Advisor Partners LLC trimmed its position in shares of Aon PLC (NYSE:AON) by 6.2% during the fourth quarter, HoldingsChannel reports. The fund owned 8,769 shares of the financial services provider’s stock after selling 581 shares during the quarter. Advisor Partners LLC’s holdings in AON were worth $1,833,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. California Public Employees Retirement System boosted its holdings 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 worth $387,601,000 after buying an additional 133,427 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 worth $254,280,000 after buying an additional 18,146 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in AON by 4.7% during the third quarter. Parametric Portfolio Associates LLC now owns 636,951 shares of the financial services provider’s stock worth $123,295,000 after buying an additional 28,633 shares in the last quarter. Royal Bank of Canada boosted its holdings in AON by 15.4% during the second quarter. Royal Bank of Canada now owns 558,581 shares of the financial services provider’s stock worth $107,795,000 after buying an additional 74,645 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in AON by 1.3% during the third quarter. Rhumbline Advisers now owns 448,092 shares of the financial services provider’s stock worth $86,737,000 after buying an additional 5,749 shares in the last quarter. Institutional investors and hedge funds own 86.10% of the company’s stock.
In other AON news, insider Anthony R. Goland sold 1,703 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $194.79, for a total value of $331,727.37. Following the sale, the insider now owns 15,589 shares of the company’s stock, valued at $3,036,581.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Michael Losh sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $193.60, for a total transaction of $968,000.00. Following the completion of the sale, the director now directly owns 19,366 shares in the company, valued at approximately $3,749,257.60. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.
A number of analysts recently commented on AON shares. William Blair raised shares of AON from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Raymond James downgraded shares of AON from an “outperform” rating to an “underperform” rating in a report on Monday, November 18th. Wells Fargo & Co reissued a “hold” rating on shares of AON in a report on Monday, January 6th. Finally, Citigroup started coverage on shares of AON in a report on Tuesday. They set a “buy” rating and a $245.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $205.86.
Shares of NYSE AON opened at $213.42 on Friday. Aon PLC has a 12-month low of $151.65 and a 12-month high of $214.84. The company has a market capitalization of $49.45 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 1.72 and a beta of 0.85. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.38 and a quick ratio of 1.38. The firm’s 50-day moving average is $208.36 and its two-hundred day moving average is $197.46.
AON (NYSE:AON) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.02. AON had a net margin of 13.79% and a return on equity of 51.63%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts forecast that Aon PLC will post 9.13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.82%. The ex-dividend date 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.
Further Reading: The limitations of an equal weight rating
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