Aon PLC (AON) Shares Sold by NWQ Investment Management Company LLC
NWQ Investment Management Company LLC lowered its position in Aon PLC (NYSE:AON) by 24.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 599,987 shares of the financial services provider’s stock after selling 190,385 shares during the quarter. AON accounts for approximately 1.1% of NWQ Investment Management Company LLC’s holdings, making the stock its 18th biggest holding. NWQ Investment Management Company LLC owned 0.24% of AON worth $87,658,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Allianz Asset Management GmbH grew its position in shares of AON by 0.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 59,024 shares of the financial services provider’s stock worth $8,623,000 after acquiring an additional 542 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in AON by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 25,460 shares of the financial services provider’s stock worth $3,735,000 after acquiring an additional 500 shares during the period. Engineers Gate Manager LP boosted its position in AON by 35.5% during the 3rd quarter. Engineers Gate Manager LP now owns 8,986 shares of the financial services provider’s stock worth $1,313,000 after acquiring an additional 2,352 shares during the period. Invictus RG boosted its position in AON by 47.6% during the 3rd quarter. Invictus RG now owns 5,293 shares of the financial services provider’s stock worth $773,000 after acquiring an additional 1,707 shares during the period. Finally, BB&T Investment Services Inc. boosted its position in AON by 71.3% during the 3rd quarter. BB&T Investment Services Inc. now owns 1,038 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 432 shares during the period. Institutional investors and hedge funds own 87.66% of the company’s stock.
Aon PLC (AON) traded down $0.43 during midday trading on Wednesday, reaching $139.24. The company had a trading volume of 1,010,800 shares, compared to its average volume of 1,088,273. The company has a market cap of $34,903.21, a price-to-earnings ratio of 20.69, a PEG ratio of 1.81 and a beta of 1.04. 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 PLC has a 1-year low of $109.82 and a 1-year high of $152.78.
AON (NYSE:AON) last posted its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) 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 analyst estimates of $2.29 billion. AON had a return on equity of 32.71% and a net margin of 16.78%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $1.29 EPS. research analysts anticipate that Aon PLC will post 6.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, October 31st. AON’s payout ratio is currently 21.79%.
AON has been the subject of a number of analyst reports. Jefferies Group boosted their price target on AON from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. ValuEngine raised AON from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded AON from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research raised AON from a “hold” rating to a “buy” rating and set a $171.00 price objective on the stock in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $154.00 price target on shares of AON in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $144.77.
In other news, CEO John Zern sold 17,680 shares of AON stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $139.79, for a total value of $2,471,487.20. Following the completion of the sale, the chief executive officer now directly owns 27,695 shares in the company, valued at $3,871,484.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction, the chief executive officer now owns 123,805 shares of the company’s stock, valued at $17,951,725. The disclosure for this sale can be found here. Insiders have sold 51,680 shares of company stock valued at $7,353,887 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.
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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