Mn Services Vermogensbeheer B.V. Has $26.71 Million Position in Aon plc $AON

Mn Services Vermogensbeheer B.V. increased its holdings in shares of Aon plc (NYSE:AON) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,686 shares of the financial services provider’s stock after buying an additional 2,086 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in AON were worth $26,708,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. grew its stake in shares of AON by 3.3% in the second quarter. J.W. Cole Advisors Inc. now owns 1,244 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 40 shares during the last quarter. Lido Advisors LLC raised its position in AON by 121.6% during the 2nd quarter. Lido Advisors LLC now owns 9,629 shares of the financial services provider’s stock worth $3,435,000 after purchasing an additional 5,283 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in AON by 121.9% during the 2nd quarter. Edgestream Partners L.P. now owns 2,825 shares of the financial services provider’s stock worth $1,008,000 after buying an additional 1,552 shares during the period. Fisher Asset Management LLC bought a new stake in shares of AON in the 2nd quarter valued at about $276,000. Finally, Quantbot Technologies LP increased its stake in shares of AON by 157.6% in the second quarter. Quantbot Technologies LP now owns 28,657 shares of the financial services provider’s stock valued at $10,224,000 after buying an additional 17,534 shares during the period. 86.14% of the stock is owned by institutional investors.

AON Trading Down 0.4%

Shares of AON stock opened at $322.62 on Wednesday. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $401.03. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a 50 day simple moving average of $328.50 and a two-hundred day simple moving average of $342.27. The company has a market cap of $69.12 billion, a P/E ratio of 18.96, a PEG ratio of 1.77 and a beta of 0.82.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.75 by $0.10. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.38 billion. AON had a return on equity of 45.23% and a net margin of 21.51%.The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.42 EPS. Research analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio is currently 17.51%.

Insiders Place Their Bets

In other news, General Counsel Darren Zeidel sold 5,040 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $325.79, for a total transaction of $1,641,981.60. Following the transaction, the general counsel owned 20,254 shares of the company’s stock, valued at $6,598,550.66. This represents a 19.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lester B. Knight bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was purchased at an average cost of $319.24 per share, with a total value of $1,276,960.00. Following the completion of the transaction, the director directly owned 143,000 shares in the company, valued at $45,651,320. This represents a 2.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on AON from $410.00 to $416.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. The Goldman Sachs Group set a $395.00 target price on shares of AON in a research report on Wednesday, January 7th. UBS Group restated a “neutral” rating and issued a $385.00 price target on shares of AON in a research report on Monday, February 2nd. Wells Fargo & Company reduced their price objective on shares of AON from $448.00 to $443.00 and set an “overweight” rating on the stock in a research note on Sunday, February 1st. Finally, Cantor Fitzgerald increased their price objective on shares of AON from $393.00 to $412.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Fourteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $406.69.

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.