Nwam LLC acquired a new stake in shares of Aon PLC (NYSE:AON) during the 4th quarter, HoldingsChannel reports. The firm acquired 1,710 shares of the financial services provider’s stock, valued at approximately $249,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CHICAGO TRUST Co NA acquired a new position in shares of AON during the third quarter valued at about $208,000. Baird Financial Group Inc. acquired a new position in shares of AON during the third quarter valued at about $333,000. Rampart Investment Management Company LLC raised its holdings in shares of AON by 6.8% during the third quarter. Rampart Investment Management Company LLC now owns 22,086 shares of the financial services provider’s stock valued at $379,166,000 after purchasing an additional 1,407 shares during the period. Advanced Asset Management Advisors Inc acquired a new position in shares of AON during the third quarter valued at about $601,000. Finally, Credit Suisse AG raised its holdings in shares of AON by 9.1% during the third quarter. Credit Suisse AG now owns 390,822 shares of the financial services provider’s stock valued at $60,101,000 after purchasing an additional 32,663 shares during the period. Hedge funds and other institutional investors own 84.83% of the company’s stock.
In other AON news, CEO Caroline Grace sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $160.00, for a total value of $640,000.00. Following the completion of the sale, the chief executive officer now directly owns 41,796 shares of the company’s stock, valued at approximately $6,687,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.42% of the company’s stock.
AON (NYSE:AON) last posted its earnings results on Friday, February 1st. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $2.13 by $0.03. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.82 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 down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.35 earnings per share. On average, equities analysts predict that Aon PLC will post 9.21 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, January 31st. AON’s payout ratio is 19.61%.
Several equities research analysts have recently commented on the stock. Wells Fargo & Co boosted their target price on shares of AON from $165.00 to $150.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 13th. Zacks Investment Research raised shares of AON from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research report on Monday, December 31st. Barclays boosted their target price on shares of AON from $138.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Monday, November 12th. Sandler O’Neill raised shares of AON from a “hold” rating to a “buy” rating in a research report on Monday, October 29th. Finally, Goldman Sachs Group downgraded shares of AON from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $171.00 to $163.00 in a research report on Tuesday, January 8th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $165.67.
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.
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