Daiwa Securities Group Inc. cut its stake in shares of Aon PLC (NYSE:AON) by 15.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,265 shares of the financial services provider’s stock after selling 7,825 shares during the quarter. Daiwa Securities Group Inc.’s holdings in AON were worth $7,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in AON. Oregon Public Employees Retirement Fund lifted its position in AON by 14,228.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 3,813,464 shares during the last quarter. Norges Bank bought a new stake in AON during the fourth quarter valued at approximately $176,885,000. BlackRock Inc. lifted its position in AON by 7.8% during the fourth quarter. BlackRock Inc. now owns 15,997,384 shares of the financial services provider’s stock valued at $2,325,380,000 after purchasing an additional 1,162,646 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in AON by 5.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 22,515,572 shares of the financial services provider’s stock valued at $3,272,864,000 after purchasing an additional 1,072,842 shares during the last quarter. Finally, Boston Partners lifted its position in AON by 33.3% during the fourth quarter. Boston Partners now owns 3,634,161 shares of the financial services provider’s stock valued at $528,261,000 after purchasing an additional 907,862 shares during the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.
NYSE:AON opened at $180.17 on Monday. Aon PLC has a 52 week low of $134.82 and a 52 week high of $182.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market cap of $43.24 billion, a P/E ratio of 22.08, a PEG ratio of 1.75 and a beta of 0.94.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.44 per share. This is an increase from AON’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Tuesday, April 30th. AON’s payout ratio is presently 19.61%.
Several brokerages have issued reports on AON. Barclays lifted their target price on shares of AON from $153.00 to $155.00 and gave the company an “equal weight” rating in a research report on Monday, April 1st. Zacks Investment Research lowered shares of AON from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. ValuEngine upgraded shares of AON from a “hold” rating to a “buy” rating in a research report on Friday, March 15th. Wells Fargo & Co reiterated a “hold” rating on shares of AON in a research report on Friday, April 5th. Finally, Compass Point assumed coverage on shares of AON in a research report on Tuesday, January 15th. They set a “buy” rating and a $195.00 target price for the company. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $171.60.
In other AON news, CFO Christa Davies sold 58,152 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $170.90, for a total transaction of $9,938,176.80. Following the transaction, the chief financial officer now directly owns 288,016 shares of the company’s stock, valued at approximately $49,221,934.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Peter M. Lieb sold 15,068 shares of the business’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $172.77, for a total transaction of $2,603,298.36. Following the transaction, the general counsel now directly owns 17,985 shares in the company, valued at $3,107,268.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,470 shares of company stock worth $12,756,050. Insiders own 0.42% of the company’s stock.
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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