SG Americas Securities LLC boosted its stake in Aon PLC (NYSE:AON) by 188.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,661 shares of the financial services provider’s stock after acquiring an additional 58,555 shares during the period. SG Americas Securities LLC’s holdings in Aon PLC were worth $13,099,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in AON. Parallel Advisors LLC boosted its holdings in shares of Aon PLC by 16.7% during the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock valued at $102,000 after buying an additional 106 shares in the last quarter. Fiduciary Trust Co. bought a new stake in shares of Aon PLC during the 2nd quarter valued at $108,000. Pathstone Family Office LLC boosted its holdings in shares of Aon PLC by 6,775.0% during the 2nd quarter. Pathstone Family Office LLC now owns 825 shares of the financial services provider’s stock valued at $1,703,000 after buying an additional 813 shares in the last quarter. Magellan Asset Management Ltd boosted its holdings in shares of Aon PLC by 110.2% during the 2nd quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock valued at $113,000 after buying an additional 444 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. bought a new stake in shares of Aon PLC during the 2nd quarter valued at $126,000. Institutional investors and hedge funds own 88.46% of the company’s stock.
A number of brokerages have recently commented on AON. Citigroup Inc. boosted their target price on shares of Aon PLC from $155.00 to $159.00 and gave the company a “buy” rating in a report on Monday, August 7th. Royal Bank Of Canada restated a “hold” rating and set a $143.00 target price on shares of Aon PLC in a report on Sunday, August 6th. Jefferies Group LLC restated a “buy” rating and set a $162.00 target price (up previously from $146.00) on shares of Aon PLC in a report on Monday, July 24th. BidaskClub cut shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $154.00 target price on shares of Aon PLC in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $144.42.
Shares of Aon PLC (NYSE:AON) traded down $1.55 during trading hours on Friday, reaching $141.28. The company’s stock had a trading volume of 1,026,900 shares, compared to its average volume of 1,077,641. Aon PLC has a fifty-two week low of $109.82 and a fifty-two week high of $152.78. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.08. The stock has a market cap of $35,692.89, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.86 and a beta of 1.06.
Aon PLC (NYSE:AON) last issued its earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.01. Aon PLC had a return on equity of 32.71% and a net margin of 16.78%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. Aon PLC’s revenue was up 6.3% on a year-over-year basis. sell-side analysts anticipate that Aon PLC will post 6.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Tuesday, October 31st. Aon PLC’s dividend payout ratio (DPR) is 21.79%.
In other Aon PLC news, CEO Michael J. O’connor sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total value of $1,402,800.00. Following the completion of the transaction, the chief executive officer now owns 123,805 shares of the company’s stock, valued at approximately $17,367,365.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 40,000 shares of company stock valued at $5,720,400. 0.90% of the stock is owned by insiders.
About Aon PLC
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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