WINTON GROUP Ltd Sells 101,856 Shares of Aon PLC (AON)
WINTON GROUP Ltd trimmed its holdings in shares of Aon PLC (NYSE:AON) by 78.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,886 shares of the financial services provider’s stock after selling 101,856 shares during the quarter. WINTON GROUP Ltd’s holdings in AON were worth $4,074,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC boosted its position in shares of AON by 1,108.1% in the second quarter. Janus Henderson Group PLC now owns 3,180,268 shares of the financial services provider’s stock worth $422,814,000 after purchasing an additional 2,917,018 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of AON by 2,385.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,224,194 shares of the financial services provider’s stock worth $162,757,000 after purchasing an additional 1,174,940 shares during the period. SPF Beheer BV bought a new position in shares of AON in the third quarter worth approximately $84,347,000. APG Asset Management N.V. boosted its position in shares of AON by 139.9% in the third quarter. APG Asset Management N.V. now owns 953,932 shares of the financial services provider’s stock worth $139,369,000 after purchasing an additional 556,300 shares during the period. Finally, Findlay Park Partners LLP bought a new position in shares of AON in the third quarter worth approximately $68,840,000. Institutional investors own 87.67% of the company’s stock.
A number of equities analysts have weighed in on the stock. ValuEngine lowered shares of AON from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub lowered shares of AON from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Barclays upped their price target 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. Sandler O’Neill reiterated a “hold” rating on shares of AON in a research report on Monday, October 30th. Finally, Zacks Investment Research lowered shares of AON from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $144.42.
Shares of Aon PLC (NYSE AON) traded down $0.25 during trading hours on Friday, hitting $140.22. 2,817,200 shares of the company were exchanged, compared to its average volume of 1,084,729. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.08. Aon PLC has a 12-month low of $109.82 and a 12-month high of $152.78. The company has a market capitalization of $34,970.68, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 1.82 and a beta of 1.06.
AON (NYSE:AON) last issued its earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.01. AON 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 analyst estimates of $2.29 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. AON’s revenue for the quarter was up 6.3% on a year-over-year basis. equities research analysts anticipate that Aon PLC will post 6.53 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors 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 dividend on an annualized basis and a dividend yield of 1.03%. AON’s dividend payout ratio is 21.79%.
In related news, CEO Michael J. O’connor sold 10,000 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 123,805 shares in the company, valued at $17,367,365.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 40,000 shares of company stock valued at $5,720,400. 0.90% of the stock is owned by company insiders.
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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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