HRT Financial LLC Takes Position in Aon PLC (NYSE:AON)

HRT Financial LLC acquired a new position in Aon PLC (NYSE:AON) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,762 shares of the financial services provider’s stock, valued at approximately $401,000.

Other hedge funds also recently modified their holdings of the company. Macquarie Group Ltd. grew its holdings in shares of AON by 5.5% during the fourth quarter. Macquarie Group Ltd. now owns 106,618 shares of the financial services provider’s stock worth $15,498,000 after buying an additional 5,580 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in AON by 1,875.0% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 316 shares of the financial services provider’s stock valued at $46,000 after buying an additional 300 shares in the last quarter. Colony Group LLC lifted its position in AON by 9.8% during the fourth quarter. Colony Group LLC now owns 2,088 shares of the financial services provider’s stock valued at $304,000 after buying an additional 186 shares in the last quarter. Legal & General Group Plc lifted its position in AON by 9.7% during the fourth quarter. Legal & General Group Plc now owns 1,414,739 shares of the financial services provider’s stock valued at $205,555,000 after buying an additional 125,552 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in AON by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 12,989 shares of the financial services provider’s stock valued at $1,888,000 after buying an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 84.94% of the company’s stock.

NYSE AON traded down $0.20 on Friday, hitting $175.17. 838,317 shares of the company were exchanged, compared to its average volume of 784,014. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.42. The company has a market cap of $42.04 billion, a PE ratio of 21.47, a PEG ratio of 1.70 and a beta of 0.94. Aon PLC has a twelve month low of $134.82 and a twelve month high of $178.87.

AON (NYSE:AON) last issued its earnings results on Friday, February 1st. The financial services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.03. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.82 billion. AON had a return on equity of 43.49% and a net margin of 10.53%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.35 EPS. Research analysts forecast that Aon PLC will post 9.17 EPS for the current fiscal year.

The company 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 $0.44 dividend. This is a boost from AON’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.76 annualized dividend and a dividend yield of 1.00%. AON’s payout ratio is presently 19.61%.

In other AON news, CFO Christa Davies sold 58,152 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $170.90, for a total transaction of $9,938,176.80. Following the completion of the sale, the chief financial officer now owns 288,016 shares of the company’s stock, valued at $49,221,934.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Neller sold 1,250 shares of the company’s stock in a transaction that occurred 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 directly owns 5,188 shares of the company’s stock, valued at approximately $890,572.08. The disclosure for this sale can be found here. In the last three months, insiders sold 74,470 shares of company stock valued at $12,756,050. 0.42% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on AON. ValuEngine lowered shares of AON from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Wells Fargo & Co restated a “hold” rating on shares of AON in a research note on Friday, April 5th. Zacks Investment Research upgraded shares of AON from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a research note on Monday, December 31st. Goldman Sachs Group lowered shares of AON from a “buy” rating to a “neutral” rating and lowered their target price for the company from $171.00 to $163.00 in a research note on Tuesday, January 8th. Finally, Barclays boosted their target price on shares of AON from $153.00 to $155.00 and gave the company an “equal weight” rating in a research note on Monday, April 1st. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. AON has an average rating of “Hold” and a consensus price target of $169.30.

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AON Company Profile

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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Institutional Ownership by Quarter for AON (NYSE:AON)

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