and a 12-month high of $152.78.
AON (NYSE:AON) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.01. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.29 billion. AON had a net margin of 16.78% and a return on equity of 32.71%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 EPS. research analysts forecast that Aon PLC will post 6.53 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a $0.36 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 1.04%. AON’s dividend payout ratio (DPR) is presently 21.79%.
Several analysts recently commented on AON shares. BidaskClub lowered shares of AON from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. ValuEngine raised shares of AON from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Jefferies Group reissued a “buy” rating on shares of AON in a research note on Tuesday, September 5th. Royal Bank of Canada reissued a “hold” rating and set a $143.00 target price on shares of AON in a research note on Wednesday, September 6th. Finally, Barclays increased their target price on shares of AON from $135.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. AON presently has a consensus rating of “Hold” and an average price target of $145.08.
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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