Mn Services Vermogensbeheer B.V. Has $26.71 Million Stake in Aon plc $AON

Mn Services Vermogensbeheer B.V. increased its position in Aon plc (NYSE:AON) by 2.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 75,686 shares of the financial services provider’s stock after buying an additional 2,086 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in AON were worth $26,708,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AON. J.W. Cole Advisors Inc. raised its stake in shares of AON by 3.3% in the second quarter. J.W. Cole Advisors Inc. now owns 1,244 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 40 shares during the last quarter. Lido Advisors LLC raised its stake in shares of AON by 121.6% during the 2nd quarter. Lido Advisors LLC now owns 9,629 shares of the financial services provider’s stock worth $3,435,000 after purchasing an additional 5,283 shares during the period. Edgestream Partners L.P. raised its position in AON by 121.9% in the second quarter. Edgestream Partners L.P. now owns 2,825 shares of the financial services provider’s stock worth $1,008,000 after acquiring an additional 1,552 shares during the period. Fisher Asset Management LLC purchased a new position in AON in the second quarter valued at approximately $276,000. Finally, Quantbot Technologies LP lifted its position in shares of AON by 157.6% during the 2nd quarter. Quantbot Technologies LP now owns 28,657 shares of the financial services provider’s stock valued at $10,224,000 after buying an additional 17,534 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on AON from $433.00 to $406.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a $408.00 price objective on shares of AON in a report on Monday, February 2nd. Citigroup increased their target price on shares of AON from $402.00 to $412.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. TD Cowen reissued a “buy” rating on shares of AON in a research report on Monday, March 16th. Finally, Morgan Stanley set a $400.00 price target on shares of AON in a research note on Tuesday, December 16th. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $406.69.

Insider Activity at AON

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

AON Stock Performance

NYSE:AON opened at $322.62 on Wednesday. The business’s fifty day moving average is $328.50 and its 200 day moving average is $342.27. The firm has a market cap of $69.12 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.77 and a beta of 0.82. 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 plc has a 52-week low of $304.59 and a 52-week high of $401.03.

AON (NYSE:AON) last issued its earnings results on Friday, January 30th. The financial services provider reported $4.85 EPS for the quarter, topping the consensus estimate of $4.75 by $0.10. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. AON had a return on equity of 45.23% and a net margin of 21.51%.The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.42 EPS. Research analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

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

AON 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.