Aon PLC (AON) Stake Lessened by Achmea Investment Management B.V.
Achmea Investment Management B.V. decreased its holdings in Aon PLC (NYSE:AON) by 65.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,770 shares of the financial services provider’s stock after selling 8,898 shares during the period. Achmea Investment Management B.V.’s holdings in AON were worth $696,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of AON. Parallel Advisors LLC grew its position in AON by 16.7% during the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 106 shares during the last quarter. Fiduciary Trust Co. bought a new stake in AON during the 2nd quarter worth $108,000. Magellan Asset Management Ltd grew its position in AON by 110.2% during the 2nd quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 444 shares during the last quarter. Pinnacle Financial Partners Inc. bought a new stake in AON during the 2nd quarter worth $126,000. Finally, MPS Loria Financial Planners LLC bought a new stake in AON during the 2nd quarter worth $139,000. Institutional investors own 87.67% of the company’s stock.
In other AON news, CEO Michael J. O’connor sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $145.00, for a total value of $1,450,000.00. Following the sale, the chief executive officer now owns 123,805 shares in the company, valued at approximately $17,951,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 40,000 shares of company stock worth $5,720,400 in the last quarter. Corporate insiders own 0.90% of the company’s stock.
A number of equities research analysts recently weighed in on AON shares. Zacks Investment Research upgraded AON from a “hold” rating to a “buy” rating and set a $171.00 price objective on the stock in a research report on Wednesday, October 25th. Barclays boosted their price objective on AON from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, October 16th. Jefferies Group restated a “buy” rating on shares of AON in a research report on Tuesday, September 5th. Deutsche Bank boosted their price objective on AON from $113.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Finally, Wells Fargo & Company boosted their price objective on AON from $138.00 to $143.00 and gave the stock a “market perform” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. AON presently has a consensus rating of “Hold” and a consensus price target of $144.42.
Shares of Aon PLC (AON) opened at $142.24 on Friday. Aon PLC has a 52-week low of $109.82 and a 52-week high of $152.78. The company has a market capitalization of $35,040.66, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.35 and a quick ratio of 2.35.
AON (NYSE:AON) last released its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. AON had a return on equity of 32.71% and a net margin of 16.78%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the company posted $1.29 EPS. The business’s revenue was up 6.3% on a year-over-year basis. equities research analysts expect that Aon PLC will post 6.53 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a $0.36 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.01%. AON’s dividend payout ratio (DPR) is presently 21.79%.
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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