Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in shares of Aon PLC (NYSE:AON) by 25.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,908 shares of the financial services provider’s stock after purchasing an additional 982 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in AON were worth $947,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen Asset Management LLC lifted its stake in shares of AON by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 6,731 shares of the financial services provider’s stock worth $978,000 after purchasing an additional 125 shares during the last quarter. Ronna Sue Cohen lifted its stake in shares of AON by 17,002.4% during the 1st quarter. Ronna Sue Cohen now owns 831,346 shares of the financial services provider’s stock worth $831,000 after purchasing an additional 826,485 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in shares of AON by 7.3% during the 1st quarter. OppenheimerFunds Inc. now owns 144,550 shares of the financial services provider’s stock worth $24,675,000 after purchasing an additional 9,889 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of AON by 2.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 593,399 shares of the financial services provider’s stock worth $101,293,000 after purchasing an additional 12,678 shares during the last quarter. Finally, Martingale Asset Management L P lifted its stake in shares of AON by 31.1% during the 1st quarter. Martingale Asset Management L P now owns 168,222 shares of the financial services provider’s stock worth $28,717,000 after purchasing an additional 39,901 shares during the last quarter. Hedge funds and other institutional investors own 84.72% of the company’s stock.
In other AON news, General Counsel Peter M. Lieb sold 5,200 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $178.39, for a total value of $927,628.00. Following the completion of the sale, the general counsel now directly owns 16,446 shares in the company, valued at $2,933,801.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Peter M. Lieb sold 11,645 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $180.69, for a total value of $2,104,135.05. Following the completion of the transaction, the general counsel now owns 4,408 shares of the company’s stock, valued at $796,481.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,345 shares of company stock valued at $4,370,513. 0.92% of the stock is currently owned by company insiders.
A number of equities research analysts recently weighed in on the company. Atlantic Securities cut AON from an “overweight” rating to a “neutral” rating and set a $190.00 price objective for the company. in a research note on Friday, June 14th. MKM Partners upgraded AON to a “buy” rating and upped their price objective for the stock from $210.00 to $225.00 in a research note on Monday, June 24th. Barclays set a $34.00 price objective on DCP Midstream and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Morgan Stanley set a $620.00 price objective on Intuitive Surgical and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Wells Fargo & Co restated a “hold” rating and set a $195.00 price objective on shares of AON in a research note on Friday. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $182.73.
AON stock traded down $0.40 during midday trading on Friday, reaching $196.45. The company’s stock had a trading volume of 39,225 shares, compared to its average volume of 571,098. The stock’s 50-day simple moving average is $193.85. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.09 and a quick ratio of 2.09. Aon PLC has a 52-week low of $135.30 and a 52-week high of $198.61. The firm has a market capitalization of $47.12 billion, a PE ratio of 24.01, a P/E/G ratio of 1.76 and a beta of 0.88.
AON (NYSE:AON) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported $1.87 EPS for the quarter, meeting analysts’ consensus estimates of $1.87. AON had a return on equity of 46.15% and a net margin of 11.08%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period last year, the business posted $1.71 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. Equities research analysts predict that Aon PLC will post 9.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, July 31st. AON’s dividend payout ratio (DPR) is presently 21.57%.
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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