Aon plc $AON Shares Bought by Ninety One UK Ltd

Ninety One UK Ltd raised its holdings in Aon plc (NYSE:AON) by 419.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 836,932 shares of the financial services provider’s stock after buying an additional 675,919 shares during the quarter. Ninety One UK Ltd’s holdings in AON were worth $231,638,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. grew its stake in shares of AON by 258.3% during the first quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 93 shares during the last quarter. Downshift Financial LLC raised its position in shares of AON by 15,700.0% in the 3rd quarter. Downshift Financial LLC now owns 158 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 157 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in AON in the 1st quarter worth approximately $61,000. Reflection Asset Management acquired a new stake in AON in the 4th quarter worth approximately $72,000. Finally, Ashurst Perkins Coie Trust Co acquired a new stake in AON in the 3rd quarter worth approximately $60,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of recent analyst reports. Roth Capital set a $380.00 price target on shares of AON and gave the company a “buy” rating in a research note on Tuesday, September 1st. Barclays lowered their price objective on shares of AON from $382.00 to $317.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 7th. Weiss Ratings downgraded shares of AON from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of AON in a report on Tuesday, September 1st. Finally, Bank of America upped their target price on AON from $298.00 to $327.00 and gave the company an “underperform” rating in a research report on Wednesday, July 15th. Twelve analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, AON presently has an average rating of “Moderate Buy” and a consensus target price of $367.59.

Insider Buying and Selling at AON

In other news, General Counsel Darren Zeidel sold 1,900 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total value of $717,744.00. Following the sale, the general counsel directly owned 11,504 shares of the company’s stock, valued at $4,345,751.04. This represents a 14.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lester Knight acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was acquired at an average price of $327.48 per share, for a total transaction of $6,549,600.00. Following the purchase, the director directly owned 163,000 shares of the company’s stock, valued at approximately $53,379,240. This trade represents a 13.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is owned by corporate insiders.

AON Stock Performance

Shares of AON stock traded up $12.39 on Thursday, reaching $287.74. 1,009,333 shares of the stock were exchanged, compared to its average volume of 1,525,677. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34. Aon plc has a twelve month low of $266.33 and a twelve month high of $382.34. The firm has a market capitalization of $61.03 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.44 and a beta of 0.70. The business has a 50 day moving average price of $313.65 and a two-hundred day moving average price of $326.52.

AON (NYSE:AON) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.01. AON had a net margin of 22.27% and a return on equity of 42.13%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the company earned $3.49 EPS. AON’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts anticipate that Aon plc will post 18.74 earnings per share for the current fiscal year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, November 2nd. AON’s payout ratio is presently 18.08%.

AON Profile

Aon plc is a global professional services firm that helps organizations manage risk, make better decisions and improve performance. Its services are organized around risk capital and human capital, combining advisory expertise, data, analytics and insurance-related solutions.

The company provides commercial risk brokerage and consulting, reinsurance brokerage, retirement and investment advisory services, health benefits consulting, talent and compensation consulting, and related technology and data products.