Gotham Asset Management LLC bought a new position in shares of Aon PLC (NYSE:AON) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,282 shares of the financial services provider’s stock, valued at approximately $1,204,000.
Several other large investors have also added to or reduced their stakes in AON. Sontag Advisory LLC purchased a new position in AON during the 4th quarter valued at approximately $31,000. Paloma Partners Management Co boosted its holdings in shares of AON by 269.4% in the 4th quarter. Paloma Partners Management Co now owns 7,395 shares of the financial services provider’s stock worth $1,074,000 after purchasing an additional 5,393 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of AON by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 6,731 shares of the financial services provider’s stock worth $978,000 after purchasing an additional 125 shares during the period. MML Investors Services LLC boosted its holdings in shares of AON by 8.2% in the 4th quarter. MML Investors Services LLC now owns 4,638 shares of the financial services provider’s stock worth $674,000 after purchasing an additional 350 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in shares of AON in the 4th quarter worth approximately $7,497,000. Hedge funds and other institutional investors own 84.94% of the company’s stock.
Shares of AON stock traded down $0.20 on Friday, reaching $175.17. 838,317 shares of the company’s stock were exchanged, compared to its average volume of 784,014. Aon PLC has a 52 week low of $134.82 and a 52 week high of $178.87. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market capitalization of $42.04 billion, a P/E ratio of 21.47, a P/E/G ratio of 1.70 and a beta of 0.94.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.44 per share. This is a positive change from AON’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Tuesday, April 30th. AON’s dividend payout ratio (DPR) is currently 19.61%.
A number of equities analysts have recently commented on the company. Barclays lifted their target price on AON from $153.00 to $155.00 and gave the stock an “equal weight” rating in a report on Monday, April 1st. Wells Fargo & Co reiterated a “hold” rating on shares of AON in a report on Friday, April 5th. ValuEngine upgraded AON from a “hold” rating to a “buy” rating in a report on Friday, March 15th. MKM Partners upgraded AON from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $155.00 to $200.00 in a report on Monday, February 4th. Finally, William Blair reiterated a “market perform” rating on shares of AON in a report on Friday, February 1st. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. AON has an average rating of “Hold” and a consensus price target of $169.30.
In other AON news, General Counsel Peter M. Lieb sold 15,068 shares of AON stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $172.77, for a total transaction of $2,603,298.36. Following the completion of the sale, the general counsel now directly owns 17,985 shares of the company’s stock, valued at approximately $3,107,268.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Neller sold 1,250 shares of AON stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $171.66, for a total value of $214,575.00. Following the sale, the insider now directly owns 5,188 shares of the company’s stock, valued at $890,572.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,470 shares of company stock valued at $12,756,050. 0.42% of the stock is currently owned by corporate insiders.
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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