Cinctive Capital Management LP Invests $12.01 Million in Aon plc $AON

Cinctive Capital Management LP acquired a new stake in Aon plc (NYSE:AON) in the 3rd quarter, Holdings Channel reports. The firm acquired 33,686 shares of the financial services provider’s stock, valued at approximately $12,012,000.

Several other institutional investors and hedge funds have also bought and sold shares of AON. Silver Lake Advisory LLC purchased a new stake in shares of AON in the third quarter valued at about $1,292,000. Callan Family Office LLC boosted its holdings in AON by 220.7% during the third quarter. Callan Family Office LLC now owns 11,675 shares of the financial services provider’s stock worth $4,163,000 after purchasing an additional 8,034 shares during the last quarter. Caprock Group LLC purchased a new position in AON during the third quarter worth about $1,752,000. Veritas Asset Management LLP grew its position in AON by 19.3% in the 3rd quarter. Veritas Asset Management LLP now owns 2,053,673 shares of the financial services provider’s stock worth $732,299,000 after purchasing an additional 332,685 shares in the last quarter. Finally, Savant Capital LLC increased its stake in AON by 64.9% in the 3rd quarter. Savant Capital LLC now owns 19,092 shares of the financial services provider’s stock valued at $6,808,000 after buying an additional 7,512 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Activity at AON

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

AON Stock Up 1.7%

AON stock opened at $321.39 on Friday. The stock has a fifty day moving average of $334.50 and a 200-day moving average of $346.42. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $402.49. The company has a market capitalization of $68.86 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 1.70 and a beta of 0.82. 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 (NYSE:AON) last released 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. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.38 billion. AON had a net margin of 21.51% and a return on equity of 45.23%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.42 earnings per share. As a group, equities research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group set a $395.00 target price on AON in a research note on Wednesday, January 7th. UBS Group reaffirmed a “neutral” rating and set a $385.00 price target on shares of AON in a research report on Monday, February 2nd. Barclays boosted their price objective on AON from $379.00 to $381.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Cantor Fitzgerald upped their price objective on AON from $393.00 to $412.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Finally, Morgan Stanley set a $400.00 target price on AON in a research report on Tuesday, December 16th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, AON presently has an average rating of “Moderate Buy” and a consensus price target 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.