Truvvo Partners LLC Invests $570,000 in Aon PLC (NYSE:AON)

Truvvo Partners LLC acquired a new position in Aon PLC (NYSE:AON) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,953 shares of the financial services provider’s stock, valued at approximately $570,000. AON accounts for approximately 0.3% of Truvvo Partners LLC’s holdings, making the stock its 23rd biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of AON. OppenheimerFunds Inc. raised its stake in AON by 7.3% during the 1st quarter. OppenheimerFunds Inc. now owns 144,550 shares of the financial services provider’s stock valued at $24,675,000 after purchasing an additional 9,889 shares during the period. Parametric Portfolio Associates LLC raised its stake in AON by 2.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 593,399 shares of the financial services provider’s stock valued at $101,293,000 after purchasing an additional 12,678 shares during the period. Martingale Asset Management L P raised its stake in AON by 31.1% during the 1st quarter. Martingale Asset Management L P now owns 168,222 shares of the financial services provider’s stock valued at $28,717,000 after purchasing an additional 39,901 shares during the period. Capital Investment Advisors LLC raised its stake in AON by 7.1% during the 2nd quarter. Capital Investment Advisors LLC now owns 1,773 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 117 shares during the period. Finally, Chesley Taft & Associates LLC raised its stake in AON by 523.7% during the 2nd quarter. Chesley Taft & Associates LLC now owns 9,667 shares of the financial services provider’s stock valued at $1,866,000 after purchasing an additional 8,117 shares during the period. 85.83% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on AON shares. Barclays set a $190.00 target price on AON and gave the company a “hold” rating in a research note on Monday, August 12th. UBS Group raised their price target on AON from $181.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, July 29th. MKM Partners upgraded AON to a “buy” rating and raised their price target for the company from $210.00 to $225.00 in a report on Monday, June 24th. ValuEngine cut AON from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Morgan Stanley raised their price target on AON from $197.00 to $200.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $186.64.

NYSE AON traded up $0.99 during trading on Friday, hitting $190.75. 21,025 shares of the stock traded hands, compared to its average volume of 705,891. The company has a market capitalization of $44.17 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 1.73 and a beta of 0.86. The firm has a 50-day simple moving average of $191.77 and a 200-day simple moving average of $183.25. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.72. Aon PLC has a 12-month low of $135.30 and a 12-month high of $198.61.

AON (NYSE:AON) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.01). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.69 billion. AON had a net margin of 13.14% and a return on equity of 48.75%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.71 EPS. As a group, research analysts predict that Aon PLC will post 9.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Wednesday, July 31st. AON’s dividend payout ratio (DPR) is 21.57%.

In other news, COO John G. Bruno sold 7,600 shares of AON stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $192.30, for a total value of $1,461,480.00. Following the completion of the transaction, the chief operating officer now owns 46,252 shares in the company, valued at approximately $8,894,259.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Neller sold 750 shares of AON stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $193.29, for a total value of $144,967.50. Following the completion of the transaction, the insider now owns 2,192 shares of the company’s stock, valued at approximately $423,691.68. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.

AON 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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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