Capitolis Liquid Global Markets LLC Has $3.48 Million Stake in Aon plc $AON

Capitolis Liquid Global Markets LLC decreased its position in Aon plc (NYSE:AON) by 83.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,750 shares of the financial services provider’s stock after selling 49,362 shares during the quarter. Capitolis Liquid Global Markets LLC’s holdings in AON were worth $3,477,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AON. Vanguard Group Inc. increased its stake in AON by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock valued at $7,238,569,000 after buying an additional 511,292 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of AON by 5.9% in the third quarter. Bank of New York Mellon Corp now owns 3,715,346 shares of the financial services provider’s stock valued at $1,324,818,000 after acquiring an additional 207,690 shares in the last quarter. Dodge & Cox purchased a new stake in shares of AON during the third quarter valued at approximately $1,235,437,000. Neuberger Berman Group LLC lifted its holdings in AON by 12.0% during the third quarter. Neuberger Berman Group LLC now owns 2,330,363 shares of the financial services provider’s stock worth $830,945,000 after acquiring an additional 249,549 shares during the period. Finally, Artisan Partners Limited Partnership boosted its position in AON by 1.9% in the second quarter. Artisan Partners Limited Partnership now owns 2,176,045 shares of the financial services provider’s stock worth $776,326,000 after purchasing an additional 40,213 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Insider Activity at AON

In related news, Director Lester B. Knight purchased 4,000 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was purchased at an average cost of $319.24 per share, with a total value of $1,276,960.00. Following the completion of the acquisition, the director directly owned 143,000 shares of the company’s stock, valued at approximately $45,651,320. The trade was a 2.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Darren Zeidel sold 5,040 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was 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 directly owned 20,254 shares of the company’s stock, valued at $6,598,550.66. The trade was a 19.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by company insiders.

AON Stock Up 1.7%

AON stock opened at $321.39 on Monday. The stock has a fifty day moving average of $334.50 and a 200-day moving average of $346.26. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $402.49. The company has a market capitalization of $68.86 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 1.70 and a beta of 0.82. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.03 and a current ratio of 2.03.

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

AON Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AON. Bank of America raised AON from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $398.00 to $397.00 in a research report on Friday, February 27th. Cantor Fitzgerald increased their price target on shares of AON from $393.00 to $412.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Jefferies Financial Group restated a “buy” rating and set a $408.00 price objective on shares of AON in a report on Monday, February 2nd. Evercore reiterated an “outperform” rating and issued a $436.00 target price on shares of AON in a research note on Wednesday, January 7th. Finally, UBS Group reissued a “neutral” rating and set a $385.00 target price on shares of AON in a research report on Monday, February 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, AON presently has an average rating of “Moderate Buy” and a consensus target price of $408.94.

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.