Victory Capital Management Inc. Has $1.02 Million Holdings in Aon PLC (AON)

Victory Capital Management Inc. raised its position in Aon PLC (NYSE:AON) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,974 shares of the financial services provider’s stock after buying an additional 395 shares during the period. Victory Capital Management Inc.’s holdings in Aon PLC were worth $1,019,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AON. APG Asset Management N.V. raised its stake in shares of Aon PLC by 1.2% in the 2nd quarter. APG Asset Management N.V. now owns 397,632 shares of the financial services provider’s stock valued at $52,865,000 after purchasing an additional 4,800 shares in the last quarter. Parametrica Management Ltd acquired a new stake in shares of Aon PLC in the 2nd quarter valued at about $378,000. Kwmg LLC raised its stake in shares of Aon PLC by 6.0% in the 2nd quarter. Kwmg LLC now owns 14,184 shares of the financial services provider’s stock valued at $1,886,000 after purchasing an additional 806 shares in the last quarter. Armstrong Henry H Associates Inc. acquired a new stake in shares of Aon PLC in the 2nd quarter valued at about $220,000. Finally, Park Avenue Securities LLC acquired a new stake in Aon PLC during the second quarter worth about $350,000. 88.74% of the stock is owned by institutional investors.

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AON has been the topic of several research reports. Zacks Investment Research upgraded shares of Aon PLC from a “hold” rating to a “buy” rating and set a $171.00 price objective on the stock in a research note on Wednesday, October 25th. ValuEngine upgraded shares of Aon PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $154.00 price objective on shares of Aon PLC in a research note on Monday, October 16th. BidaskClub upgraded shares of Aon PLC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, Barclays PLC increased their price objective on shares of Aon PLC from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Aon PLC presently has an average rating of “Hold” and a consensus price target of $144.42.

In related news, CEO Michael J. O’connor sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the completion of the sale, the chief executive officer now directly owns 123,805 shares in the company, valued at $17,367,365.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 40,000 shares of company stock valued at $5,720,400 over the last 90 days. 0.90% of the stock is currently owned by insiders.

Aon PLC (AON) opened at $139.24 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.08. The stock has a market cap of $34,795.75, a P/E ratio of 20.63, a PEG ratio of 1.81 and a beta of 1.06. Aon PLC has a 1-year low of $109.82 and a 1-year high of $152.78.

Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Aon PLC had a net margin of 16.78% and a return on equity of 32.71%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $1.29 earnings per share. analysts anticipate that Aon PLC will post 6.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, October 31st. Aon PLC’s payout ratio is 21.79%.

Aon PLC Company Profile

Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.

Institutional Ownership by Quarter for Aon PLC (NYSE:AON)

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