Norinchukin Bank The Acquires 1,940 Shares of Aon PLC (AON)
Norinchukin Bank The boosted its position in shares of Aon PLC (NYSE:AON) by 12.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 17,168 shares of the financial services provider’s stock after buying an additional 1,940 shares during the quarter. Norinchukin Bank The’s holdings in AON were worth $2,640,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AON. Pinebridge Investments L.P. bought a new stake in AON during the second quarter worth $132,000. Synovus Financial Corp raised its position 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 position 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 $163,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co raised its position 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. 84.42% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have issued reports on AON shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $164.00 price target on shares of AON in a research report on Sunday, July 29th. Citigroup upped their price target on shares of AON from $167.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, October 12th. Sandler O’Neill raised shares of AON from a “hold” rating to a “buy” rating in a research report on Monday, October 29th. Morgan Stanley upped their price target on shares of AON from $152.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 14th. Finally, Barclays upped their price target on shares of AON from $138.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Monday, November 12th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $160.38.
Shares of AON opened at $165.58 on Tuesday. The stock has a market capitalization of $39.51 billion, a PE ratio of 19.67, a P/E/G ratio of 1.71 and a beta of 0.85. Aon PLC has a fifty-two week low of $130.87 and a fifty-two week high of $166.41. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.41 and a current ratio of 1.41.
AON (NYSE:AON) last issued its quarterly earnings data on Friday, October 26th. The financial services provider reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.09. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.39 billion. AON had a net margin of 7.06% and a return on equity of 43.96%. The company’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 earnings per share. Equities research analysts anticipate that Aon PLC will post 8.13 EPS for the current fiscal year.
The business also recently disclosed 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 of this dividend was Wednesday, October 31st. AON’s payout ratio is presently 24.54%.
AON Company Profile
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.
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