Robeco Institutional Asset Management B.V. reduced its position in shares of Aon PLC (NYSE:AON) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 204,481 shares of the financial services provider’s stock after selling 619 shares during the period. Robeco Institutional Asset Management B.V. owned 0.08% of AON worth $31,444,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its holdings in AON by 7.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 21,250,960 shares of the financial services provider’s stock valued at $2,914,992,000 after purchasing an additional 1,436,583 shares during the period. Cantillon Capital Management LLC boosted its holdings in AON by 53.2% in the 2nd quarter. Cantillon Capital Management LLC now owns 1,397,690 shares of the financial services provider’s stock valued at $191,721,000 after purchasing an additional 485,561 shares during the period. Millennium Management LLC boosted its holdings in AON by 56.3% in the 2nd quarter. Millennium Management LLC now owns 762,369 shares of the financial services provider’s stock valued at $104,574,000 after purchasing an additional 274,617 shares during the period. Point72 Asset Management L.P. bought a new stake in AON in the 2nd quarter valued at $25,851,000. Finally, Mawer Investment Management Ltd. boosted its holdings in AON by 2.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 5,522,249 shares of the financial services provider’s stock valued at $757,487,000 after purchasing an additional 154,272 shares during the period. 85.01% of the stock is owned by institutional investors and hedge funds.
AON has been the subject of a number of research reports. Morgan Stanley increased their price target on shares of AON from $152.00 to $167.00 and gave the company an “equal weight” rating in a report on Wednesday, November 14th. Credit Suisse Group set a $162.00 price target on shares of AON and gave the company a “hold” rating in a report on Tuesday, October 30th. Barclays increased their price target on shares of AON from $138.00 to $153.00 and gave the company an “equal weight” rating in a report on Monday, November 12th. Wells Fargo & Co set a $143.00 price target on shares of AON and gave the company a “hold” rating in a report on Friday, October 26th. Finally, Citigroup increased their price target on shares of AON from $167.00 to $180.00 and gave the company a “buy” rating in a report on Friday, October 12th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $160.38.
Shares of NYSE:AON traded down $2.16 during midday trading on Thursday, reaching $160.56. 1,096,839 shares of the company’s stock were exchanged, compared to its average volume of 1,002,120. The company has a market capitalization of $39.19 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.70 and a beta of 0.86. Aon PLC has a 12 month low of $130.87 and a 12 month high of $166.55. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.41 and a current ratio of 1.41.
AON (NYSE:AON) last released its quarterly earnings data on Friday, October 26th. The financial services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.09. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.39 billion. AON had a net margin of 7.06% and a return on equity of 43.96%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $1.29 EPS. Sell-side analysts forecast that Aon PLC will post 8.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Wednesday, October 31st. AON’s payout ratio is 24.54%.
In related news, CEO Caroline Grace sold 4,000 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $155.00, for a total transaction of $620,000.00. Following the completion of the sale, the chief executive officer now owns 45,796 shares in the company, valued at approximately $7,098,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.
AON Company Profile
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.
Further Reading: Quiet Period
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