Bessemer Group Inc. Reduces Holdings in Aon PLC (AON)
Bessemer Group Inc. trimmed its holdings in shares of Aon PLC (NYSE:AON) by 93.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,698 shares of the financial services provider’s stock after selling 65,960 shares during the period. Bessemer Group Inc.’s holdings in Aon PLC were worth $687,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in AON. State of Alaska Department of Revenue increased its holdings in shares of Aon PLC by 23.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,103 shares of the financial services provider’s stock worth $545,000 after acquiring an additional 770 shares during the period. Aperio Group LLC increased its holdings in shares of Aon PLC by 11.9% in the 2nd quarter. Aperio Group LLC now owns 138,213 shares of the financial services provider’s stock worth $18,375,000 after acquiring an additional 14,727 shares during the period. Tesco Pension Investment Ltd increased its holdings in shares of Aon PLC by 4.2% in the 2nd quarter. Tesco Pension Investment Ltd now owns 1,530,405 shares of the financial services provider’s stock worth $203,467,000 after acquiring an additional 61,907 shares during the period. Forsta AP Fonden increased its holdings in shares of Aon PLC by 5.2% in the 2nd quarter. Forsta AP Fonden now owns 76,510 shares of the financial services provider’s stock worth $10,172,000 after acquiring an additional 3,800 shares during the period. Finally, APG Asset Management N.V. increased its holdings in shares of Aon PLC by 1.2% in the 2nd quarter. APG Asset Management N.V. now owns 397,632 shares of the financial services provider’s stock worth $52,865,000 after acquiring an additional 4,800 shares during the period. 88.46% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP John G. Bruno sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $143.24, for a total transaction of $1,432,400.00. Following the completion of the transaction, the executive vice president now owns 10,471 shares in the company, valued at approximately $1,499,866.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 40,000 shares of company stock valued at $5,720,400. Insiders own 0.90% of the company’s stock.
AON has been the topic of a number of analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $162.00 price objective (up previously from $146.00) on shares of Aon PLC in a report on Monday, July 24th. BidaskClub cut shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Wells Fargo & Company reaffirmed a “hold” rating on shares of Aon PLC in a report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $143.00 price objective on shares of Aon PLC in a report on Sunday, August 6th. Finally, Citigroup Inc. increased their price objective on shares of Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $144.42.
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Aon PLC (NYSE:AON) opened at $141.28 on Friday. Aon PLC has a 12-month low of $109.82 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. The firm has a market cap of $35,692.89, a PE ratio of 21.16, a PEG ratio of 1.86 and a beta of 1.06.
Aon PLC (NYSE:AON) last posted its quarterly earnings data 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 PLC had a net margin of 16.78% and a return on equity of 32.71%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. sell-side analysts expect that Aon PLC will post 6.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 1.02%. Aon PLC’s dividend payout ratio (DPR) is 21.79%.
Aon PLC Company 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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