Gyroscope Capital Management Group LLC bought a new position in shares of Aon PLC (NYSE:AON) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,356 shares of the financial services provider’s stock, valued at approximately $1,752,000. AON comprises 0.7% of Gyroscope Capital Management Group LLC’s holdings, making the stock its 29th biggest position.
Other institutional investors have also bought and sold shares of the company. NEXT Financial Group Inc bought a new stake in AON during the second quarter valued at about $25,000. Cerebellum GP LLC bought a new stake in AON during the third quarter valued at about $28,000. Massey Quick Simon & CO. LLC bought a new stake in AON during the second quarter valued at about $31,000. Capital Investment Advisory Services LLC bought a new stake in AON during the second quarter valued at about $37,000. Finally, AdvisorNet Financial Inc boosted its holdings in AON by 54.4% during the second quarter. AdvisorNet Financial Inc now owns 210 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 74 shares during the period. 85.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE AON traded up $3.01 during mid-day trading on Friday, hitting $191.90. The company had a trading volume of 155,601 shares, compared to its average volume of 730,146. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.83 and a quick ratio of 1.83. The business’s 50-day simple moving average is $192.05 and its 200-day simple moving average is $186.59. Aon PLC has a 12 month low of $135.30 and a 12 month high of $198.61. The firm has a market cap of $43.80 billion, a P/E ratio of 23.52, a PEG ratio of 1.71 and a beta of 0.85.
AON (NYSE:AON) last released its earnings results on Friday, July 26th. The financial services provider reported $1.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.88 by ($0.01). AON had a net margin of 13.14% and a return on equity of 48.75%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the previous year, the business posted $1.71 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts predict that Aon PLC will post 9.12 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 31st. AON’s payout ratio is presently 21.57%.
In related news, COO John G. Bruno sold 7,600 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $192.30, for a total value of $1,461,480.00. Following the completion of the sale, the chief operating officer now owns 46,252 shares in the company, valued at $8,894,259.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Neller sold 750 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $193.29, for a total transaction of $144,967.50. Following the completion of the sale, the insider now owns 2,192 shares of the company’s stock, valued at approximately $423,691.68. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.
A number of research firms have issued reports on AON. ValuEngine cut shares of AON from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. UBS Group upped their price target on shares of AON from $181.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Co restated a “hold” rating and set a $195.00 price target on shares of AON in a report on Friday, July 26th. Atlantic Securities cut shares of AON from an “overweight” rating to a “neutral” rating and set a $190.00 price target for the company. in a report on Friday, June 14th. Finally, Morgan Stanley upped their price target on shares of AON from $197.00 to $200.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $186.64.
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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