Tradition Capital Management LLC lowered its stake in shares of Aon PLC (NYSE:AON) by 6.4% during the first quarter, Holdings Channel reports. The fund owned 9,805 shares of the financial services provider’s stock after selling 675 shares during the quarter. Tradition Capital Management LLC’s holdings in AON were worth $1,673,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in AON by 14,228.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock worth $26,000 after buying an additional 3,813,464 shares during the last quarter. Norges Bank acquired a new stake in AON in the 4th quarter worth about $176,885,000. BlackRock Inc. boosted its stake in AON by 7.8% in the 4th quarter. BlackRock Inc. now owns 15,997,384 shares of the financial services provider’s stock worth $2,325,380,000 after buying an additional 1,162,646 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in AON by 5.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 22,515,572 shares of the financial services provider’s stock worth $3,272,864,000 after buying an additional 1,072,842 shares during the last quarter. Finally, Boston Partners boosted its stake in AON by 33.3% in the 4th quarter. Boston Partners now owns 3,634,161 shares of the financial services provider’s stock worth $528,261,000 after buying an additional 907,862 shares during the last quarter. 84.63% of the stock is currently owned by institutional investors and hedge funds.
AON has been the topic of a number of research analyst reports. Wells Fargo & Co reissued a “hold” rating on shares of AON in a research note on Friday, April 5th. Compass Point initiated coverage on AON in a research note on Tuesday, January 15th. They issued a “buy” rating and a $195.00 price target on the stock. ValuEngine lowered AON from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. MKM Partners upgraded AON from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $155.00 to $200.00 in a report on Monday, February 4th. Finally, William Blair restated a “market perform” rating on shares of AON in a report on Friday, February 1st. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. AON has a consensus rating of “Hold” and an average price target of $173.10.
Shares of AON stock traded up $1.59 during trading hours on Wednesday, reaching $179.65. The stock had a trading volume of 187,077 shares, compared to its average volume of 776,606. The company has a market cap of $42.78 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 1.71 and a beta of 0.94. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.09 and a quick ratio of 2.09. Aon PLC has a 1 year low of $134.82 and a 1 year high of $182.60.
AON (NYSE:AON) last released its quarterly earnings data on Friday, April 26th. The financial services provider reported $3.31 EPS for the quarter, hitting analysts’ consensus estimates of $3.31. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.21 billion. AON had a return on equity of 46.15% and a net margin of 11.08%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $2.97 EPS. Research analysts anticipate that Aon PLC will post 9.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.98%. This is an increase from AON’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, April 30th. AON’s dividend payout ratio (DPR) is 21.57%.
In related news, insider Eric Andersen sold 7,500 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.50, for a total transaction of $1,338,750.00. Following the sale, the insider now directly owns 80,941 shares in the company, valued at approximately $14,447,968.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Neller sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $171.66, for a total value of $214,575.00. Following the sale, the insider now owns 5,188 shares in the company, valued at $890,572.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,170 shares of company stock worth $15,022,428. Company insiders own 0.92% of the company’s stock.
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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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