Capital International Sarl lessened its stake in Aon PLC (NYSE:AON) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,000 shares of the financial services provider’s stock after selling 200 shares during the quarter. Capital International Sarl’s holdings in AON were worth $2,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of AON. MV Capital Management Inc. raised its position in shares of AON by 7.7% in the 3rd quarter. MV Capital Management Inc. now owns 3,416 shares of the financial services provider’s stock worth $661,000 after purchasing an additional 245 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of AON in the 3rd quarter worth about $597,000. Stifel Financial Corp raised its position in shares of AON by 23.8% in the 3rd quarter. Stifel Financial Corp now owns 19,002 shares of the financial services provider’s stock worth $3,685,000 after purchasing an additional 3,659 shares during the last quarter. Ancora Advisors LLC raised its position in shares of AON by 1.9% in the 3rd quarter. Ancora Advisors LLC now owns 5,493 shares of the financial services provider’s stock worth $1,063,000 after purchasing an additional 100 shares during the last quarter. Finally, Pictet Asset Management Ltd. raised its position in shares of AON by 39.6% in the 3rd quarter. Pictet Asset Management Ltd. now owns 173,599 shares of the financial services provider’s stock worth $33,604,000 after purchasing an additional 49,271 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on AON shares. MKM Partners lifted their price target on AON from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Wells Fargo & Co raised AON from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $225.00 to $265.00 in a research report on Tuesday, February 25th. Morgan Stanley decreased their target price on AON from $236.00 to $213.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 11th. Cfra decreased their target price on AON from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Finally, William Blair raised AON from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $221.90.
NYSE:AON traded up $0.48 during mid-day trading on Thursday, reaching $163.63. The company’s stock had a trading volume of 1,115,620 shares, compared to its average volume of 2,851,554. Aon PLC has a 12-month low of $143.93 and a 12-month high of $238.19. The firm’s fifty day moving average price is $206.58 and its two-hundred day moving average price is $202.11. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.92. The stock has a market cap of $38.45 billion, a P/E ratio of 25.77 and a beta of 0.79.
AON (NYSE:AON) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $2.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.04. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.85 billion. AON had a return on equity of 55.95% and a net margin of 13.91%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 EPS. Analysts predict that Aon PLC will post 10.42 earnings per share for the current fiscal year.
In other AON news, CFO Christa Davies sold 2,354 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $233.77, for a total transaction of $550,294.58. Following the completion of the sale, the chief financial officer now directly owns 220,571 shares in the company, valued at approximately $51,562,882.67. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Neller sold 1,250 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $160.68, for a total value of $200,850.00. Following the sale, the insider now owns 5,437 shares of the company’s stock, valued at $873,617.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,644 shares of company stock valued at $4,285,545. Corporate insiders own 0.92% of the company’s stock.
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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