3,540 Shares in Aon plc $AON Acquired by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. acquired a new position in shares of Aon plc (NYSE:AON) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,540 shares of the financial services provider’s stock, valued at approximately $1,174,000.

Other hedge funds also recently modified their holdings of the company. Aviva PLC lifted its position in shares of AON by 2.0% during the 4th quarter. Aviva PLC now owns 333,454 shares of the financial services provider’s stock worth $117,669,000 after buying an additional 6,622 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in AON by 21.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,552 shares of the financial services provider’s stock worth $13,251,000 after purchasing an additional 6,509 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of AON by 9.1% in the fourth quarter. Handelsbanken Fonder AB now owns 67,034 shares of the financial services provider’s stock valued at $23,655,000 after purchasing an additional 5,585 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of AON by 1,864.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 343,754 shares of the financial services provider’s stock valued at $121,304,000 after buying an additional 326,256 shares during the last quarter. Finally, Highland Capital Management LLC bought a new stake in shares of AON during the fourth quarter worth approximately $1,359,000. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE AON opened at $359.40 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34. The stock has a fifty day simple moving average of $343.43 and a two-hundred day simple moving average of $332.22. Aon plc has a 1-year low of $304.59 and a 1-year high of $382.34. The firm has a market cap of $76.24 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.84 and a beta of 0.69.

AON (NYSE:AON) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, topping the consensus estimate of $3.80 by $0.01. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%.The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.49 EPS. Analysts anticipate that Aon plc will post 19.06 earnings per share for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be given a $0.82 dividend. The ex-dividend date is Monday, August 3rd. This represents a $3.28 annualized dividend and a yield of 0.9%. AON’s payout ratio is 18.08%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AON. Keefe, Bruyette & Woods boosted their target price on shares of AON from $400.00 to $412.00 and gave the company an “outperform” rating in a research report on Tuesday. Mizuho raised their price objective on shares of AON from $426.00 to $437.00 and gave the company an “outperform” rating in a report on Monday. JPMorgan Chase & Co. raised their price target on shares of AON from $396.00 to $412.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Cantor Fitzgerald lifted their target price on AON from $416.00 to $445.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Wall Street Zen downgraded shares of AON from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Twelve 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 $410.75.

Insiders Place Their Bets

In other AON news, General Counsel Darren Zeidel sold 1,900 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $377.76, for a total value of $717,744.00. Following the completion of the sale, the general counsel owned 11,504 shares of the company’s stock, valued at $4,345,751.04. This represents a 14.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 4,450 shares of company stock worth $1,659,242 in the last quarter. Company insiders own 1.00% of the company’s stock.

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.