4,832 Shares in Aon plc $AON Bought by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new stake in Aon plc (NYSE:AON) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,832 shares of the financial services provider’s stock, valued at approximately $1,593,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AON. Wealth Watch Advisors INC acquired a new position in shares of AON during the 3rd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of AON in the 4th quarter valued at approximately $27,000. Kemnay Advisory Services Inc. bought a new position in AON during the 4th quarter worth approximately $29,000. Strive Asset Management LLC acquired a new position in AON during the third quarter valued at approximately $35,000. Finally, Cornerstone Financial Management LLC bought a new stake in AON in the fourth quarter valued at approximately $37,000. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Darren Zeidel sold 1,950 shares of the stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $372.05, for a total transaction of $725,497.50. Following the completion of the transaction, the general counsel directly owned 13,404 shares of the company’s stock, valued at approximately $4,986,958.20. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 4,450 shares of company stock worth $1,659,242 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AON shares. Weiss Ratings reissued a “hold (c)” rating on shares of AON in a research report on Friday, July 17th. Cantor Fitzgerald lifted their price objective on AON from $416.00 to $445.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. increased their target price on AON from $396.00 to $412.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Wells Fargo & Company lifted their price target on shares of AON from $406.00 to $419.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods upped their price target on shares of AON from $400.00 to $412.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, AON has a consensus rating of “Moderate Buy” and a consensus price target of $410.75.

AON Stock Performance

Shares of AON stock opened at $346.83 on Tuesday. Aon plc has a 12 month low of $304.59 and a 12 month high of $382.34. The company’s fifty day simple moving average is $348.97 and its 200-day simple moving average is $333.20. The firm has a market cap of $73.57 billion, a PE ratio of 19.12, a P/E/G ratio of 1.84 and a beta of 0.69. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34.

AON (NYSE:AON) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.01. AON had a net margin of 22.27% and a return on equity of 42.13%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the previous year, the business earned $3.49 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts expect that Aon plc will post 19.05 EPS for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, August 3rd. AON’s dividend payout ratio is presently 18.08%.

AON Profile

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.