Aon PLC (AON) Shares Bought by Ronna Sue Cohen
Ronna Sue Cohen raised its holdings in Aon PLC (NYSE:AON) by 17,002.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 831,346 shares of the financial services provider’s stock after purchasing an additional 826,485 shares during the period. Ronna Sue Cohen owned about 0.35% of AON worth $831,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in AON by 5.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 22,515,572 shares of the financial services provider’s stock valued at $3,272,864,000 after purchasing an additional 1,072,842 shares during the period. BlackRock Inc. grew its holdings in shares of AON by 7.8% in the 4th quarter. BlackRock Inc. now owns 15,997,384 shares of the financial services provider’s stock worth $2,325,380,000 after acquiring an additional 1,162,646 shares during the period. Mawer Investment Management Ltd. grew its holdings in shares of AON by 2.9% in the 4th quarter. Mawer Investment Management Ltd. now owns 5,736,969 shares of the financial services provider’s stock worth $833,926,000 after acquiring an additional 161,281 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of AON by 14,228.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 3,813,464 shares during the period. Finally, Boston Partners grew its holdings in shares of AON by 33.3% in the 4th quarter. Boston Partners now owns 3,634,161 shares of the financial services provider’s stock worth $528,261,000 after acquiring an additional 907,862 shares during the period. 84.94% of the stock is currently owned by institutional investors.
Shares of NYSE:AON traded down $1.93 on Wednesday, hitting $175.00. 38,027 shares of the company were exchanged, compared to its average volume of 768,569. Aon PLC has a one year low of $134.82 and a one year high of $176.96. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market cap of $42.23 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 1.70 and a beta of 0.94.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.44 per share. This is an increase from AON’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, April 30th. This represents a $1.76 annualized dividend and a dividend yield of 1.01%. AON’s dividend payout ratio is currently 19.61%.
A number of research firms recently weighed in on AON. ValuEngine cut AON from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Wells Fargo & Co reissued a “hold” rating on shares of AON in a research report on Friday, April 5th. Zacks Investment Research raised AON from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research report on Monday, December 31st. Goldman Sachs Group lowered AON from a “buy” rating to a “neutral” rating and cut their price objective for the company from $171.00 to $163.00 in a research report on Tuesday, January 8th. Finally, Barclays raised their price objective on AON from $153.00 to $155.00 and gave the company an “equal weight” rating in a research report on Monday, April 1st. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $169.30.
In other news, CFO Christa Davies sold 58,152 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $170.90, for a total transaction of $9,938,176.80. Following the completion of the sale, the chief financial officer now owns 288,016 shares in the company, valued at approximately $49,221,934.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Neller sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $171.66, for a total transaction of $214,575.00. Following the sale, the insider now owns 5,188 shares of the company’s stock, valued at approximately $890,572.08. The disclosure for this sale can be found here. Insiders have sold 74,470 shares of company stock valued at $12,756,050 in the last three months. 0.42% of the stock is owned by insiders.
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AON Company 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.
Further Reading: Ex-Dividend
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