M.D. Sass LLC raised its position in Aon plc (NYSE:AON – Free Report) by 31.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,362 shares of the financial services provider’s stock after buying an additional 33,831 shares during the quarter. AON comprises about 3.5% of M.D. Sass LLC’s portfolio, making the stock its 17th largest position. M.D. Sass LLC’s holdings in AON were worth $45,952,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Aviva PLC raised its stake in AON by 2.0% during the fourth quarter. Aviva PLC now owns 333,454 shares of the financial services provider’s stock worth $117,669,000 after acquiring an additional 6,622 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 valued at $13,251,000 after buying an additional 6,509 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of AON by 9.1% in the 4th 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 stake in shares of AON by 1,864.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 343,754 shares of the financial services provider’s stock valued at $121,304,000 after purchasing an additional 326,256 shares during the period. Finally, Highland Capital Management LLC acquired a new position in AON in the fourth quarter valued at about $1,359,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.
AON Stock Up 0.9%
Shares of NYSE AON opened at $355.50 on Friday. The company has a market capitalization of $75.93 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 1.85 and a beta of 0.71. Aon plc has a 52-week low of $304.59 and a 52-week high of $381.00. The company’s 50 day moving average price is $335.69 and its 200-day moving average price is $331.17. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95.
AON Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, August 3rd. AON’s payout ratio is currently 18.00%.
Insider Buying and Selling
In related news, General Counsel Darren Zeidel sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $360.00, for a total transaction of $216,000.00. Following the sale, the general counsel owned 15,354 shares of the company’s stock, valued at approximately $5,527,440. This represents a 3.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Morgan Stanley boosted their target price on AON from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Citigroup boosted their price target on shares of AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Barclays boosted their target price on shares of AON from $372.00 to $382.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Keefe, Bruyette & Woods decreased their target price on AON from $404.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Finally, Mizuho lifted their price target on AON from $389.00 to $426.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $404.56.
Get Our Latest Research Report on AON
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.
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