Norris Perne & French LLP MI Decreases Stake in Aon PLC (AON)

Norris Perne & French LLP MI decreased its position in Aon PLC (NYSE:AON) by 29.6% during the 1st quarter, Holdings Channel reports. The firm owned 1,760 shares of the financial services provider’s stock after selling 740 shares during the period. Norris Perne & French LLP MI’s holdings in AON were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC grew its position in AON by 1.9% during the fourth quarter. Nuveen Asset Management LLC now owns 6,731 shares of the financial services provider’s stock worth $978,000 after buying an additional 125 shares in the last quarter. Ronna Sue Cohen grew its position in AON by 17,002.4% during the first quarter. Ronna Sue Cohen now owns 831,346 shares of the financial services provider’s stock worth $831,000 after buying an additional 826,485 shares in the last quarter. Resources Investment Advisors Inc. acquired a new stake in AON during the fourth quarter worth approximately $78,000. NumerixS Investment Technologies Inc acquired a new stake in AON during the fourth quarter worth approximately $1,180,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in AON by 11.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,425 shares of the financial services provider’s stock worth $934,000 after buying an additional 681 shares in the last quarter. 84.97% of the stock is currently owned by institutional investors.

In other news, CFO Christa Davies sold 58,152 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $170.90, for a total value of $9,938,176.80. Following the completion of the transaction, the chief financial officer now directly owns 288,016 shares in the company, valued at approximately $49,221,934.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter M. Lieb sold 15,068 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $172.77, for a total value of $2,603,298.36. Following the completion of the transaction, the general counsel now owns 17,985 shares of the company’s stock, valued at $3,107,268.45. The disclosure for this sale can be found here. Insiders sold a total of 74,470 shares of company stock valued at $12,756,050 over the last quarter. 0.42% of the stock is owned by corporate insiders.

A number of equities research analysts recently issued reports on the company. ValuEngine downgraded AON from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Wells Fargo & Co restated a “hold” rating on shares of AON in a research note on Friday, April 5th. Zacks Investment Research upgraded AON from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research note on Monday, December 31st. Goldman Sachs Group cut AON from a “buy” rating to a “neutral” rating and cut their target price for the stock from $171.00 to $163.00 in a research note on Tuesday, January 8th. Finally, Barclays upped their target price on AON from $153.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Monday, April 1st. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. AON has an average rating of “Hold” and a consensus target price of $171.60.

NYSE AON traded down $1.32 on Monday, hitting $178.85. 10,629 shares of the company’s stock were exchanged, compared to its average volume of 753,918. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.64 and a quick ratio of 1.64. Aon PLC has a 52 week low of $134.82 and a 52 week high of $182.60. The stock has a market capitalization of $43.24 billion, a PE ratio of 21.97, a PEG ratio of 1.75 and a beta of 0.94.

AON (NYSE:AON) last released its earnings results on Friday, April 26th. The financial services provider reported $3.31 earnings per share for the quarter, hitting the consensus estimate of $3.31. AON had a return on equity of 43.49% and a net margin of 10.53%. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same period in the prior year, the company earned $2.97 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, sell-side analysts expect that Aon PLC will post 9.16 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from AON’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, April 30th. AON’s dividend payout ratio is presently 19.61%.

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AON Profile

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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Institutional Ownership by Quarter for AON (NYSE:AON)

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