Capital Guardian Trust Co. Has $64.26 Million Stake in Aon PLC (AON)
Capital Guardian Trust Co. decreased its holdings in shares of Aon PLC (NYSE:AON) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 439,809 shares of the financial services provider’s stock after selling 1,273 shares during the quarter. AON comprises about 1.1% of Capital Guardian Trust Co.’s investment portfolio, making the stock its 27th biggest position. Capital Guardian Trust Co. owned about 0.18% of AON worth $64,256,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Rothschild Asset Management Inc. acquired a new position in AON in the second quarter valued at $466,000. IFP Advisors Inc boosted its holdings in AON by 2.9% in the second quarter. IFP Advisors Inc now owns 3,389 shares of the financial services provider’s stock valued at $451,000 after acquiring an additional 94 shares during the last quarter. Trexquant Investment LP acquired a new position in AON in the second quarter valued at $253,000. Schwab Charles Investment Management Inc. boosted its holdings in AON by 5.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 885,228 shares of the financial services provider’s stock valued at $117,692,000 after acquiring an additional 44,219 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in AON by 9.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 71,543 shares of the financial services provider’s stock valued at $9,618,000 after acquiring an additional 6,417 shares during the last quarter. Institutional investors and hedge funds own 87.66% of the company’s stock.
In other news, SVP Laurel G. Meissner sold 4,000 shares of AON stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $141.20, for a total transaction of $564,800.00. Following the sale, the senior vice president now directly owns 12,314 shares of the company’s stock, valued at $1,738,736.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael J. O’connor sold 10,000 shares of AON 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 directly owns 123,805 shares in the company, valued at $17,951,725. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,680 shares of company stock worth $7,353,887. 0.90% of the stock is currently owned by insiders.
A number of research analysts recently weighed in on AON shares. Royal Bank Of Canada reiterated a “hold” rating and issued a $143.00 target price on shares of AON in a report on Wednesday, September 6th. Wells Fargo & Company lifted their target price on AON from $138.00 to $143.00 and gave the company a “market perform” rating in a report on Monday, October 30th. Jefferies Group lifted their target price on AON from $162.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 30th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $158.00 target price on shares of AON in a report on Wednesday. Finally, Zacks Investment Research upgraded AON from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a report on Wednesday, October 25th. One 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.
Aon PLC (NYSE:AON) opened at $138.49 on Friday. The company has a market capitalization of $34,608.38, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.80 and a beta of 1.04. Aon PLC has a one year low of $109.82 and a one year 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.
AON (NYSE:AON) last issued its quarterly earnings data 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. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.29 billion. AON had a return on equity of 32.71% and a net margin of 16.78%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 earnings per share. sell-side analysts expect that Aon PLC will post 6.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Tuesday, October 31st. AON’s dividend payout ratio 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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