Calamos Advisors LLC lessened its holdings in Aon PLC (NYSE:AON) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 75,721 shares of the financial services provider’s stock after selling 6,360 shares during the quarter. Calamos Advisors LLC’s holdings in AON were worth $15,772,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of AON by 1.5% during the second quarter. Vanguard Group Inc. now owns 18,406,729 shares of the financial services provider’s stock worth $3,552,130,000 after purchasing an additional 275,773 shares during the period. Bank of America Corp DE raised its position in AON by 0.9% during the second quarter. Bank of America Corp DE now owns 2,333,373 shares of the financial services provider’s stock valued at $450,294,000 after acquiring an additional 19,914 shares in the last quarter. California Public Employees Retirement System raised its position in AON by 7.1% during the third quarter. California Public Employees Retirement System now owns 2,002,383 shares of the financial services provider’s stock valued at $387,601,000 after acquiring an additional 133,427 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in AON by 1.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,317,652 shares of the financial services provider’s stock valued at $254,280,000 after acquiring an additional 18,146 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in AON by 15,731.6% during the second quarter. Nuveen Asset Management LLC now owns 1,065,627 shares of the financial services provider’s stock valued at $205,644,000 after acquiring an additional 1,058,896 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on AON. Wells Fargo & Co reiterated a “hold” rating on shares of AON in a research report on Monday, January 6th. Raymond James cut AON from an “outperform” rating to an “underperform” rating in a research report on Monday, November 18th. Finally, William Blair upgraded AON from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. AON has an average rating of “Hold” and an average price target of $199.33.
In other news, insider Anthony R. Goland sold 1,703 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $194.79, for a total value of $331,727.37. Following the completion of the sale, the insider now directly owns 15,589 shares in the company, valued at $3,036,581.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Michael Losh sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $193.60, for a total value of $968,000.00. Following the completion of the sale, the director now owns 19,366 shares of the company’s stock, valued at $3,749,257.60. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.
Shares of AON stock opened at $209.03 on Thursday. The stock has a 50 day moving average of $206.77 and a 200 day moving average of $196.73. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.72. The stock has a market cap of $48.19 billion, a P/E ratio of 25.62, a P/E/G ratio of 1.67 and a beta of 0.85. Aon PLC has a twelve month low of $148.75 and a twelve month high of $212.65.
AON (NYSE:AON) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.02. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.46 billion. AON had a return on equity of 51.63% and a net margin of 13.79%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 earnings per share. On average, research analysts predict that Aon PLC will post 9.13 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, January 31st. AON’s dividend payout ratio (DPR) is presently 21.57%.
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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