Brinker Capital Inc. increased its position in shares of Aon PLC (NYSE:AON) by 5.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 44,773 shares of the financial services provider’s stock after acquiring an additional 2,479 shares during the period. Brinker Capital Inc.’s holdings in AON were worth $7,643,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in shares of AON during the 4th quarter valued at $25,000. Berman Capital Advisors LLC bought a new stake in shares of AON during the 4th quarter valued at $25,000. Oregon Public Employees Retirement Fund raised its position in shares of AON by 14,228.3% during the 4th 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 period. Sontag Advisory LLC bought a new stake in AON in the 4th quarter valued at $31,000. Finally, Somerset Trust Co increased its holdings in AON by 171.8% in the 1st quarter. Somerset Trust Co now owns 212 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 84.94% of the company’s stock.
In other news, CFO Christa Davies sold 58,152 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $170.90, for a total value of $9,938,176.80. Following the sale, the chief financial officer now directly owns 288,016 shares in the company, valued at approximately $49,221,934.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Peter M. Lieb sold 15,068 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $172.77, for a total transaction of $2,603,298.36. Following the completion of the sale, the general counsel now 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 90 days, insiders sold 74,470 shares of company stock worth $12,756,050. Insiders own 0.42% of the company’s stock.
Shares of AON stock traded up $0.95 during trading hours on Tuesday, reaching $175.84. The company’s stock had a trading volume of 12,627 shares, compared to its average volume of 1,110,704. Aon PLC has a one year low of $134.82 and a one year high of $178.87. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.42. The company has a market cap of $42.04 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.94.
AON (NYSE:AON) last posted its earnings results on Friday, February 1st. The financial services provider reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.03. AON had a net margin of 10.53% and a return on equity of 43.49%. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the firm posted $2.35 EPS. The business’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, sell-side analysts expect that Aon PLC will post 9.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. 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 dividend yield of 1.00%. AON’s payout ratio is 19.61%.
A number of brokerages have issued reports on AON. Barclays lifted their price target on shares of AON from $153.00 to $155.00 and gave the company an “equal weight” rating in a report on Monday, April 1st. Zacks Investment Research downgraded shares of AON from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. ValuEngine upgraded shares of AON from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Wells Fargo & Co reiterated a “hold” rating on shares of AON in a report on Friday, April 5th. Finally, Compass Point began coverage on shares of AON in a report on Tuesday, January 15th. They issued a “buy” rating and a $195.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $169.30.
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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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