Aon PLC (AON) Shares Bought by Polar Capital LLP

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Polar Capital LLP lifted its position in Aon PLC (NYSE:AON) by 7.0% during the fourth quarter, Holdings Channel reports. The fund owned 369,000 shares of the financial services provider’s stock after acquiring an additional 24,000 shares during the period. Polar Capital LLP’s holdings in AON were worth $53,638,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in AON during the fourth quarter worth approximately $25,000. Berman Capital Advisors LLC purchased a new position in AON during the fourth quarter worth approximately $25,000. Moody National Bank Trust Division purchased a new position in AON during the fourth quarter worth approximately $49,000. Lindbrook Capital LLC purchased a new position in AON during the fourth quarter worth approximately $53,000. Finally, Legacy Financial Advisors Inc. lifted its position in AON by 65.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 391 shares of the financial services provider’s stock worth $57,000 after buying an additional 154 shares in the last quarter. 86.24% of the stock is currently owned by hedge funds and other institutional investors.

In other AON news, insider Michael Neller sold 1,250 shares of AON stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $171.66, for a total value of $214,575.00. Following the sale, the insider now owns 5,188 shares in the company, valued at $890,572.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Peter M. Lieb sold 15,068 shares of AON stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $172.77, for a total value of $2,603,298.36. Following the completion of the sale, the general counsel now owns 17,985 shares in the company, valued at approximately $3,107,268.45. The disclosure for this sale can be found here. Insiders sold 79,470 shares of company stock worth $13,468,000 in the last 90 days. Company insiders own 0.42% of the company’s stock.

NYSE:AON opened at $167.30 on Wednesday. Aon PLC has a 52 week low of $134.82 and a 52 week high of $173.53. The company has a current ratio of 1.64, a quick ratio of 1.41 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $39.53 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93.

AON (NYSE:AON) last posted its earnings results on Friday, February 1st. The financial services provider reported $2.16 EPS for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.03. AON had a return on equity of 43.49% and a net margin of 10.53%. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the business earned $2.35 earnings per share. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, research analysts predict that Aon PLC will post 9.2 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, February 1st were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. AON’s dividend payout ratio is currently 19.61%.

A number of equities analysts recently commented on AON shares. Wells Fargo & Co lifted their price objective on AON from $165.00 to $150.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 13th. Morgan Stanley lifted their price objective on AON from $152.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 14th. Keefe, Bruyette & Woods downgraded AON from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 13th. ValuEngine downgraded AON from a “buy” rating to a “hold” rating in a research report on Wednesday, December 26th. Finally, Zacks Investment Research upgraded AON from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research report on Monday, December 31st. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $169.10.

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AON Profile

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.

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Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon PLC (NYSE:AON).

Institutional Ownership by Quarter for AON (NYSE:AON)

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