Massey Quick Simon & CO. LLC Invests $716,000 in Aon PLC (AON)
Massey Quick Simon & CO. LLC acquired a new position in Aon PLC (NYSE:AON) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,900 shares of the financial services provider’s stock, valued at approximately $716,000.
Other large investors have also modified their holdings of the company. Parallel Advisors LLC increased its holdings in Aon PLC by 16.7% in 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 in the last quarter. Fiduciary Trust Co. purchased a new stake in Aon PLC in the 2nd quarter worth approximately $108,000. Magellan Asset Management Ltd increased its holdings in Aon PLC by 110.2% in 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 in the last quarter. Pinnacle Financial Partners Inc. purchased a new stake in Aon PLC in the 2nd quarter worth approximately $126,000. Finally, MPS Loria Financial Planners LLC purchased a new stake in Aon PLC in the 2nd quarter worth approximately $139,000. Hedge funds and other institutional investors own 88.46% of the company’s stock.
AON has been the subject of several analyst reports. Zacks Investment Research raised shares of Aon PLC from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a report on Wednesday, October 25th. Barclays PLC increased their price objective on shares of Aon PLC from $135.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, October 16th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Aon PLC in a report on Tuesday, September 5th. Deutsche Bank AG increased their price objective on shares of Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. Finally, BidaskClub lowered shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. 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’s stock. The company currently has an average rating of “Hold” and an average target price of $144.42.
Shares of Aon PLC (NYSE:AON) traded down $1.36 on Tuesday, reaching $141.89. The company had a trading volume of 971,700 shares, compared to its average volume of 1,079,664. The company has a market capitalization of $35,797.84, a P/E ratio of 21.22, a PEG ratio of 1.86 and a beta of 1.06. Aon PLC has a 12 month low of $109.18 and a 12 month 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 PLC (NYSE:AON) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.29 billion. Aon PLC had a return on equity of 32.71% and a net margin of 16.78%. Aon PLC’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $1.29 earnings per share. sell-side analysts anticipate that Aon PLC will post 6.53 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a $0.36 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.44 dividend on an annualized basis and a yield of 1.01%. Aon PLC’s dividend payout ratio is presently 21.79%.
In related news, EVP John G. Bruno sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $143.24, for a total value of $1,432,400.00. Following the completion of the sale, the executive vice president now directly owns 10,471 shares in the company, valued at $1,499,866.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 30,000 shares of company stock valued at $4,285,200. 0.90% of the stock is owned by corporate insiders.
About Aon PLC
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.
Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon PLC (NYSE:AON).
Receive News & Ratings for Aon PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aon PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.