Todd Asset Management LLC Has $67.51 Million Position in Aon PLC (AON)
Todd Asset Management LLC lessened its holdings in Aon PLC (NYSE:AON) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 462,043 shares of the financial services provider’s stock after selling 11,800 shares during the quarter. Aon PLC comprises approximately 1.9% of Todd Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Todd Asset Management LLC owned 0.18% of Aon PLC worth $67,505,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Parallel Advisors LLC boosted its position in Aon PLC by 16.7% in the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 106 shares in the last quarter. Fiduciary Trust Co. purchased a new position in shares of Aon PLC during the 2nd quarter valued at approximately $108,000. Pathstone Family Office LLC lifted its position in shares of Aon PLC by 6,775.0% during the 2nd quarter. Pathstone Family Office LLC now owns 825 shares of the financial services provider’s stock valued at $1,703,000 after buying an additional 813 shares in the last quarter. Magellan Asset Management Ltd lifted its position in shares of Aon PLC by 110.2% during the 2nd quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock valued at $113,000 after buying an additional 444 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. purchased a new position in shares of Aon PLC during the 2nd quarter valued at approximately $126,000. Institutional investors own 88.46% of the company’s stock.
Shares of Aon PLC (NYSE:AON) traded down $1.30 during trading hours on Monday, hitting $141.95. The company had a trading volume of 660,802 shares, compared to its average volume of 1,080,160. 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 firm has a market cap of $35,797.84, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 1.86 and a beta of 1.06. Aon PLC has a 1 year low of $109.18 and a 1 year high of $152.78.
Aon PLC (NYSE:AON) last issued its quarterly earnings data on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Aon PLC had a return on equity of 32.71% and a net margin of 16.78%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the company earned $1.29 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. sell-side analysts expect that Aon PLC will post 6.53 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Tuesday, October 31st. Aon PLC’s dividend payout ratio (DPR) is 21.79%.
In related news, CEO Michael J. O’connor sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the completion of the transaction, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,367,365.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.
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A number of research analysts have recently issued reports on the company. Zacks Investment Research upgraded Aon PLC from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $154.00 target price on shares of Aon PLC in a research report on Monday, October 16th. Jefferies Group LLC reiterated a “buy” rating and set a $162.00 target price on shares of Aon PLC in a research report on Friday, October 13th. Barclays PLC raised their price objective on Aon PLC from $135.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, October 16th. Finally, ValuEngine lowered Aon PLC from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. Aon PLC currently has a consensus rating of “Hold” and an average target price of $144.42.
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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