Lombard Odier Asset Management Switzerland SA Makes New $2.17 Million Investment in Aon plc $AON

Lombard Odier Asset Management Switzerland SA bought a new stake in Aon plc (NYSE:AON) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,713 shares of the financial services provider’s stock, valued at approximately $2,167,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AON. Aviva PLC grew its stake in AON by 2.0% in the fourth quarter. Aviva PLC now owns 333,454 shares of the financial services provider’s stock valued at $117,669,000 after purchasing an additional 6,622 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of AON by 21.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,552 shares of the financial services provider’s stock valued at $13,251,000 after purchasing an additional 6,509 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in AON by 9.1% in the fourth quarter. Handelsbanken Fonder AB now owns 67,034 shares of the financial services provider’s stock worth $23,655,000 after purchasing an additional 5,585 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in AON by 1,864.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 343,754 shares of the financial services provider’s stock worth $121,304,000 after buying an additional 326,256 shares during the last quarter. Finally, Highland Capital Management LLC acquired a new stake in shares of AON in the fourth quarter worth about $1,359,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Darren Zeidel sold 600 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $360.00, for a total transaction of $216,000.00. Following the completion of the transaction, the general counsel owned 15,354 shares of the company’s stock, valued at approximately $5,527,440. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

AON Stock Performance

Shares of NYSE AON opened at $361.26 on Monday. Aon plc has a 12 month low of $304.59 and a 12 month high of $381.00. The company has a market cap of $77.16 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.89 and a beta of 0.71. The business’s 50 day moving average is $336.57 and its two-hundred day moving average is $331.24. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36.

AON (NYSE:AON) last posted its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating the consensus estimate of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same period in the prior year, the business earned $5.67 earnings per share. AON’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts expect that Aon plc will post 19.09 EPS for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, August 3rd. AON’s dividend payout ratio (DPR) is currently 18.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AON shares. Wells Fargo & Company lowered their price objective on AON from $409.00 to $406.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Mizuho upped their target price on AON from $389.00 to $426.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Barclays lifted their price target on shares of AON from $372.00 to $382.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. upped their price objective on shares of AON from $396.00 to $412.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, Cantor Fitzgerald lifted their target price on shares of AON from $416.00 to $445.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, AON has an average rating of “Moderate Buy” and a consensus target price of $404.56.

AON 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.