Artisan Partners Limited Partnership cut its position in Aon PLC (NYSE:AON) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,945,628 shares of the company’s stock after selling 391,224 shares during the period. Aon PLC accounts for approximately 3.0% of Artisan Partners Limited Partnership’s holdings, making the stock its 4th largest position. Artisan Partners Limited Partnership owned approximately 4.92% of Aon PLC worth $1,443,826,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Carroll Financial Associates Inc. boosted its position in shares of Aon PLC by 0.8% in the third quarter. Carroll Financial Associates Inc. now owns 907 shares of the company’s stock valued at $102,000 after buying an additional 7 shares during the period. Paradigm Asset Management Co. LLC acquired a new position in shares of Aon PLC during the fourth quarter valued at about $112,000. Cornerstone Advisors Inc. boosted its position in shares of Aon PLC by 1,102.6% in the third quarter. Cornerstone Advisors Inc. now owns 1,371 shares of the company’s stock valued at $154,000 after buying an additional 1,257 shares during the period. SRB Corp boosted its position in shares of Aon PLC by 6.9% in the third quarter. SRB Corp now owns 1,433 shares of the company’s stock valued at $161,000 after buying an additional 92 shares during the period. Finally, Hudock Capital Group LLC boosted its position in shares of Aon PLC by 70.1% in the second quarter. Hudock Capital Group LLC now owns 1,446 shares of the company’s stock valued at $157,000 after buying an additional 596 shares during the period. 85.40% of the stock is owned by institutional investors and hedge funds.
Aon PLC (NYSE:AON) traded up 0.36% during trading on Friday, reaching $115.59. 1,213,365 shares of the company were exchanged. Aon PLC has a 12 month low of $92.88 and a 12 month high of $117.76. The firm has a market capitalization of $30.41 billion, a PE ratio of 21.31 and a beta of 1.01. The stock has a 50 day moving average price of $113.00 and a 200 day moving average price of $111.44.
Aon PLC (NYSE:AON) last released its quarterly earnings results on Friday, February 10th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.49 by $0.07. Aon PLC had a net margin of 12.75% and a return on equity of 30.61%. The firm earned $3.30 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. Aon PLC’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts expect that Aon PLC will post $6.49 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, January 30th. This represents a $1.32 dividend on an annualized basis and a yield of 1.14%. Aon PLC’s payout ratio is currently 24.49%.
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AON has been the subject of several recent research reports. RBC Capital Markets cut shares of Aon PLC from an “outperform” rating to a “sector perform” rating and set a $116.00 target price for the company. in a report on Monday, October 31st. They noted that the move was a valuation call. Royal Bank Of Canada cut shares of Aon PLC from an “outperform” rating to a “sector perform” rating in a report on Monday, October 31st. Zacks Investment Research cut shares of Aon PLC from a “hold” rating to a “sell” rating in a report on Wednesday, November 2nd. Sandler O’Neill upgraded shares of Aon PLC from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Finally, Keefe, Bruyette & Woods upgraded shares of Aon PLC from a “market perform” rating to an “outperform” rating and raised their price target for the company from $118.00 to $130.00 in a research report on Monday, November 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $115.00.
Aon PLC Company Profile
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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