Jones Collombin Investment Counsel Inc Takes Position in Aon PLC (AON)
Jones Collombin Investment Counsel Inc acquired a new position in shares of Aon PLC (NYSE:AON) during the third quarter, according to its most recent disclosure with the SEC. The firm acquired 98,425 shares of the company’s stock, valued at approximately $11,072,000. Aon PLC accounts for about 3.5% of Jones Collombin Investment Counsel Inc’s portfolio, making the stock its 13th largest position.
A number of other hedge funds have also recently added to or reduced their stakes in AON. Carroll Financial Associates Inc. boosted its stake in Aon PLC by 0.8% in the third quarter. Carroll Financial Associates Inc. now owns 907 shares of the company’s stock worth $102,000 after buying an additional 7 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in Aon PLC during the second quarter worth about $121,000. Hudock Capital Group LLC boosted its stake in Aon PLC by 70.1% in the second quarter. Hudock Capital Group LLC now owns 1,446 shares of the company’s stock worth $157,000 after buying an additional 596 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in Aon PLC by 4.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,776 shares of the company’s stock worth $194,000 after buying an additional 81 shares during the last quarter. Finally, Sadoff Investment Management LLC purchased a new stake in Aon PLC during the third quarter worth about $202,000. 84.02% of the stock is owned by hedge funds and other institutional investors.
Shares of Aon PLC (NYSE:AON) traded up 0.40% during trading on Wednesday, reaching $114.10. The company had a trading volume of 570,146 shares. Aon PLC has a 12 month low of $83.83 and a 12 month high of $114.30. The firm has a 50 day moving average price of $110.61 and a 200 day moving average price of $109.67. The company has a market cap of $30.02 billion, a price-to-earnings ratio of 21.04 and a beta of 1.02.
Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, October 28th. The company reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.01. Aon PLC had a net margin of 12.75% and a return on equity of 30.61%. The company earned $2.70 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the prior year, the business posted $1.24 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. Analysts predict that Aon PLC will post $6.50 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were paid a dividend of $0.33 per share. The ex-dividend date was Friday, October 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.16%. Aon PLC’s dividend payout ratio is 24.49%.
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AON has been the subject of a number of research reports. Sandler O’Neill raised Aon PLC from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Langen Mcalenn reaffirmed a “buy” rating on shares of Aon PLC in a research report on Tuesday, August 2nd. Citigroup Inc. boosted their price target on Aon PLC from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Barclays PLC reduced their price target on Aon PLC from $104.00 to $99.00 and set an “equal weight” rating for the company in a research report on Friday, September 30th. Finally, Zacks Investment Research raised Aon PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $112.75.
About Aon PLC
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.
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