Aon plc $AON Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in shares of Aon plc (NYSE:AON) by 1,167.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,903 shares of the financial services provider’s stock after purchasing an additional 35,833 shares during the period. Ritholtz Wealth Management’s holdings in AON were worth $10,767,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AON. Robeco Institutional Asset Management B.V. lifted its holdings in shares of AON by 11,179.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,026,135 shares of the financial services provider’s stock valued at $1,114,313,000 after purchasing an additional 3,990,441 shares in the last quarter. Bank of America Corp DE boosted its position in shares of AON by 16.3% in the first quarter. Bank of America Corp DE now owns 1,582,680 shares of the financial services provider’s stock worth $510,857,000 after buying an additional 222,092 shares during the period. Amundi grew its holdings in shares of AON by 23.5% during the first quarter. Amundi now owns 1,502,890 shares of the financial services provider’s stock valued at $485,103,000 after buying an additional 285,549 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of AON by 20.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,253,769 shares of the financial services provider’s stock valued at $404,709,000 after buying an additional 213,051 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in AON by 2,986.4% during the third quarter. Retirement Systems of Alabama now owns 1,384,829 shares of the financial services provider’s stock valued at $383,279,000 after buying an additional 1,339,960 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AON

In other news, Director Lester Knight purchased 20,000 shares of AON stock in a transaction dated Wednesday, September 2nd. The stock was acquired at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the acquisition, the director directly owned 163,000 shares in the company, valued at $53,379,240. This represents a 13.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. TD Cowen increased their price objective on AON from $416.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. Evercore lowered their target price on AON from $423.00 to $375.00 in a research note on Thursday, October 8th. The Goldman Sachs Group upped their target price on AON from $375.00 to $401.00 and gave the company a “buy” rating in a report on Friday, July 31st. Cantor Fitzgerald increased their price target on shares of AON from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Finally, Wells Fargo & Company increased their price target on shares of AON from $323.00 to $364.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Thirteen analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $369.12.

AON Trading Up 0.0%

AON stock opened at $336.36 on Thursday. Aon plc has a 12 month low of $266.33 and a 12 month high of $382.34. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 2.58. The stock has a market cap of $71.36 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.77 and a beta of 0.63. The company’s fifty day simple moving average is $300.58 and its 200-day simple moving average is $325.94.

AON (NYSE:AON) last announced its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.30 by $0.06. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. AON had a return on equity of 40.46% and a net margin of 22.24%. AON’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $3.05 earnings per share. As a group, sell-side analysts forecast that Aon plc will post 18.47 EPS for the current fiscal year.

AON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. AON’s dividend payout ratio (DPR) is 17.96%.

AON Company Profile

Aon plc is a global professional services firm that helps organizations manage risk and make decisions about their people and finances. Its services include insurance brokerage, risk consulting, reinsurance solutions, employee benefits consulting and retirement and investment advisory services. The company serves businesses and institutions across a broad range of industries and geographies. Aon was formed in 1982 as Ryan Insurance Group and adopted the Aon name in 1987. It is headquartered in Dublin, Ireland, and operates internationally.