Raiffeisen Bank International AG Acquires 1,819 Shares of Aon plc $AON

Raiffeisen Bank International AG raised its holdings in Aon plc (NYSE:AON) by 112.9% in the third quarter, HoldingsChannel.com reports. The firm owned 3,430 shares of the financial services provider’s stock after purchasing an additional 1,819 shares during the quarter. Raiffeisen Bank International AG’s holdings in AON were worth $1,216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Brookstone Capital Management increased its stake in AON by 449.4% during the 2nd quarter. Brookstone Capital Management now owns 5,604 shares of the financial services provider’s stock worth $1,999,000 after acquiring an additional 4,584 shares during the period. Forum Financial Management LP grew its holdings in shares of AON by 44.4% during the 2nd quarter. Forum Financial Management LP now owns 1,430 shares of the financial services provider’s stock worth $510,000 after purchasing an additional 440 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of AON by 3.4% in the second quarter. Asset Management One Co. Ltd. now owns 89,950 shares of the financial services provider’s stock worth $32,091,000 after purchasing an additional 2,992 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in AON by 2.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 463,796 shares of the financial services provider’s stock worth $165,464,000 after purchasing an additional 9,841 shares during the period. Finally, Waldron Private Wealth LLC grew its stake in AON by 3.1% during the second quarter. Waldron Private Wealth LLC now owns 1,406 shares of the financial services provider’s stock worth $502,000 after buying an additional 42 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In other AON news, General Counsel Darren Zeidel sold 5,040 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $325.79, for a total value of $1,641,981.60. Following the completion of the transaction, the general counsel directly owned 20,254 shares in the company, valued at approximately $6,598,550.66. This represents a 19.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lester B. Knight purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were acquired at an average cost of $319.24 per share, with a total value of $1,276,960.00. Following the purchase, the director directly owned 143,000 shares of the company’s stock, valued at approximately $45,651,320. The trade was a 2.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.10% of the company’s stock.

AON Trading Up 0.3%

Shares of AON stock opened at $325.14 on Friday. Aon plc has a twelve month low of $304.59 and a twelve month high of $412.97. The stock’s fifty day simple moving average is $341.99 and its 200 day simple moving average is $350.63. The company has a quick ratio of 1.35, a current ratio of 2.03 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $69.67 billion, a P/E ratio of 19.10, a P/E/G ratio of 1.67 and a beta of 0.83.

AON (NYSE:AON) last posted its earnings results on Friday, January 30th. The financial services provider reported $4.85 EPS for the quarter, beating the consensus estimate of $4.75 by $0.10. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. AON had a return on equity of 45.23% and a net margin of 21.51%.The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $4.42 earnings per share. As a group, sell-side analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a dividend of $0.745 per share. The ex-dividend date was Monday, February 2nd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio (DPR) is currently 17.51%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AON. JPMorgan Chase & Co. cut their price target on shares of AON from $433.00 to $406.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Morgan Stanley set a $400.00 price objective on shares of AON in a research report on Tuesday, December 16th. UBS Group reaffirmed a “neutral” rating and issued a $385.00 target price on shares of AON in a report on Monday, February 2nd. Wells Fargo & Company decreased their target price on AON from $448.00 to $443.00 and set an “overweight” rating on the stock in a research report on Sunday, February 1st. Finally, Evercore reissued an “outperform” rating and set a $436.00 target price on shares of AON in a research note on Wednesday, January 7th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $409.75.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.