Daiwa Securities Group Inc. decreased its position in Aon PLC (NYSE:AON) by 12.6% during the third quarter, Holdings Channel reports. The fund owned 32,700 shares of the company’s stock after selling 4,700 shares during the period. Daiwa Securities Group Inc.’s holdings in Aon PLC were worth $3,678,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of AON. Carroll Financial Associates Inc. boosted its stake in Aon PLC by 0.8% in the third quarter. Carroll Financial Associates Inc. now owns 907 shares of the company’s stock worth $102,000 after buying an additional 7 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in Aon PLC during the second quarter worth $121,000. Cornerstone Advisors Inc. boosted its stake in Aon PLC by 1,102.6% in the third quarter. Cornerstone Advisors Inc. now owns 1,371 shares of the company’s stock worth $154,000 after buying an additional 1,257 shares during the last quarter. Hudock Capital Group LLC boosted its stake in Aon PLC by 70.1% in the second quarter. Hudock Capital Group LLC now owns 1,446 shares of the company’s stock worth $157,000 after buying an additional 596 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Aon PLC by 0.5% in the third quarter. Quadrant Capital Group LLC now owns 1,619 shares of the company’s stock worth $178,000 after buying an additional 8 shares during the last quarter. 84.02% of the stock is owned by institutional investors.
Aon PLC (NYSE:AON) traded down 0.06% during midday trading on Monday, hitting $113.74. The stock had a trading volume of 438,753 shares. The stock has a market cap of $29.92 billion, a PE ratio of 20.97 and a beta of 1.02. Aon PLC has a one year low of $83.83 and a one year high of $113.97. The firm has a 50 day moving average price of $110.60 and a 200 day moving average price of $109.56.
Aon PLC (NYSE:AON) last issued its quarterly earnings data on Friday, October 28th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.01. The firm earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Aon PLC had a net margin of 12.75% and a return on equity of 30.61%. Aon PLC’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 earnings per share. Equities analysts expect that Aon PLC will post $6.50 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, October 28th. Aon PLC’s dividend payout ratio is presently 24.49%.
A number of research firms have weighed in on AON. Credit Suisse Group AG reaffirmed a “sell” rating on shares of Aon PLC in a research report on Monday, August 1st. Zacks Investment Research raised Aon PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Citigroup Inc. increased their target price on Aon PLC from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Sandler O’Neill raised Aon PLC from a “hold” rating to a “buy” rating in a research note on Monday, November 7th. Finally, Jefferies Group increased their target price on Aon PLC from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Aon PLC presently has an average rating of “Hold” and an average price target of $112.75.
About Aon PLC
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.