Aon PLC (AON) Shares Sold by Ameriprise Financial Inc.
Ameriprise Financial Inc. reduced its holdings in shares of Aon PLC (NYSE:AON) by 4.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,653,673 shares of the financial services provider’s stock after selling 164,422 shares during the period. Ameriprise Financial Inc. owned about 1.46% of Aon PLC worth $533,772,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Aon PLC by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 17,812,319 shares of the financial services provider’s stock worth $2,368,149,000 after purchasing an additional 415,363 shares during the period. BlackRock Inc. increased its holdings in Aon PLC by 0.6% during the 2nd quarter. BlackRock Inc. now owns 15,663,729 shares of the financial services provider’s stock worth $2,082,493,000 after purchasing an additional 100,762 shares during the period. Longview Partners Guernsey LTD increased its holdings in Aon PLC by 4.5% during the 3rd quarter. Longview Partners Guernsey LTD now owns 7,001,377 shares of the financial services provider’s stock worth $1,022,901,000 after purchasing an additional 301,300 shares during the period. Mawer Investment Management Ltd. increased its holdings in Aon PLC by 2.5% during the 2nd quarter. Mawer Investment Management Ltd. now owns 5,131,164 shares of the financial services provider’s stock worth $682,188,000 after purchasing an additional 122,803 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in Aon PLC by 1,108.1% during the 2nd quarter. Janus Henderson Group PLC now owns 3,180,268 shares of the financial services provider’s stock worth $422,814,000 after purchasing an additional 2,917,018 shares during the period. 88.74% of the stock is owned by hedge funds and other institutional investors.
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Shares of Aon PLC (AON) opened at $141.44 on Wednesday. Aon PLC has a 52-week low of $109.82 and a 52-week high of $152.78. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $35,497.97, a PE ratio of 21.04, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06.
Aon PLC (NYSE:AON) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.01. Aon PLC had a return on equity of 32.71% and a net margin of 16.78%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. equities analysts forecast that Aon PLC will post 6.53 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.44 dividend on an annualized basis and a yield of 1.02%. Aon PLC’s dividend payout ratio is currently 21.79%.
In other news, CEO Eric Andersen sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $143.52, for a total value of $1,435,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 40,000 shares of company stock valued at $5,720,400. 0.90% of the stock is currently owned by insiders.
AON has been the topic of several research reports. BidaskClub downgraded Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Wells Fargo & Company reiterated a “hold” rating on shares of Aon PLC in a report on Friday, August 4th. Royal Bank Of Canada reiterated a “hold” rating and issued a $143.00 price target on shares of Aon PLC in a report on Sunday, August 6th. Citigroup Inc. lifted their price target on Aon PLC from $155.00 to $159.00 and gave the company a “buy” rating in a report on Monday, August 7th. Finally, Deutsche Bank AG lifted their price target on Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $144.42.
Aon PLC Company 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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