Dynamic Technology Lab Private Ltd Purchases New Stake in Aon PLC (AON)
Dynamic Technology Lab Private Ltd purchased a new stake in shares of Aon PLC (NYSE:AON) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,780 shares of the financial services provider’s stock, valued at approximately $407,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of AON by 16.7% during the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 106 shares in the last quarter. Fiduciary Trust Co. bought a new stake in shares of AON during the second quarter valued at approximately $108,000. Magellan Asset Management Ltd grew its position in AON 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 purchasing an additional 444 shares during the period. Pinnacle Financial Partners Inc. bought a new stake in AON in the 2nd quarter worth approximately $126,000. Finally, MPS Loria Financial Planners LLC bought a new stake in AON in the 2nd quarter worth approximately $139,000. 87.67% of the stock is owned by institutional investors.
A number of equities research analysts have commented on AON shares. Zacks Investment Research raised shares of AON from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a research report on Wednesday, October 25th. Barclays lifted their target price on shares of AON from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, October 16th. Jefferies Group reaffirmed a “buy” rating on shares of AON in a research report on Tuesday, September 5th. Deutsche Bank lifted their target price on shares of AON from $113.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Finally, Wells Fargo & Company lifted their target price on shares of AON from $138.00 to $143.00 and gave the stock a “market perform” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $144.42.
In other news, CEO Michael J. O’connor sold 10,000 shares of AON stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the transaction, the chief executive officer now owns 123,805 shares in the company, valued at approximately $17,367,365.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 40,000 shares of company stock worth $5,720,400 in the last quarter. Corporate insiders own 0.90% of the company’s stock.
Aon PLC (NYSE:AON) opened at $140.47 on Thursday. The firm has a market cap of $34,970.68, a price-to-earnings ratio of 20.73, a PEG ratio of 1.82 and a beta of 1.06. Aon PLC has a one year low of $109.82 and a one year 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 (NYSE:AON) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.01. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.29 billion. AON had a net margin of 16.78% and a return on equity of 32.71%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 EPS. equities research analysts forecast that Aon PLC will post 6.53 earnings per share for the current fiscal 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 dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, October 31st. AON’s dividend payout ratio 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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