Aon plc $AON Shares Purchased by Korea Investment CORP

Korea Investment CORP boosted its position in shares of Aon plc (NYSE:AON) by 19.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,553 shares of the financial services provider’s stock after buying an additional 20,043 shares during the quarter. Korea Investment CORP owned approximately 0.06% of AON worth $44,770,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Silver Lake Advisory LLC purchased a new position in shares of AON in the 3rd quarter valued at about $1,292,000. Callan Family Office LLC boosted its position in AON by 220.7% during the third quarter. Callan Family Office LLC now owns 11,675 shares of the financial services provider’s stock worth $4,163,000 after purchasing an additional 8,034 shares in the last quarter. Caprock Group LLC acquired a new stake in AON in the third quarter valued at approximately $1,752,000. Veritas Asset Management LLP increased its position in shares of AON by 19.3% in the third quarter. Veritas Asset Management LLP now owns 2,053,673 shares of the financial services provider’s stock valued at $732,299,000 after buying an additional 332,685 shares in the last quarter. Finally, Savant Capital LLC raised its stake in shares of AON by 64.9% during the 3rd quarter. Savant Capital LLC now owns 19,092 shares of the financial services provider’s stock worth $6,808,000 after buying an additional 7,512 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at AON

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AON. JPMorgan Chase & Co. decreased their target price on AON from $433.00 to $406.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Jefferies Financial Group restated a “buy” rating and set a $408.00 price objective on shares of AON in a research report on Monday, February 2nd. Morgan Stanley set a $400.00 target price on shares of AON in a research report on Tuesday, December 16th. Keefe, Bruyette & Woods boosted their target price on shares of AON from $410.00 to $416.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Finally, Cantor Fitzgerald upped their price target on shares of AON from $393.00 to $412.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Fourteen equities 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 has a consensus rating of “Moderate Buy” and a consensus target price of $408.94.

AON Price Performance

AON stock opened at $340.49 on Monday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.55. The company has a 50-day moving average price of $337.61 and a 200 day moving average price of $348.02. Aon plc has a 12-month low of $304.59 and a 12-month high of $407.07. The stock has a market cap of $72.95 billion, a P/E ratio of 20.01, a PEG ratio of 1.79 and a beta of 0.82.

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

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, February 2nd. AON’s dividend payout ratio is presently 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.