TD Asset Management Inc. lifted its stake in Aon PLC (NYSE:AON) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 288,872 shares of the financial services provider’s stock after buying an additional 2,318 shares during the period. TD Asset Management Inc. owned about 0.12% of AON worth $42,204,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. raised its position in AON by 0.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,125 shares of the financial services provider’s stock worth $548,000 after purchasing an additional 15 shares in the last quarter. Checchi Capital Advisers LLC raised its position in AON by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,251 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 25 shares in the last quarter. Quadrant Capital Group LLC raised its position in AON by 2.3% in the second quarter. Quadrant Capital Group LLC now owns 1,661 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 38 shares in the last quarter. Commerce Bank raised its position in AON by 0.3% in the second quarter. Commerce Bank now owns 21,586 shares of the financial services provider’s stock worth $2,869,000 after purchasing an additional 56 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in AON by 2.2% in the second quarter. Stratos Wealth Partners LTD. now owns 3,084 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 88.74% of the company’s stock.
In other news, CEO Michael J. O’connor sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the completion of the sale, the chief executive officer now owns 123,805 shares of the company’s stock, valued at $17,951,725. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 40,000 shares of company stock valued at $5,720,400. Company insiders own 0.90% of the company’s stock.
Shares of Aon PLC (NYSE AON) opened at $138.63 on Monday. The firm has a market cap of $34,640.00, a P/E ratio of 20.54, a PEG ratio of 1.80 and a beta of 1.06. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.35 and a current ratio of 2.35. Aon PLC has a fifty-two week low of $109.82 and a fifty-two week high of $152.78.
AON (NYSE:AON) last posted its quarterly earnings data on Friday, October 27th. The financial services provider reported $1.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.01. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.29 billion. AON had a net margin of 16.78% and a return on equity of 32.71%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $1.29 earnings per share. equities research analysts forecast that Aon PLC will post 6.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Tuesday, October 31st. AON’s payout ratio is 37.60%.
AON has been the subject of several recent research reports. Royal Bank Of Canada reissued a “hold” rating and issued a $143.00 price target on shares of AON in a research report on Wednesday, September 6th. Jefferies Group LLC increased their price target on shares of AON from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Wells Fargo & Company increased their price target on shares of AON from $138.00 to $143.00 and gave the stock a “market perform” rating in a research report on Monday, October 30th. Deutsche Bank AG increased their price target on shares of AON from $113.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of AON from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $144.42.
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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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