Capitolis Liquid Global Markets LLC Has $3.48 Million Position in Aon plc $AON

Capitolis Liquid Global Markets LLC lowered its holdings in shares of Aon plc (NYSE:AON) by 83.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 9,750 shares of the financial services provider’s stock after selling 49,362 shares during the period. Capitolis Liquid Global Markets LLC’s holdings in AON were worth $3,477,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Dodge & Cox acquired a new stake in AON during the 3rd quarter valued at $1,235,437,000. Norges Bank acquired a new position in shares of AON in the second quarter valued at $754,671,000. Viking Global Investors LP bought a new position in shares of AON in the third quarter valued at about $504,424,000. Balyasny Asset Management L.P. lifted its stake in shares of AON by 40,219.8% during the 3rd quarter. Balyasny Asset Management L.P. now owns 846,715 shares of the financial services provider’s stock worth $301,922,000 after buying an additional 844,615 shares during the last quarter. Finally, Independent Franchise Partners LLP lifted its stake in shares of AON by 41.6% during the 3rd quarter. Independent Franchise Partners LLP now owns 2,096,486 shares of the financial services provider’s stock worth $747,565,000 after buying an additional 615,570 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at AON

In other news, Director Lester B. Knight bought 4,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was acquired at an average price of $319.24 per share, with a total value of $1,276,960.00. Following the transaction, the director owned 143,000 shares of the company’s stock, valued at $45,651,320. This trade represents a 2.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Darren Zeidel sold 5,040 shares of the company’s stock in a transaction 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 directly owned 20,254 shares in the company, valued at $6,598,550.66. This trade represents a 19.93% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by corporate insiders.

AON Stock Performance

AON opened at $321.39 on Monday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.03 and a current ratio of 2.03. Aon plc has a 52-week low of $304.59 and a 52-week high of $402.49. The firm has a market cap of $68.86 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 1.70 and a beta of 0.82. The business’s fifty day moving average is $334.50 and its 200-day moving average is $346.26.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 30th. The financial services provider reported $4.85 EPS for the quarter, beating the consensus estimate of $4.75 by $0.10. AON had a net margin of 21.51% and a return on equity of 45.23%. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same period in the previous year, the business earned $4.42 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. Sell-side analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AON shares. Jefferies Financial Group restated a “buy” rating and set a $408.00 price objective on shares of AON in a research report on Monday, February 2nd. The Goldman Sachs Group set a $395.00 target price on AON in a research note on Wednesday, January 7th. Citigroup lifted their price target on AON from $402.00 to $412.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Evercore reaffirmed an “outperform” rating and issued a $436.00 price objective on shares of AON in a report on Wednesday, January 7th. Finally, Mizuho upgraded AON from a “neutral” rating to an “outperform” rating and set a $397.00 price objective on the stock in a research report on Friday, February 27th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $408.94.

About AON

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.