Bremer Trust National Association cut its stake in shares of Aon plc Class A (NYSE:AON) by 4.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,509 shares of the financial services provider’s stock after selling 687 shares during the period. Bremer Trust National Association’s holdings in Aon plc Class A were worth $2,119,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in AON. FNY Partners Fund LP purchased a new position in Aon plc Class A during the first quarter valued at approximately $106,000. Atria Investments LLC grew its position in Aon plc Class A by 2.4% during the second quarter. Atria Investments LLC now owns 8,841 shares of the financial services provider’s stock valued at $1,175,000 after purchasing an additional 208 shares in the last quarter. Capital Investment Advisors LLC purchased a new position in Aon plc Class A during the second quarter valued at approximately $220,000. Bank of Montreal Can grew its position in Aon plc Class A by 86.5% during the second quarter. Bank of Montreal Can now owns 266,601 shares of the financial services provider’s stock valued at $35,445,000 after purchasing an additional 123,654 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its position in Aon plc Class A by 3.0% during the second quarter. Gateway Investment Advisers LLC now owns 224,226 shares of the financial services provider’s stock valued at $29,811,000 after purchasing an additional 6,521 shares in the last quarter. 84.52% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, CEO Michael J. O’connor sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the completion of the transaction, the chief executive officer now directly owns 123,805 shares of the company’s stock, valued at approximately $17,367,365.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.
A number of brokerages recently commented on AON. Citigroup Inc. boosted their price objective on shares of Aon plc Class A from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Sandler O’Neill reaffirmed a “hold” rating on shares of Aon plc Class A in a research report on Monday. Jefferies Group LLC boosted their price objective on shares of Aon plc Class A from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company boosted their price objective on shares of Aon plc Class A from $138.00 to $143.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Zacks Investment Research downgraded shares of Aon plc Class A from a “buy” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $144.42.
Aon plc Class A (NYSE:AON) traded down 0.05% during mid-day trading on Tuesday, reaching $143.02. 625,342 shares of the company’s stock were exchanged. Aon plc Class A has a 52-week low of $107.50 and a 52-week high of $152.78. The stock has a 50-day moving average price of $147.07 and a 200 day moving average price of $136.30. The company has a market cap of $36.38 billion, a PE ratio of 20.89 and a beta of 1.04.
Aon plc Class A (NYSE:AON) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.01. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Aon plc Class A had a net margin of 16.78% and a return on equity of 32.71%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $1.29 EPS. Equities analysts predict that Aon plc Class A will post $6.50 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 1.00%. Aon plc Class A’s dividend payout ratio is currently 21.79%.
About Aon plc Class A
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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