Aon plc $AON Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of Aon plc (NYSE:AON) by 94.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 225,807 shares of the financial services provider’s stock after purchasing an additional 109,492 shares during the quarter. Quantinno Capital Management LP’s holdings in AON were worth $72,886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AON. Aviva PLC lifted its holdings in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of AON by 21.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,552 shares of the financial services provider’s stock worth $13,251,000 after acquiring an additional 6,509 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of AON by 9.1% during the fourth quarter. Handelsbanken Fonder AB now owns 67,034 shares of the financial services provider’s stock worth $23,655,000 after acquiring an additional 5,585 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake 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 acquiring an additional 326,256 shares in the last quarter. Finally, Highland Capital Management LLC purchased a new position in AON in the fourth quarter valued at $1,359,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AON news, General Counsel Darren Zeidel sold 1,950 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $372.05, for a total transaction of $725,497.50. Following the sale, the general counsel owned 13,404 shares of the company’s stock, valued at approximately $4,986,958.20. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

AON Stock Up 3.9%

AON stock opened at $381.65 on Wednesday. The stock has a market cap of $81.51 billion, a PE ratio of 20.95, a P/E/G ratio of 1.92 and a beta of 0.71. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95. The stock’s fifty day moving average is $338.54 and its two-hundred day moving average is $331.59. Aon plc has a 1-year low of $304.59 and a 1-year high of $382.34.

AON (NYSE:AON) last released its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same period in the prior year, the firm posted $5.67 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts expect that Aon plc will post 19.09 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 3rd. AON’s dividend payout ratio is 18.00%.

Analyst Ratings Changes

AON has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on AON from $396.00 to $412.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Morgan Stanley lifted their price objective on AON from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Cantor Fitzgerald upped their target price on shares of AON from $416.00 to $445.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Mizuho raised their target price on shares of AON from $389.00 to $426.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Finally, UBS Group lifted their price target on shares of AON from $360.00 to $383.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $404.56.

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.