United Services Automobile Association Acquires 6,203 Shares of Aon PLC (AON)

United Services Automobile Association lifted its holdings in shares of Aon PLC (NYSE:AON) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,159 shares of the financial services provider’s stock after buying an additional 6,203 shares during the period. United Services Automobile Association’s holdings in AON were worth $26,013,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. First Mercantile Trust Co. boosted its stake in shares of AON by 18.8% during the 3rd quarter. First Mercantile Trust Co. now owns 1,984 shares of the financial services provider’s stock worth $305,000 after buying an additional 314 shares during the last quarter. Freestone Capital Holdings LLC boosted its stake in shares of AON by 5.9% during the 3rd quarter. Freestone Capital Holdings LLC now owns 6,172 shares of the financial services provider’s stock worth $949,000 after buying an additional 346 shares during the last quarter. Trust Co. of Vermont boosted its stake in shares of AON by 11.2% during the 3rd quarter. Trust Co. of Vermont now owns 3,681 shares of the financial services provider’s stock worth $566,000 after buying an additional 371 shares during the last quarter. Global X Management Co LLC boosted its stake in shares of AON by 11.1% during the 2nd quarter. Global X Management Co LLC now owns 3,835 shares of the financial services provider’s stock worth $526,000 after buying an additional 383 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of AON by 0.9% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 42,278 shares of the financial services provider’s stock worth $5,800,000 after buying an additional 390 shares during the last quarter. Institutional investors own 85.01% of the company’s stock.

In other news, CEO Caroline Grace sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $150.00, for a total transaction of $600,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 12,000 shares of company stock worth $1,860,000 over the last ninety days. Insiders own 0.42% of the company’s stock.

A number of research firms have recently commented on AON. Morgan Stanley increased their price objective on shares of AON from $152.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 14th. Wells Fargo & Co raised their target price on shares of AON from $165.00 to $150.00 and gave the company a “market perform” rating in a research note on Tuesday, November 13th. Barclays raised their target price on shares of AON from $138.00 to $153.00 and gave the company an “equal weight” rating in a research note on Monday, November 12th. Credit Suisse Group set a $162.00 target price on shares of AON and gave the company a “hold” rating in a research note on Tuesday, October 30th. Finally, Sandler O’Neill upgraded shares of AON from a “hold” rating to a “buy” rating in a research note on Monday, October 29th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. AON currently has an average rating of “Hold” and a consensus target price of $160.38.

Shares of AON opened at $164.97 on Tuesday. Aon PLC has a 12 month low of $130.87 and a 12 month high of $166.48. The company has a market cap of $39.77 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.72 and a beta of 0.86. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.31.

AON (NYSE:AON) last announced its earnings results on Friday, October 26th. The financial services provider reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.09. AON had a net margin of 7.06% and a return on equity of 43.96%. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the firm earned $1.29 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts predict that Aon PLC will post 8.13 EPS for the current year.

The firm also recently announced 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. The ex-dividend date of this dividend was Wednesday, October 31st. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. AON’s dividend payout ratio is presently 24.54%.

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About AON

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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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