Aon PLC (AON) Shares Bought by Alyeska Investment Group L.P.
Alyeska Investment Group L.P. lifted its holdings in shares of Aon PLC (NYSE:AON) by 314.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,069 shares of the financial services provider’s stock after buying an additional 72,139 shares during the quarter. Alyeska Investment Group L.P.’s holdings in AON were worth $13,890,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. raised its stake in AON by 5,820.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 389,710 shares of the financial services provider’s stock valued at $56,936,000 after purchasing an additional 383,128 shares during the last quarter. Allianz Asset Management GmbH raised its stake in AON by 0.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 59,024 shares of the financial services provider’s stock valued at $8,623,000 after purchasing an additional 542 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in AON by 2.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 25,460 shares of the financial services provider’s stock valued at $3,735,000 after purchasing an additional 500 shares during the last quarter. Engineers Gate Manager LP raised its stake in AON by 35.5% in the 3rd quarter. Engineers Gate Manager LP now owns 8,986 shares of the financial services provider’s stock valued at $1,313,000 after purchasing an additional 2,352 shares during the last quarter. Finally, Invictus RG raised its stake in AON by 47.6% in the 3rd quarter. Invictus RG now owns 5,293 shares of the financial services provider’s stock valued at $773,000 after purchasing an additional 1,707 shares during the last quarter. 87.66% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. ValuEngine downgraded AON from a “buy” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $158.00 price objective on shares of AON in a research note on Wednesday, December 6th. Goldman Sachs Group assumed coverage on AON in a research note on Monday, December 4th. They issued a “neutral” rating and a $149.00 price objective for the company. Zacks Investment Research cut AON from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Wells Fargo & Company upped their target price on AON from $138.00 to $143.00 and gave the company a “market perform” rating in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $145.08.
AON (NYSE:AON) last issued its earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.01. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.29 billion. AON had a return on equity of 32.71% and a net margin of 16.78%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS. equities research analysts anticipate that Aon PLC will post 6.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Tuesday, October 31st. AON’s dividend payout ratio is presently 21.79%.
In other news, EVP John G. Bruno sold 10,000 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $143.24, for a total transaction of $1,432,400.00. Following the completion of the transaction, the executive vice president now directly owns 10,471 shares in the company, valued at approximately $1,499,866.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John Zern sold 17,680 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $139.79, for a total value of $2,471,487.20. Following the transaction, the chief executive officer now owns 27,695 shares of the company’s stock, valued at $3,871,484.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,680 shares of company stock valued at $7,353,887. Company insiders own 0.90% of the company’s stock.
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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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