1,500 Shares in Aon PLC (AON) Purchased by Morse Asset Management Inc
Morse Asset Management Inc acquired a new stake in shares of Aon PLC (NYSE:AON) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,500 shares of the financial services provider’s stock, valued at approximately $219,000.
Several other hedge funds and other institutional investors have also modified their holdings of AON. Atria Investments LLC grew its holdings in shares of Aon PLC by 2.4% during the second quarter. Atria Investments LLC now owns 8,841 shares of the financial services provider’s stock valued at $1,175,000 after buying an additional 208 shares during the last quarter. Capital Investment Advisors LLC purchased a new position in Aon PLC during the second quarter worth about $220,000. Bank of Montreal Can boosted its holdings in Aon PLC by 86.5% during the second quarter. Bank of Montreal Can now owns 266,601 shares of the financial services provider’s stock worth $35,445,000 after purchasing an additional 123,654 shares during the last quarter. Gateway Investment Advisers LLC boosted its holdings in Aon PLC by 3.0% during the second quarter. Gateway Investment Advisers LLC now owns 224,226 shares of the financial services provider’s stock worth $29,811,000 after purchasing an additional 6,521 shares during the last quarter. Finally, Pennsylvania Trust Co boosted its holdings in Aon PLC by 54.2% during the second quarter. Pennsylvania Trust Co now owns 95,847 shares of the financial services provider’s stock worth $12,743,000 after purchasing an additional 33,701 shares during the last quarter. Hedge funds and other institutional investors own 84.52% of the company’s stock.
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Several research analysts recently weighed in on AON shares. Royal Bank Of Canada restated a “hold” rating and set a $143.00 price target on shares of Aon PLC in a report on Wednesday, September 6th. Jefferies Group LLC boosted their price target on shares of Aon PLC from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Wells Fargo & Company boosted their price target on shares of Aon PLC from $138.00 to $143.00 and gave the stock a “market perform” rating in a report on Monday, October 30th. Deutsche Bank AG boosted their price target on shares of Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Aon PLC from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Aon PLC has an average rating of “Hold” and a consensus price target of $144.42.
In related news, CEO Michael J. O’connor sold 10,000 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $145.00, for a total value of $1,450,000.00. Following the completion of the transaction, the chief executive officer now owns 123,805 shares of the company’s stock, valued at $17,951,725. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by company insiders.
Aon PLC (NYSE:AON) traded down $4.20 on Friday, reaching $138.64. 1,614,190 shares of the company’s stock were exchanged, compared to its average volume of 1,072,043. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.35 and a quick ratio of 3.28. The stock has a market capitalization of $34.73 billion, a PE ratio of 20.59, a PEG ratio of 1.80 and a beta of 1.06.
Aon PLC (NYSE:AON) last posted its earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Aon PLC had a return on equity of 32.71% and a net margin of 16.78%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the firm earned $1.29 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities research analysts predict that Aon PLC will post 6.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.04%. Aon PLC’s dividend payout ratio (DPR) is currently 21.79%.
Aon PLC Profile
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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