Aon PLC (AON) Shares Sold by New Mexico Educational Retirement Board
New Mexico Educational Retirement Board lessened its stake in shares of Aon PLC (NYSE:AON) by 2.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,895 shares of the financial services provider’s stock after selling 500 shares during the period. New Mexico Educational Retirement Board’s holdings in AON were worth $3,491,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AON. OMERS ADMINISTRATION Corp purchased a new position in shares of AON in the second quarter worth about $1,600,000. Swiss National Bank boosted its position in shares of AON by 2.8% in the second quarter. Swiss National Bank now owns 990,371 shares of the financial services provider’s stock valued at $131,670,000 after acquiring an additional 27,000 shares during the period. Davis R M Inc. boosted its position in shares of AON by 1.6% in the third quarter. Davis R M Inc. now owns 163,307 shares of the financial services provider’s stock valued at $23,859,000 after acquiring an additional 2,501 shares during the period. New York State Common Retirement Fund boosted its position in shares of AON by 16.1% in the second quarter. New York State Common Retirement Fund now owns 1,143,276 shares of the financial services provider’s stock valued at $151,999,000 after acquiring an additional 158,175 shares during the period. Finally, Nomura Holdings Inc. boosted its position in shares of AON by 603.8% in the second quarter. Nomura Holdings Inc. now owns 23,184 shares of the financial services provider’s stock valued at $3,083,000 after acquiring an additional 19,890 shares during the period. Institutional investors and hedge funds own 87.66% of the company’s stock.
A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $158.00 price objective on shares of AON in a research report on Wednesday, December 6th. ValuEngine lowered shares of AON from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Goldman Sachs Group assumed coverage on shares of AON in a research report on Monday, December 4th. They issued a “neutral” rating and a $149.00 price objective for the company. BidaskClub lowered shares of AON from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Finally, Jefferies Group restated a “buy” rating and issued a $162.00 price objective on shares of AON in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $145.08.
Shares of Aon PLC (NYSE:AON) opened at $136.58 on Friday. Aon PLC has a 1 year low of $109.82 and a 1 year high of $152.78. The stock has a market cap of $34,126.03, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.35 and a current ratio of 2.35.
AON (NYSE:AON) last announced its earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. AON had a net margin of 16.78% and a return on equity of 32.71%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the business posted $1.29 earnings per share. AON’s revenue for the quarter was up 6.3% on a year-over-year basis. equities research analysts anticipate that Aon PLC will post 6.53 EPS for the current year.
The business also recently announced 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 was Tuesday, October 31st. This represents a $1.44 annualized dividend and a yield of 1.05%. AON’s payout ratio is presently 21.79%.
In other AON news, CEO Michael J. O’connor sold 10,000 shares of AON stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the completion of the sale, the chief executive officer now directly owns 123,805 shares in the company, valued at $17,951,725. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Laurel G. Meissner sold 4,000 shares of AON stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $141.20, for a total transaction of $564,800.00. Following the sale, the senior vice president now owns 12,314 shares of the company’s stock, valued at $1,738,736.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,680 shares of company stock valued at $7,353,887. 0.90% of the stock is currently owned by company insiders.
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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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