Janney Montgomery Scott LLC Has $721,000 Stake in Aon PLC (NYSE:AON)

Janney Montgomery Scott LLC boosted its holdings in Aon PLC (NYSE:AON) by 20.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,727 shares of the financial services provider’s stock after purchasing an additional 624 shares during the quarter. Janney Montgomery Scott LLC’s holdings in AON were worth $721,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. NEXT Financial Group Inc bought a new stake in AON during the 2nd quarter worth approximately $25,000. Cerebellum GP LLC purchased a new stake in AON during the 3rd quarter valued at approximately $28,000. Massey Quick Simon & CO. LLC purchased a new stake in AON during the 2nd quarter valued at approximately $31,000. Capital Investment Advisory Services LLC purchased a new stake in AON during the 2nd quarter valued at approximately $37,000. Finally, Venturi Wealth Management LLC purchased a new stake in AON during the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 86.06% of the company’s stock.

AON has been the topic of several research reports. ValuEngine lowered AON from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Morgan Stanley boosted their price objective on shares of AON from $197.00 to $200.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Barclays set a $190.00 price objective on shares of AON and gave the stock a “hold” rating in a report on Monday, August 12th. Wells Fargo & Co restated a “hold” rating and set a $195.00 price objective on shares of AON in a report on Friday, July 26th. Finally, UBS Group boosted their price objective on shares of AON from $181.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. AON has a consensus rating of “Hold” and an average price target of $190.11.

In related news, insider Michael Neller sold 750 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $193.29, for a total value of $144,967.50. Following the sale, the insider now owns 2,192 shares of the company’s stock, valued at $423,691.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony R. Goland sold 1,703 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $194.79, for a total transaction of $331,727.37. Following the completion of the sale, the insider now directly owns 15,589 shares in the company, valued at approximately $3,036,581.31. The disclosure for this sale can be found here. In the last three months, insiders sold 15,053 shares of company stock worth $2,906,175. 0.92% of the stock is currently owned by insiders.

NYSE AON traded down $0.19 on Tuesday, reaching $194.19. The company’s stock had a trading volume of 140,588 shares, compared to its average volume of 883,431. The firm has a market cap of $45.56 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 1.78 and a beta of 0.86. The business has a 50-day moving average price of $192.12 and a 200 day moving average price of $189.69. Aon PLC has a 52 week low of $135.30 and a 52 week high of $198.61. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.72.

AON (NYSE:AON) last posted its earnings results on Friday, October 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.02. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.46 billion. AON had a net margin of 13.79% and a return on equity of 51.63%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 earnings per share. Analysts anticipate that Aon PLC will post 9.15 earnings per share for the current fiscal year.

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

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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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