Stoneridge Investment Partners LLC Buys Shares of 1,717 Aon plc $AON

Stoneridge Investment Partners LLC bought a new stake in Aon plc (NYSE:AON) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,717 shares of the financial services provider’s stock, valued at approximately $619,000.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of AON by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 20,171,049 shares of the financial services provider’s stock valued at $7,117,960,000 after buying an additional 191,658 shares during the period. Capital World Investors increased its stake in shares of AON by 1.5% in the fourth quarter. Capital World Investors now owns 12,252,904 shares of the financial services provider’s stock worth $4,323,850,000 after acquiring an additional 176,207 shares during the last quarter. State Street Corp raised its holdings in shares of AON by 1.2% during the third quarter. State Street Corp now owns 9,229,464 shares of the financial services provider’s stock worth $3,291,048,000 after acquiring an additional 105,154 shares in the last quarter. Dodge & Cox boosted its position in AON by 126.6% during the fourth quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock valued at $2,770,975,000 after purchasing an additional 4,387,773 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in AON by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 5,141,363 shares of the financial services provider’s stock valued at $1,810,726,000 after purchasing an additional 28,066 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AON news, General Counsel Darren Zeidel sold 1,950 shares of the stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $372.05, for a total transaction of $725,497.50. Following the transaction, the general counsel owned 13,404 shares in the company, valued at $4,986,958.20. This trade represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 4,450 shares of company stock worth $1,659,242 in the last 90 days. Company insiders own 1.00% of the company’s stock.

AON Price Performance

Shares of NYSE:AON opened at $355.61 on Friday. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $382.34. The business has a 50-day moving average of $348.55 and a two-hundred day moving average of $333.12. The stock has a market capitalization of $75.43 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.84 and a beta of 0.69. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.54 and a quick ratio of 1.54.

AON (NYSE:AON) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.01. AON had a return on equity of 42.13% and a net margin of 22.27%.The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the company posted $3.49 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. On average, equities research analysts predict that Aon plc will post 19.05 EPS for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio is presently 18.08%.

Wall Street Analyst Weigh In

AON has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AON in a research note on Friday, July 17th. Wells Fargo & Company boosted their price target on AON from $406.00 to $419.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Roth Capital restated a “buy” rating and issued a $420.00 price objective on shares of AON in a report on Friday, July 31st. Wall Street Zen lowered shares of AON from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of AON from $396.00 to $412.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $410.75.

AON Company Profile

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.