Commerzbank Aktiengesellschaft FI Has $779,000 Holdings in Aon PLC (AON)
Commerzbank Aktiengesellschaft FI boosted its stake in Aon PLC (NYSE:AON) by 130.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,332 shares of the financial services provider’s stock after buying an additional 3,015 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in AON were worth $779,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. OMERS ADMINISTRATION Corp acquired a new stake in AON in the second quarter worth $1,600,000. Swiss National Bank increased its position in AON by 2.8% in the second quarter. Swiss National Bank now owns 990,371 shares of the financial services provider’s stock worth $131,670,000 after buying an additional 27,000 shares during the period. Davis R M Inc. increased its position in AON by 1.6% in the third quarter. Davis R M Inc. now owns 163,307 shares of the financial services provider’s stock worth $23,859,000 after buying an additional 2,501 shares during the period. New York State Common Retirement Fund increased its position in 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 worth $151,999,000 after buying an additional 158,175 shares during the period. Finally, Nomura Holdings Inc. increased its position in AON by 603.8% in the second quarter. Nomura Holdings Inc. now owns 23,184 shares of the financial services provider’s stock worth $3,083,000 after buying an additional 19,890 shares during the period. 87.66% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO John Zern sold 17,680 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $139.79, for a total transaction of $2,471,487.20. Following the completion of the transaction, the chief executive officer now owns 27,695 shares of the company’s stock, valued at $3,871,484.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael J. O’connor sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total value of $1,450,000.00. Following the transaction, the chief executive officer now directly owns 123,805 shares of the company’s stock, valued at approximately $17,951,725. The disclosure for this sale can be found here. Insiders have sold 51,680 shares of company stock valued at $7,353,887 in the last ninety days. Company insiders own 0.90% of the company’s stock.
Several equities research analysts have weighed in on AON shares. Jefferies Group increased their target price on AON from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. ValuEngine raised AON from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered AON from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Zacks Investment Research raised AON from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $154.00 price target on shares of AON in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $145.08.
Aon PLC (AON) opened at $138.49 on Friday. The company has a market capitalization of $34,600.84, a price-to-earnings ratio of 20.51, a PEG ratio of 1.80 and a beta of 1.04. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.08. Aon PLC has a fifty-two week low of $109.82 and a fifty-two week high of $152.78.
AON (NYSE:AON) last announced its earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.01. AON had a return on equity of 32.71% and a net margin of 16.78%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the business posted $1.29 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. sell-side analysts predict that Aon PLC will post 6.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid 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 1.04%. AON’s dividend payout ratio is currently 21.79%.
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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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