Aon plc $AON Shares Bought by Capital International Sarl

Capital International Sarl increased its position in shares of Aon plc (NYSE:AON) by 6.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 84,764 shares of the financial services provider’s stock after purchasing an additional 5,502 shares during the period. Capital International Sarl’s holdings in AON were worth $30,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of AON. Matrix Trust Co lifted its position in shares of AON by 7.1% in the 3rd quarter. Matrix Trust Co now owns 422 shares of the financial services provider’s stock worth $150,000 after buying an additional 28 shares during the last quarter. Busey Bank raised its stake in AON by 0.3% during the third quarter. Busey Bank now owns 9,565 shares of the financial services provider’s stock worth $3,411,000 after acquiring an additional 33 shares during the period. Westpac Banking Corp lifted its holdings in AON by 5.6% in the third quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock worth $221,000 after acquiring an additional 33 shares during the last quarter. Mill Creek Capital Advisors LLC boosted its stake in AON by 5.9% in the third quarter. Mill Creek Capital Advisors LLC now owns 615 shares of the financial services provider’s stock valued at $219,000 after acquiring an additional 34 shares during the period. Finally, KCM Investment Advisors LLC grew its holdings in shares of AON by 5.6% during the third quarter. KCM Investment Advisors LLC now owns 636 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 34 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Darren Zeidel sold 5,040 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $325.79, for a total transaction of $1,641,981.60. Following the sale, the general counsel owned 20,254 shares of the company’s stock, valued at $6,598,550.66. The trade was a 19.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lester B. Knight purchased 4,000 shares of the stock in a transaction dated Tuesday, February 10th. The shares were purchased at an average price of $319.24 per share, for a total transaction of $1,276,960.00. Following the completion of the transaction, the director owned 143,000 shares in the company, valued at $45,651,320. This trade represents a 2.88% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AON shares. Wells Fargo & Company cut their price target on AON from $448.00 to $443.00 and set an “overweight” rating on the stock in a report on Sunday, February 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AON in a research report on Monday, December 29th. The Goldman Sachs Group set a $395.00 price target on shares of AON in a report on Wednesday, January 7th. JPMorgan Chase & Co. lowered their price target on shares of AON from $433.00 to $406.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Finally, Citigroup boosted their target price on shares of AON from $402.00 to $412.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $408.94.

AON Trading Down 2.2%

Shares of AON stock opened at $333.08 on Tuesday. Aon plc has a 1 year low of $304.59 and a 1 year high of $407.07. The firm has a market capitalization of $71.37 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82. The stock has a fifty day moving average of $337.13 and a two-hundred day moving average of $347.72. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.03 and a current ratio of 2.03.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 30th. The financial services provider reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.75 by $0.10. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.38 billion. AON had a net margin of 21.51% and a return on equity of 45.23%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.42 earnings per share. As a group, research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a $0.745 dividend. The ex-dividend date was Monday, February 2nd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s dividend payout ratio (DPR) is 17.51%.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.