Valeo Financial Advisors LLC Purchases Shares of 721 Aon PLC (AON)
Valeo Financial Advisors LLC purchased a new stake in Aon PLC (NYSE:AON) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 721 shares of the financial services provider’s stock, valued at approximately $105,000.
Several other institutional investors have also made changes to their positions in AON. Foyston Gordon & Payne Inc increased its holdings in AON by 26.9% during the 3rd quarter. Foyston Gordon & Payne Inc now owns 190,602 shares of the financial services provider’s stock worth $27,847,000 after purchasing an additional 40,364 shares during the period. Janus Henderson Group PLC increased its holdings in AON by 9.8% during the 3rd quarter. Janus Henderson Group PLC now owns 3,492,001 shares of the financial services provider’s stock worth $510,175,000 after purchasing an additional 311,733 shares during the period. Jane Street Group LLC increased its holdings in shares of AON by 97.0% in the 3rd quarter. Jane Street Group LLC now owns 7,002 shares of the financial services provider’s stock valued at $1,023,000 after acquiring an additional 3,448 shares during the last quarter. Vident Investment Advisory LLC purchased a new position in shares of AON in the 3rd quarter valued at about $389,000. Finally, Capital Returns Management LLC purchased a new position in shares of AON in the 3rd quarter valued at about $6,867,000. 87.66% of the stock is currently owned by institutional investors and hedge funds.
In other AON news, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $141.20, for a total transaction of $564,800.00. Following the completion of the sale, the senior vice president now directly owns 12,314 shares of the company’s stock, valued at approximately $1,738,736.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Zern sold 17,680 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $139.79, for a total value of $2,471,487.20. Following the sale, the chief executive officer now directly owns 27,695 shares of the company’s stock, valued at $3,871,484.05. The disclosure for this sale can be found here. Insiders have sold a total of 51,680 shares of company stock worth $7,353,887 in the last 90 days. 0.90% of the stock is currently owned by company insiders.
Aon PLC (AON) opened at $136.58 on Friday. The stock has a market capitalization of $34,126.03, a P/E ratio of 20.23, a P/E/G ratio of 1.77 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 12 month low of $109.82 and a 12 month high of $152.78.
AON (NYSE:AON) last released its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.29 billion. AON had a return on equity of 32.71% and a net margin of 16.78%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. analysts expect that Aon PLC will post 6.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.44 dividend on an annualized basis and a yield of 1.05%. AON’s dividend payout ratio is presently 21.79%.
A number of research analysts have recently commented on the company. ValuEngine downgraded AON from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub downgraded AON from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Barclays increased their price objective on AON from $135.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, October 16th. Sandler O’Neill reiterated a “hold” rating on shares of AON in a report on Monday, October 30th. Finally, Zacks Investment Research downgraded AON from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. AON currently has a consensus rating of “Hold” and an average price target of $145.08.
AON 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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