Actinver Wealth Management Inc. purchased a new stake in shares of Aon PLC (NYSE:AON) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,725 shares of the financial services provider’s stock, valued at approximately $362,000.
Other institutional investors also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new position in AON during the fourth quarter valued at $25,000. Berman Capital Advisors LLC purchased a new stake in shares of AON during the fourth quarter worth about $25,000. Oregon Public Employees Retirement Fund grew its holdings in shares of AON by 14,228.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock worth $26,000 after buying an additional 3,813,464 shares in the last quarter. Sontag Advisory LLC purchased a new stake in shares of AON during the fourth quarter worth about $31,000. Finally, YorkBridge Wealth Partners LLC grew its holdings in shares of AON by 1,875.0% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 316 shares of the financial services provider’s stock worth $46,000 after buying an additional 300 shares in the last quarter. 84.94% of the stock is currently owned by institutional investors.
In other news, General Counsel Peter M. Lieb sold 15,068 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $172.77, for a total value of $2,603,298.36. Following the transaction, the general counsel now owns 17,985 shares in the company, valued at $3,107,268.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Neller sold 1,250 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 5,188 shares in the company, valued at approximately $890,572.08. The disclosure for this sale can be found here. Insiders sold 74,470 shares of company stock valued at $12,756,050 in the last three months. Insiders own 0.42% of the company’s stock.
AON (NYSE:AON) last announced its quarterly earnings results on Friday, February 1st. The financial services provider reported $2.16 EPS for the quarter, beating the 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 last year, the company posted $2.35 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Aon PLC will post 9.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Tuesday, April 30th. This is a boost from AON’s previous quarterly dividend of $0.40. AON’s dividend payout ratio (DPR) is 19.61%.
A number of equities research analysts have recently commented on AON shares. Goldman Sachs Group downgraded shares of AON from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $171.00 to $163.00 in a report on Tuesday, January 8th. ValuEngine downgraded shares of AON from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. MKM Partners raised shares of AON from a “neutral” rating to a “buy” rating and upped their price target for the company from $155.00 to $200.00 in a report on Monday, February 4th. William Blair reissued a “market perform” rating on shares of AON in a report on Friday, February 1st. Finally, Compass Point began coverage on shares of AON in a report on Tuesday, January 15th. They issued a “buy” rating and a $195.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. AON presently has an average rating of “Hold” and an average price target of $169.30.
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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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