TrimTabs Asset Management LLC Raises Stake in Aon plc (NYSE:AON)


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TrimTabs Asset Management LLC raised its stake in Aon plc (NYSE:AON) by 43.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,188 shares of the financial services provider’s stock after buying an additional 1,889 shares during the quarter. TrimTabs Asset Management LLC’s holdings in AON were worth $1,412,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Canada Pension Plan Investment Board grew its holdings in AON by 1,813.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 233,148 shares of the financial services provider’s stock valued at $49,257,000 after buying an additional 220,963 shares in the last quarter. Pendal Group Limited grew its holdings in AON by 22.4% in the 4th quarter. Pendal Group Limited now owns 5,899 shares of the financial services provider’s stock valued at $1,247,000 after buying an additional 1,081 shares in the last quarter. Rothschild Investment Corp IL purchased a new stake in AON in the 4th quarter valued at $2,204,000. Madison Wealth Management lifted its stake in shares of AON by 3.8% in the 4th quarter. Madison Wealth Management now owns 7,195 shares of the financial services provider’s stock valued at $1,520,000 after purchasing an additional 265 shares during the last quarter. Finally, Colony Group LLC lifted its stake in shares of AON by 9.8% in the 3rd quarter. Colony Group LLC now owns 1,336 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 119 shares during the last quarter. Institutional investors own 95.71% of the company’s stock.

Several brokerages have recently commented on AON. Zacks Investment Research raised AON from a “hold” rating to a “buy” rating and set a $237.00 price target on the stock in a research note on Tuesday, February 9th. Morgan Stanley upped their price target on AON from $219.00 to $236.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 30th. Wells Fargo & Company upped their price target on AON from $256.00 to $275.00 and gave the company an “overweight” rating in a research note on Monday, February 8th. Deutsche Bank Aktiengesellschaft increased their target price on AON from $196.00 to $205.00 and gave the stock a “hold” rating in a research note on Monday, February 8th. Finally, Atlantic Securities raised AON from a “neutral” rating to an “overweight” rating and set a $265.00 target price on the stock in a research note on Thursday, February 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $224.46.

AON stock traded down $0.96 during mid-day trading on Thursday, reaching $235.31. The company had a trading volume of 15,592 shares, compared to its average volume of 1,699,342. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $53.18 billion, a price-to-earnings ratio of 30.49 and a beta of 0.83. The firm has a fifty day simple moving average of $228.84 and a 200 day simple moving average of $211.83. Aon plc has a fifty-two week low of $167.45 and a fifty-two week high of $236.67.

AON (NYSE:AON) last posted its quarterly earnings results on Thursday, February 4th. The financial services provider reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.16. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.84 billion. AON had a return on equity of 65.00% and a net margin of 16.56%. AON’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 EPS. As a group, analysts predict that Aon plc will post 9.66 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 12th. Stockholders of record on Monday, February 1st were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, January 29th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.78%. AON’s payout ratio is currently 20.07%.

AON Company Profile

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance solutions provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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