Smith Chas P & Associates PA Cpas bought a new position in Aon PLC (NYSE:AON) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,500 shares of the financial services provider’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of 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 during the last quarter. Fiduciary Trust Co. purchased a new stake in Aon PLC in the 2nd quarter valued at about $108,000. Pathstone Family Office LLC increased its stake in Aon PLC by 6,775.0% in the 2nd quarter. Pathstone Family Office LLC now owns 825 shares of the financial services provider’s stock valued at $1,703,000 after buying an additional 813 shares during the last quarter. Magellan Asset Management Ltd increased its stake 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 valued at $113,000 after buying an additional 444 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. purchased a new stake in Aon PLC in the 2nd quarter valued at about $126,000. Institutional investors own 84.52% of the company’s stock.

AON has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Aon PLC from a “hold” rating to a “buy” rating and set a $171.00 price objective for the company in a research note on Wednesday, October 25th. ValuEngine upgraded shares of Aon PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $154.00 price objective on shares of Aon PLC in a research note on Monday, October 16th. BidaskClub upgraded shares of Aon PLC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $143.00 price objective on shares of Aon PLC in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $144.42.

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In other news, CEO Michael J. O’connor sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the completion of the transaction, the chief executive officer now directly owns 123,805 shares of the company’s stock, valued at $17,951,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by insiders.

Aon PLC (NYSE:AON) last released its quarterly earnings data on Friday, October 27th. The financial services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.01. Aon PLC had a net margin of 16.78% and a return on equity of 32.71%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the company earned $1.29 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 1.04%. Aon PLC’s payout ratio is 21.79%.

Aon PLC Profile

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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Institutional Ownership by Quarter for Aon PLC (NYSE:AON)

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