Aon plc $AON Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its position in Aon plc (NYSE:AON) by 36.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,697 shares of the financial services provider’s stock after acquiring an additional 2,876 shares during the period. Vinva Investment Management Ltd’s holdings in AON were worth $3,793,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AON. Norges Bank acquired a new stake in AON in the second quarter valued at $754,671,000. Vanguard Group Inc. raised its stake in shares of AON by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock worth $7,238,569,000 after buying an additional 511,292 shares during the last quarter. Altrinsic Global Advisors LLC boosted its position in shares of AON by 193.2% in the 2nd quarter. Altrinsic Global Advisors LLC now owns 692,633 shares of the financial services provider’s stock worth $247,104,000 after buying an additional 456,399 shares in the last quarter. Vontobel Holding Ltd. grew its stake in AON by 92.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 889,332 shares of the financial services provider’s stock valued at $317,118,000 after acquiring an additional 428,361 shares during the last quarter. Finally, Strive Asset Management LLC purchased a new position in AON during the 3rd quarter valued at about $142,986,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AON

In related news, General Counsel Darren Zeidel sold 5,040 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $325.79, for a total transaction of $1,641,981.60. Following the transaction, the general counsel directly owned 20,254 shares in the company, valued at approximately $6,598,550.66. This represents a 19.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lester B. Knight purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was acquired at an average cost of $319.24 per share, for a total transaction of $1,276,960.00. Following the completion of the purchase, the director owned 143,000 shares in the company, valued at $45,651,320. The trade was a 2.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the topic of several recent research reports. Bank of America raised shares of AON from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $398.00 to $397.00 in a report on Friday, February 27th. Barclays raised their price objective on shares of AON from $379.00 to $381.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. UBS Group reaffirmed a “neutral” rating and issued a $385.00 target price on shares of AON in a research note on Monday, February 2nd. JPMorgan Chase & Co. lowered their target price on AON from $433.00 to $406.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Finally, Cantor Fitzgerald boosted their price target on AON from $393.00 to $412.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $408.94.

AON Stock Performance

NYSE:AON opened at $340.49 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.03 and a quick ratio of 2.03. The firm has a market cap of $72.95 billion, a PE ratio of 20.01, a P/E/G ratio of 1.79 and a beta of 0.82. The firm has a 50 day simple moving average of $337.61 and a 200-day simple moving average of $348.02. Aon plc has a 1-year low of $304.59 and a 1-year high of $407.07.

AON (NYSE:AON) last announced its earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.75 by $0.10. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.38 billion. AON had a net margin of 21.51% and a return on equity of 45.23%. AON’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.42 earnings per share. On average, equities analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were given a $0.745 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s payout ratio is currently 17.51%.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.