Banque Pictet & Cie SA grew its holdings in shares of Aon (NYSE:AON) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,160 shares of the financial services provider’s stock after buying an additional 1,375 shares during the quarter. Banque Pictet & Cie SA’s holdings in AON were worth $4,092,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Tredje AP fonden boosted its stake in shares of AON by 4.2% during the 1st quarter. Tredje AP fonden now owns 70,072 shares of the financial services provider’s stock valued at $9,833,000 after buying an additional 2,850 shares during the last quarter. Timber Hill LLC purchased a new position in shares of AON during the 1st quarter valued at approximately $234,000. US Bancorp DE boosted its stake in shares of AON by 3.0% during the 1st quarter. US Bancorp DE now owns 40,448 shares of the financial services provider’s stock valued at $5,676,000 after buying an additional 1,178 shares during the last quarter. Waratah Capital Advisors Ltd. boosted its stake in shares of AON by 25.6% during the 1st quarter. Waratah Capital Advisors Ltd. now owns 92,597 shares of the financial services provider’s stock valued at $12,994,000 after buying an additional 18,877 shares during the last quarter. Finally, Pittenger & Anderson Inc. boosted its stake in shares of AON by 44.3% during the 1st quarter. Pittenger & Anderson Inc. now owns 11,400 shares of the financial services provider’s stock valued at $1,600,000 after buying an additional 3,500 shares during the last quarter. Institutional investors own 88.62% of the company’s stock.
In other AON news, CEO Michael J. O’connor sold 1,411 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $140.23, for a total value of $197,864.53. Following the sale, the chief executive officer now directly owns 133,515 shares of the company’s stock, valued at $18,722,808.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Peter M. Lieb sold 1,611 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $141.24, for a total value of $227,537.64. Following the completion of the sale, the general counsel now directly owns 32,144 shares in the company, valued at $4,540,018.56. The disclosure for this sale can be found here. Insiders sold 9,883 shares of company stock worth $1,391,791 over the last ninety days. 0.90% of the stock is owned by corporate insiders.
Shares of AON opened at $140.94 on Friday, according to Marketbeat Ratings. Aon has a 1-year low of $141.01 and a 1-year high of $142.42. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $34.42 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 1.43 and a beta of 1.04.
AON (NYSE:AON) last issued its earnings results on Friday, May 4th. The financial services provider reported $2.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.81 by $0.15. AON had a return on equity of 39.65% and a net margin of 14.28%. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the company earned $1.45 earnings per share. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. sell-side analysts anticipate that Aon will post 8.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.14%. AON’s dividend payout ratio (DPR) is currently 24.54%.
Several equities analysts recently issued reports on AON shares. Zacks Investment Research cut AON from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 18th. Wells Fargo restated a “hold” rating and set a $143.00 price objective on shares of AON in a research note on Friday, February 2nd. TheStreet cut AON from a “b-” rating to a “c” rating in a research note on Friday, February 2nd. Citigroup raised their price objective on AON from $157.00 to $162.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Barclays restated an “equal weight” rating and set a $138.00 price objective (up from $135.00) on shares of AON in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $148.27.
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
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