Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in Aon PLC (NYSE:AON) by 2.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,407 shares of the financial services provider’s stock after selling 1,931 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AON were worth $10,827,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First Mercantile Trust Co. increased its stake in AON by 18.8% during the 3rd quarter. First Mercantile Trust Co. now owns 1,984 shares of the financial services provider’s stock worth $305,000 after buying an additional 314 shares in the last quarter. Trust Co. of Vermont increased its stake in AON by 11.2% during the 3rd quarter. Trust Co. of Vermont now owns 3,681 shares of the financial services provider’s stock worth $566,000 after buying an additional 371 shares in the last quarter. Global X Management Co LLC increased its stake in AON by 11.1% during the 2nd quarter. Global X Management Co LLC now owns 3,835 shares of the financial services provider’s stock worth $526,000 after buying an additional 383 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in AON by 0.9% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 42,278 shares of the financial services provider’s stock worth $5,800,000 after buying an additional 390 shares in the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in AON by 50.0% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock worth $165,000 after buying an additional 400 shares in the last quarter. 84.42% of the stock is owned by institutional investors.

AON stock opened at $161.67 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $39.88 billion, a PE ratio of 24.80, a P/E/G ratio of 1.73 and a beta of 0.85. Aon PLC has a 1 year low of $130.87 and a 1 year high of $166.41.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, October 26th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.09. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.39 billion. AON had a return on equity of 43.96% and a net margin of 7.06%. The business’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.29 earnings per share. Equities research analysts predict that Aon PLC will post 8.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were given a $0.40 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. AON’s dividend payout ratio (DPR) is presently 24.54%.

Several research firms have commented on AON. Credit Suisse Group began coverage on AON in a research note on Tuesday, August 7th. They set a “neutral” rating and a $154.00 price objective for the company. Morgan Stanley boosted their price objective on AON from $152.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 14th. Wells Fargo & Co boosted their price objective on AON from $165.00 to $150.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 13th. Barclays boosted their price objective on AON from $138.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Monday, November 12th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $164.00 price objective on shares of AON in a research note on Sunday, July 29th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $160.38.

In other news, CEO Caroline Grace sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $155.00, for a total value of $620,000.00. Following the completion of the sale, the chief executive officer now directly owns 45,796 shares in the company, valued at $7,098,380. 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 valued at $1,860,000 over the last 90 days. Company insiders own 0.42% of the company’s stock.

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About AON

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.

Further Reading: Balance Sheet

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Institutional Ownership by Quarter for AON (NYSE:AON)

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