Janney Montgomery Scott LLC Has $721,000 Stake in Aon PLC (NYSE:AON)

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Janney Montgomery Scott LLC boosted its holdings in Aon PLC (NYSE:AON) by 20.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,727 shares of the financial services provider’s stock after acquiring an additional 624 shares during the period. Janney Montgomery Scott LLC’s holdings in AON were worth $721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Nuveen Asset Management LLC lifted its position in AON by 15,731.6% during the second quarter. Nuveen Asset Management LLC now owns 1,065,627 shares of the financial services provider’s stock valued at $205,644,000 after buying an additional 1,058,896 shares during the period. Longview Partners Guernsey LTD increased its holdings in AON by 8.9% in the 2nd quarter. Longview Partners Guernsey LTD now owns 6,502,583 shares of the financial services provider’s stock worth $1,254,868,000 after buying an additional 531,216 shares in the last quarter. California Public Employees Retirement System increased its holdings in AON by 21.6% in the 2nd quarter. California Public Employees Retirement System now owns 1,868,956 shares of the financial services provider’s stock worth $360,671,000 after buying an additional 332,400 shares in the last quarter. Vanguard Group Inc. increased its holdings in AON by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,406,729 shares of the financial services provider’s stock worth $3,552,130,000 after buying an additional 275,773 shares in the last quarter. Finally, Viking Global Investors LP grew its stake in shares of AON by 30.2% during the 2nd quarter. Viking Global Investors LP now owns 851,778 shares of the financial services provider’s stock valued at $164,376,000 after purchasing an additional 197,554 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.

A number of equities research analysts have issued reports on AON shares. Wells Fargo & Co restated a “hold” rating and set a $195.00 price target on shares of AON in a research note on Friday, July 26th. UBS Group boosted their price objective on AON from $181.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Barclays set a $190.00 price objective on AON and gave the company a “hold” rating in a research note on Monday, August 12th. ValuEngine downgraded AON from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley boosted their price objective on AON from $197.00 to $200.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. AON presently has a consensus rating of “Hold” and an average target price of $190.11.

In other news, insider Anthony R. Goland sold 1,703 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $194.79, for a total transaction of $331,727.37. Following the sale, the insider now directly owns 15,589 shares of the company’s stock, valued at approximately $3,036,581.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Michael Losh sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $193.60, for a total value of $968,000.00. Following the sale, the director now directly owns 19,366 shares in the company, valued at $3,749,257.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,053 shares of company stock worth $2,906,175. 0.92% of the stock is owned by insiders.

NYSE AON traded down $0.19 during trading hours on Tuesday, reaching $194.19. The company’s stock had a trading volume of 140,588 shares, compared to its average volume of 883,431. The firm’s 50-day moving average price is $192.12 and its 200-day moving average price is $189.69. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.72. Aon PLC has a 1 year low of $135.30 and a 1 year high of $198.61. The company has a market capitalization of $45.56 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 1.78 and a beta of 0.86.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, October 25th. The financial services provider reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.02. AON had a return on equity of 51.63% and a net margin of 13.79%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the previous year, the firm earned $1.30 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that Aon PLC will post 9.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.76 dividend on an annualized basis and a yield of 0.91%. AON’s dividend payout ratio is presently 21.57%.

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.

Further Reading: What is a back-end load?

Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon PLC (NYSE:AON).

Institutional Ownership by Quarter for AON (NYSE:AON)

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