Axa Purchases 21,160 Shares of Aon PLC (AON)
Axa lifted its position in shares of Aon PLC (NYSE:AON) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,115 shares of the financial services provider’s stock after buying an additional 21,160 shares during the period. Axa owned about 0.13% of AON worth $49,227,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AON. Pinebridge Investments L.P. bought a new stake in AON during the second quarter worth about $132,000. Synovus Financial Corp raised its holdings in AON by 110.4% during the third quarter. Synovus Financial Corp now owns 852 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 447 shares in the last quarter. Shine Investment Advisory Services Inc. raised its holdings in AON by 1,468.2% during the second quarter. Shine Investment Advisory Services Inc. now owns 1,035 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 969 shares in the last quarter. TRUE Private Wealth Advisors bought a new stake in AON during the third quarter worth about $163,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co raised its holdings in AON by 50.0% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 84.42% of the company’s stock.
In other news, CEO Caroline Grace sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $160.00, for a total value of $640,000.00. Following the transaction, the chief executive officer now owns 41,796 shares of the company’s stock, valued at $6,687,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 12,000 shares of company stock worth $1,860,000 in the last ninety days. 0.42% of the stock is owned by company insiders.
AON (NYSE:AON) last released its quarterly earnings data on Friday, October 26th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.09. AON had a return on equity of 43.96% and a net margin of 7.06%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the company earned $1.29 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts predict that Aon PLC will post 8.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Wednesday, October 31st. AON’s payout ratio is 24.54%.
Several analysts recently issued reports on the company. Credit Suisse Group assumed coverage on AON in a report on Tuesday, August 7th. They set a “neutral” rating and a $154.00 target price on the stock. Wells Fargo & Co set a $165.00 target price on AON and gave the stock a “hold” rating in a report on Monday, November 12th. Morgan Stanley upped their target price on AON from $152.00 to $167.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 14th. Barclays upped their price objective on AON from $138.00 to $153.00 and gave the company an “equal weight” rating in a research note on Monday, November 12th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $164.00 price objective on shares of AON in a research note on Sunday, July 29th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $160.38.
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
Featured Article: Stock Symbol
Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.