SPF Beheer BV Purchases New Position in Aon PLC (AON)
SPF Beheer BV purchased a new position in shares of Aon PLC (NYSE:AON) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 577,322 shares of the financial services provider’s stock, valued at approximately $84,347,000. Aon PLC accounts for approximately 3.6% of SPF Beheer BV’s portfolio, making the stock its 7th biggest holding. SPF Beheer BV owned approximately 0.23% of Aon PLC at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake 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 purchasing an additional 106 shares during the period. Fiduciary Trust Co. bought a new stake in shares of Aon PLC during the 2nd quarter valued at about $108,000. Magellan Asset Management Ltd boosted its position in shares of Aon PLC by 110.2% during the 2nd quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 444 shares during the last quarter. Pinnacle Financial Partners Inc. bought a new stake in shares of Aon PLC during the 2nd quarter valued at about $126,000. Finally, MPS Loria Financial Planners LLC bought a new stake in shares of Aon PLC during the 2nd quarter valued at about $139,000. Institutional investors own 88.74% of the company’s stock.
A number of analysts have recently issued reports on AON shares. Jefferies Group LLC reiterated a “buy” rating on shares of Aon PLC in a research report on Tuesday, September 5th. ValuEngine raised Aon PLC from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub cut Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Citigroup Inc. raised their price objective on Aon PLC from $155.00 to $159.00 and gave the company a “buy” rating in a report on Monday, August 7th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $154.00 price objective on shares of Aon PLC in a report on Monday, October 16th. One 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’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $144.42.
Aon PLC (NYSE AON) traded up $0.87 during midday trading on Tuesday, hitting $142.05. The company had a trading volume of 1,031,800 shares, compared to its average volume of 1,076,700. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.08. Aon PLC has a one year low of $109.82 and a one year high of $152.78. The company has a market capitalization of $35,280.00, a price-to-earnings ratio of 20.92, a PEG ratio of 1.83 and a beta of 1.06.
Aon PLC (NYSE:AON) last released its earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.01. Aon PLC had a return on equity of 32.71% and a net margin of 16.78%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. research analysts predict that Aon PLC will post 6.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Tuesday, October 31st. Aon PLC’s dividend payout ratio is currently 37.60%.
In other news, CEO Eric Andersen sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $143.52, for a total value of $1,435,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 40,000 shares of company stock valued at $5,720,400 in the last 90 days. Company insiders own 0.90% of the company’s stock.
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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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