Zions Bancorporation N.A. grew its holdings in shares of Aon plc (NYSE:AON – Get Rating) by 12.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,142 shares of the financial services provider’s stock after purchasing an additional 238 shares during the quarter. Zions Bancorporation N.A.’s holdings in AON were worth $643,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Neo Ivy Capital Management purchased a new stake in AON in the 3rd quarter worth approximately $25,000. Mendota Financial Group LLC purchased a new stake in AON in the 4th quarter worth approximately $30,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in AON by 117.3% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 113 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 61 shares in the last quarter. Bell Investment Advisors Inc increased its holdings in AON by 43.0% in the 4th quarter. Bell Investment Advisors Inc now owns 123 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 37 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH purchased a new stake in AON in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 86.12% of the company’s stock.
Insider Buying and Selling
In other news, President Eric Andersen sold 7,500 shares of AON stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $335.55, for a total transaction of $2,516,625.00. Following the completion of the sale, the president now directly owns 144,164 shares in the company, valued at $48,374,230.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.06% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
AON Price Performance
Shares of NYSE AON traded up $0.53 during midday trading on Friday, reaching $311.72. 25,051 shares of the stock traded hands, compared to its average volume of 833,608. The company has a debt-to-equity ratio of 182.36, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a market capitalization of $63.67 billion, a PE ratio of 24.98, a P/E/G ratio of 2.37 and a beta of 0.90. Aon plc has a one year low of $246.21 and a one year high of $338.27. The company’s 50 day moving average is $321.64 and its 200 day moving average is $311.48.
AON (NYSE:AON – Get Rating) last issued its quarterly earnings results on Friday, April 28th. The financial services provider reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.32 by ($0.15). The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.85 billion. AON had a negative return on equity of 4,553.36% and a net margin of 20.63%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.83 earnings per share. On average, equities research analysts anticipate that Aon plc will post 14.41 earnings per share for the current year.
AON Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were given a $0.615 dividend. The ex-dividend date was Friday, April 28th. This is an increase from AON’s previous quarterly dividend of $0.56. This represents a $2.46 dividend on an annualized basis and a yield of 0.79%. AON’s dividend payout ratio (DPR) is currently 19.74%.
Aon Plc engages in the provision of risk, health, and wealth solutions. It operates through Global Professional Services Firm segment. The Global Professional Services Firm segment involves in the provides advice and solutions to clients focused on risk, health and wealth through four principal products and services.
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