Quantbot Technologies LP Has $4.69 Million Holdings in Aon plc $AON

Quantbot Technologies LP cut its holdings in shares of Aon plc (NYSE:AON) by 54.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,141 shares of the financial services provider’s stock after selling 15,516 shares during the quarter. Quantbot Technologies LP’s holdings in AON were worth $4,686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AON. Norges Bank acquired a new position in shares of AON in the second quarter valued at approximately $754,671,000. Vanguard Group Inc. grew its holdings in AON by 2.6% during the second 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 in the last quarter. Bank of New York Mellon Corp lifted its position in shares of AON by 15.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock worth $1,251,391,000 after buying an additional 473,594 shares in the last quarter. Altrinsic Global Advisors LLC raised its stake in shares of AON by 193.2% during the 2nd quarter. Altrinsic Global Advisors LLC now owns 692,633 shares of the financial services provider’s stock worth $247,104,000 after purchasing an additional 456,399 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in AON by 92.9% during the third quarter. Vontobel Holding Ltd. now owns 889,332 shares of the financial services provider’s stock valued at $317,118,000 after purchasing an additional 428,361 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

AON has been the subject of several research analyst reports. Roth Mkm reissued a “buy” rating and set a $390.00 price objective on shares of AON in a research note on Tuesday, November 4th. UBS Group reaffirmed a “neutral” rating and issued a $385.00 target price on shares of AON in a research report on Monday, February 2nd. Bank of America upgraded AON from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $398.00 to $397.00 in a research note on Friday. Wells Fargo & Company cut their price target on shares of AON from $448.00 to $443.00 and set an “overweight” rating on the stock in a report on Sunday, February 1st. Finally, Cantor Fitzgerald boosted their target price on AON from $393.00 to $412.00 and gave the stock an “overweight” rating in a research 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, AON presently has a consensus rating of “Moderate Buy” and an average target price of $408.94.

AON Price Performance

AON stock opened at $335.11 on Monday. Aon plc has a 12 month low of $304.59 and a 12 month high of $412.97. The stock has a market cap of $71.80 billion, a PE ratio of 19.69, a P/E/G ratio of 1.77 and a beta of 0.82. The company has a 50-day moving average price of $339.27 and a 200 day moving average price of $349.06. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.55.

AON (NYSE:AON) last issued its earnings results on Friday, January 30th. The financial services provider reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.75 by $0.10. AON had a return on equity of 45.23% and a net margin of 21.51%.The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. During the same period in the prior year, the business earned $4.42 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.745 per share. The ex-dividend date was Monday, February 2nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s dividend payout ratio (DPR) is presently 17.51%.

AON 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.