Bristol John W & Co. Inc. NY Sells 4,798 Shares of Aon plc $AON

Bristol John W & Co. Inc. NY reduced its holdings in Aon plc (NYSE:AON) by 1.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 244,744 shares of the financial services provider’s stock after selling 4,798 shares during the quarter. Bristol John W & Co. Inc. NY’s holdings in AON were worth $87,271,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Westside Investment Management Inc. lifted its stake in AON by 100.0% in the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 35 shares during the period. Heartwood Wealth Advisors LLC bought a new position in AON in the 3rd quarter worth $29,000. Salomon & Ludwin LLC purchased a new stake in shares of AON in the 3rd quarter worth about $31,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of AON during the 2nd quarter valued at about $37,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in shares of AON during the third quarter valued at about $46,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Trading Down 0.2%

AON stock opened at $316.12 on Friday. Aon plc has a 12 month low of $304.59 and a 12 month high of $402.49. The company has a market capitalization of $67.73 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.68 and a beta of 0.82. The business’s fifty day simple moving average is $334.96 and its two-hundred day simple moving average is $346.92. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.55.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.75 by $0.10. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.38 billion. AON had a return on equity of 45.23% and a net margin of 21.51%.AON’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.42 EPS. As a group, equities analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, February 2nd. AON’s dividend payout ratio is currently 17.51%.

Insider Activity at AON

In other news, General Counsel Darren Zeidel sold 5,040 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $325.79, for a total transaction of $1,641,981.60. Following the sale, the general counsel owned 20,254 shares in the company, valued at $6,598,550.66. This represents a 19.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lester B. Knight purchased 4,000 shares of AON stock in a transaction that occurred on Tuesday, February 10th. The shares were purchased at an average cost of $319.24 per share, with a total value of $1,276,960.00. Following the transaction, the director directly owned 143,000 shares of the company’s stock, valued at $45,651,320. This represents a 2.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AON shares. The Goldman Sachs Group set a $395.00 price target on shares of AON in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods raised their target price on AON from $410.00 to $416.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $408.00 price target on shares of AON in a research note on Monday, February 2nd. Citigroup increased their price objective on AON from $402.00 to $412.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, UBS Group restated a “neutral” rating and set a $385.00 target price on shares of AON in a report on Monday, February 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $408.94.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.