Relyea Zuckerberg Hanson LLC bought a new stake in Aon PLC (NYSE:AON) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,389 shares of the financial services provider’s stock, valued at approximately $289,000.
A number of other large investors also recently added to or reduced their stakes in AON. Nuveen Asset Management LLC lifted its stake in AON by 15,731.6% in the second quarter. Nuveen Asset Management LLC now owns 1,065,627 shares of the financial services provider’s stock valued at $205,644,000 after buying an additional 1,058,896 shares during the period. SPF Beheer BV acquired a new position in AON in the third quarter valued at about $83,069,000. California Public Employees Retirement System lifted its stake in AON by 21.6% in the second quarter. California Public Employees Retirement System now owns 1,868,956 shares of the financial services provider’s stock valued at $360,671,000 after buying an additional 332,400 shares during the period. Vanguard Group Inc. lifted its stake in AON by 1.5% in the second quarter. Vanguard Group Inc. now owns 18,406,729 shares of the financial services provider’s stock valued at $3,552,130,000 after buying an additional 275,773 shares during the period. Finally, Viking Global Investors LP lifted its stake in AON by 30.2% in the second quarter. Viking Global Investors LP now owns 851,778 shares of the financial services provider’s stock valued at $164,376,000 after buying an additional 197,554 shares during the period. 86.18% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on AON shares. William Blair raised AON from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Wells Fargo & Co reissued a “hold” rating on shares of AON in a research note on Monday, January 6th. Finally, Raymond James lowered AON from an “outperform” rating to an “underperform” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $198.71.
AON (NYSE:AON) last issued its earnings results on Friday, October 25th. The financial services provider reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.02. AON had a return on equity of 51.63% and a net margin of 13.79%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the company posted $1.30 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts predict that Aon PLC will post 9.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, January 31st. This represents a $1.76 annualized dividend and a yield of 0.85%. AON’s payout ratio is currently 21.57%.
In related news, Director J Michael Losh sold 5,000 shares of AON stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $193.60, for a total transaction of $968,000.00. Following the completion of the sale, the director now directly owns 19,366 shares of the company’s stock, valued at approximately $3,749,257.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Anthony R. Goland sold 1,703 shares of AON stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $194.79, for a total value of $331,727.37. Following the sale, the insider now directly owns 15,589 shares of the company’s stock, valued at $3,036,581.31. The disclosure for this sale can be found here. Company insiders own 0.90% 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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