Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Aon PLC (NYSE:AON) by 19.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 76,556 shares of the financial services provider’s stock after purchasing an additional 12,649 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AON were worth $13,068,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its holdings in AON by 5.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 22,515,572 shares of the financial services provider’s stock valued at $3,272,864,000 after purchasing an additional 1,072,842 shares during the last quarter. BlackRock Inc. increased its holdings in AON by 7.8% in the 4th quarter. BlackRock Inc. now owns 15,997,384 shares of the financial services provider’s stock valued at $2,325,380,000 after purchasing an additional 1,162,646 shares during the last quarter. Mawer Investment Management Ltd. increased its holdings in AON by 2.9% in the 4th quarter. Mawer Investment Management Ltd. now owns 5,736,969 shares of the financial services provider’s stock valued at $833,926,000 after purchasing an additional 161,281 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in AON by 14,228.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 3,813,464 shares during the last quarter. Finally, Boston Partners increased its holdings in AON by 33.3% in the 4th quarter. Boston Partners now owns 3,634,161 shares of the financial services provider’s stock valued at $528,261,000 after purchasing an additional 907,862 shares during the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.
NYSE:AON opened at $180.17 on Monday. The firm has a market capitalization of $43.24 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.75 and a beta of 0.94. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.64 and a quick ratio of 1.64. Aon PLC has a 52 week low of $134.82 and a 52 week high of $182.60.
AON (NYSE:AON) last posted its quarterly earnings results on Friday, April 26th. The financial services provider reported $3.31 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $3.31. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.21 billion. AON had a net margin of 10.53% and a return on equity of 43.49%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.97 earnings per share. On average, sell-side analysts anticipate that Aon PLC will post 9.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.44 dividend. This is an increase from AON’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.76 annualized dividend and a dividend yield of 0.98%. AON’s payout ratio is 19.61%.
Several research firms recently weighed in on AON. Barclays lifted their target price on shares of AON from $153.00 to $155.00 and gave the company an “equal weight” rating in a report on Monday, April 1st. Wells Fargo & Co reiterated a “hold” rating and issued a $173.00 target price on shares of AON in a report on Friday. Zacks Investment Research downgraded shares of AON from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. ValuEngine upgraded shares of AON from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Finally, MKM Partners upgraded shares of AON from a “neutral” rating to a “buy” rating and lifted their target price for the company from $155.00 to $200.00 in a report on Monday, February 4th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $171.60.
In related news, CFO Christa Davies sold 58,152 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $170.90, for a total transaction of $9,938,176.80. Following the completion of the transaction, the chief financial officer now owns 288,016 shares in the company, valued at $49,221,934.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael Neller sold 1,250 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $171.66, for a total transaction of $214,575.00. Following the transaction, the insider now owns 5,188 shares of the company’s stock, valued at approximately $890,572.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,470 shares of company stock valued at $12,756,050. Insiders own 0.42% of the company’s stock.
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AON Company Profile
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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