Oppenheimer & Co. Inc. Takes Position in Aon PLC (NYSE:AON)

Oppenheimer & Co. Inc. acquired a new stake in shares of Aon PLC (NYSE:AON) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,774 shares of the financial services provider’s stock, valued at approximately $342,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC raised its position in shares of AON by 12.7% during the second quarter. CWM LLC now owns 506 shares of the financial services provider’s stock valued at $98,000 after buying an additional 57 shares during the last quarter. Cornerstone Advisors Inc. raised its position in AON by 3.7% in the second quarter. Cornerstone Advisors Inc. now owns 1,637 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 59 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in AON by 1.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,320 shares of the financial services provider’s stock worth $641,000 after purchasing an additional 60 shares in the last quarter. Park Avenue Securities LLC raised its position in AON by 5.5% in the second quarter. Park Avenue Securities LLC now owns 1,218 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 63 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in AON by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,735 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 65 shares in the last quarter. 85.83% of the stock is owned by institutional investors and hedge funds.

In other AON news, COO John G. Bruno sold 7,600 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $192.30, for a total transaction of $1,461,480.00. Following the sale, the chief operating officer now directly owns 46,252 shares of the company’s stock, valued at $8,894,259.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Neller sold 750 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $193.29, for a total transaction of $144,967.50. Following the sale, the insider now directly owns 2,192 shares in the company, valued at $423,691.68. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

AON stock traded up $1.44 during trading hours on Thursday, hitting $189.82. 23,127 shares of the stock were exchanged, compared to its average volume of 944,737. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $45.62 billion, a P/E ratio of 23.26, a P/E/G ratio of 1.78 and a beta of 0.86. Aon PLC has a 12 month low of $135.30 and a 12 month high of $198.61. The business’s 50-day moving average is $191.77 and its two-hundred day moving average is $183.25.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, July 26th. The financial services provider reported $1.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.88 by ($0.01). The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.69 billion. AON had a return on equity of 48.75% and a net margin of 13.14%. AON’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.71 earnings per share. On average, equities analysts predict that Aon PLC will post 9.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.44 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.76 annualized dividend and a yield of 0.93%. AON’s dividend payout ratio is 21.57%.

Several research analysts recently issued reports on the stock. Wells Fargo & Co reissued a “hold” rating and issued a $195.00 price target on shares of AON in a research report on Friday, July 26th. Morgan Stanley increased their price target on shares of AON from $197.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. MKM Partners raised shares of AON to a “buy” rating and increased their price target for the stock from $210.00 to $225.00 in a research report on Monday, June 24th. Barclays set a $190.00 price target on shares of AON and gave the stock a “hold” rating in a research report on Monday, August 12th. Finally, Atlantic Securities lowered shares of AON from an “overweight” rating to a “neutral” rating and set a $190.00 price target for the company. in a research report on Friday, June 14th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $186.64.

About AON

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.

Featured Article: Trading Strategy Methods and Types

Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon PLC (NYSE:AON).

Institutional Ownership by Quarter for AON (NYSE:AON)

Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit