Commonwealth Equity Services LLC raised its stake in shares of Aon PLC (NYSE:AON) by 11.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,910 shares of the financial services provider’s stock after purchasing an additional 2,780 shares during the quarter. Commonwealth Equity Services LLC’s holdings in AON were worth $5,402,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. State of Tennessee Treasury Department increased its position in AON by 13.3% during the third quarter. State of Tennessee Treasury Department now owns 231,801 shares of the financial services provider’s stock worth $44,870,000 after purchasing an additional 27,267 shares during the last quarter. Retirement Systems of Alabama grew its stake in AON by 45.0% during the third quarter. Retirement Systems of Alabama now owns 162,678 shares of the financial services provider’s stock worth $31,490,000 after buying an additional 50,511 shares during the period. BB&T Securities LLC grew its stake in AON by 1.6% during the third quarter. BB&T Securities LLC now owns 12,659 shares of the financial services provider’s stock worth $2,469,000 after buying an additional 199 shares during the period. Cerity Partners LLC purchased a new stake in AON during the third quarter worth approximately $228,000. Finally, SPF Beheer BV purchased a new stake in AON during the third quarter worth approximately $83,069,000. 86.37% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on the stock. ValuEngine downgraded shares of AON from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. UBS Group boosted their price objective on shares of AON from $181.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Co reiterated a “hold” rating and set a $195.00 price objective on shares of AON in a research note on Friday, July 26th. Barclays set a $190.00 price objective on shares of AON and gave the stock a “hold” rating in a research note on Monday, August 12th. Finally, Morgan Stanley boosted their price objective on shares of AON from $197.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $190.11.
AON opened at $194.74 on Thursday. The company has a market cap of $45.57 billion, a P/E ratio of 22.14, a P/E/G ratio of 1.78 and a beta of 0.86. The company has a 50 day moving average of $192.04 and a two-hundred day moving average of $189.30. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.72. Aon PLC has a 52-week low of $135.30 and a 52-week high of $198.61.
AON (NYSE:AON) last announced its earnings results on Friday, October 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.02. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.46 billion. AON had a net margin of 13.79% and a return on equity of 51.63%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 earnings per share. Research analysts anticipate that Aon PLC will post 9.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.44 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.76 annualized dividend and a dividend yield of 0.90%. AON’s dividend payout ratio (DPR) is presently 21.57%.
In other AON news, insider Behets Robert 3,000,000 shares of the stock in a transaction that occurred on Friday, October 11th. Also, insider Michael Neller sold 750 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 2,192 shares of the company’s stock, valued at $423,691.68. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.
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.
Featured Story: What are benefits of a growth and income fund?
Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon PLC (NYSE:AON).
Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.