Cohen Klingenstein LLC Makes New Investment in Aon PLC (NYSE:AON)

Cohen Klingenstein LLC acquired a new position in shares of Aon PLC (NYSE:AON) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,000 shares of the financial services provider’s stock, valued at approximately $968,000.

A number of other large investors have also recently made changes to their positions in the business. NEXT Financial Group Inc bought a new stake in shares of AON in the 2nd quarter valued at about $25,000. Cerebellum GP LLC bought a new stake in shares of AON in the 3rd quarter valued at about $28,000. Massey Quick Simon & CO. LLC bought a new stake in shares of AON in the 2nd quarter valued at about $31,000. Capital Investment Advisory Services LLC bought a new stake in shares of AON in the 2nd quarter valued at about $37,000. Finally, AdvisorNet Financial Inc increased its stake in shares of AON by 54.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 210 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 74 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

In other AON news, insider Behets Robert 3,000,000 shares of the firm’s stock in a transaction dated Friday, October 11th. Also, COO John G. Bruno sold 7,600 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $192.30, for a total value of $1,461,480.00. Following the transaction, the chief operating officer now directly owns 46,252 shares of the company’s stock, valued at approximately $8,894,259.60. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.

Shares of AON opened at $193.27 on Friday. 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 50 day simple moving average of $192.15 and a 200 day simple moving average of $187.43. Aon PLC has a 52-week low of $135.30 and a 52-week high of $198.61. The firm has a market capitalization of $45.35 billion, a PE ratio of 23.69, a P/E/G ratio of 1.77 and a beta of 0.85.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, July 26th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.88 by ($0.01). AON had a net margin of 13.14% and a return on equity of 48.75%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the firm posted $1.71 earnings per share. AON’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts predict that Aon PLC will post 9.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.44 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.76 annualized dividend and a dividend yield of 0.91%. AON’s dividend payout ratio is presently 21.57%.

A number of brokerages have recently commented on AON. Morgan Stanley upped their price target on AON from $197.00 to $200.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. UBS Group upped their price target on AON from $181.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Barclays set a $190.00 price target on AON and gave the company a “hold” rating in a research note on Monday, August 12th. MKM Partners raised AON to a “buy” rating and upped their price target for the company from $210.00 to $225.00 in a research note on Monday, June 24th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and issued a $195.00 price target on shares of AON in a research note on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $187.30.

AON Company Profile

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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Institutional Ownership by Quarter for AON (NYSE:AON)

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