KBC Group NV Has $4.60 Million Position in Aon PLC (AON)
KBC Group NV boosted its position in Aon PLC (NYSE:AON) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,489 shares of the financial services provider’s stock after acquiring an additional 2,490 shares during the quarter. KBC Group NV’s holdings in AON were worth $4,601,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of AON. Parallel Advisors LLC increased its stake in AON by 16.7% in the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 106 shares during the last quarter. Fiduciary Trust Co. purchased a new position in AON in the second quarter valued at approximately $108,000. Magellan Asset Management Ltd increased its stake in AON by 110.2% in the second quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 444 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new position in AON in the second quarter valued at approximately $126,000. Finally, MPS Loria Financial Planners LLC purchased a new position in AON in the second quarter valued at approximately $139,000. 87.66% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $158.00 target price on shares of AON in a research report on Wednesday. BidaskClub downgraded AON from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Goldman Sachs Group initiated coverage on AON in a report on Monday. They issued a “neutral” rating and a $149.00 target price for the company. Zacks Investment Research cut AON from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $143.00 price target on shares of AON in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $145.08.
In other AON 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 transaction, the senior vice president now directly owns 12,314 shares in the company, valued at $1,738,736.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John Zern sold 17,680 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $139.79, for a total value of $2,471,487.20. Following the completion of the sale, the chief executive officer now owns 27,695 shares in the company, valued at $3,871,484.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,680 shares of company stock valued at $7,353,887. 0.90% of the stock is owned by insiders.
Shares of Aon PLC (AON) opened at $139.11 on Thursday. Aon PLC has a twelve month low of $109.82 and a twelve month high of $152.78. The firm has a market capitalization of $34,795.75, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.81 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 (NYSE:AON) last released its earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.01. The company had revenue of $2.34 billion during 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 business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $1.29 EPS. equities analysts anticipate that Aon PLC will post 6.53 earnings per share for the current fiscal year.
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.04%. AON’s dividend payout ratio (DPR) is presently 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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