Parkside Financial Bank & Trust cut its holdings in shares of Aon PLC (NYSE:AON) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,716 shares of the financial services provider’s stock after selling 131 shares during the quarter. Parkside Financial Bank & Trust’s holdings in AON were worth $1,106,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Neville Rodie & Shaw Inc. acquired a new stake in shares of AON during the 2nd quarter worth approximately $212,000. Dorsey Wright & Associates boosted its position in AON by 10.6% in the second quarter. Dorsey Wright & Associates now owns 1,872 shares of the financial services provider’s stock valued at $361,000 after buying an additional 179 shares in the last quarter. Swedbank boosted its position in AON by 4.5% in the second quarter. Swedbank now owns 646,297 shares of the financial services provider’s stock valued at $124,722,000 after buying an additional 27,901 shares in the last quarter. Carroll Financial Associates Inc. boosted its position in AON by 209.8% in the second quarter. Carroll Financial Associates Inc. now owns 2,249 shares of the financial services provider’s stock valued at $434,000 after buying an additional 1,523 shares in the last quarter. Finally, TrimTabs Asset Management LLC acquired a new stake in AON in the second quarter valued at approximately $1,299,000. 86.37% of the stock is currently owned by institutional investors.
In other AON news, insider Michael Neller sold 750 shares of AON stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $193.29, for a total value of $144,967.50. Following the completion of the sale, the insider now directly owns 2,192 shares of the company’s stock, valued at $423,691.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO John G. Bruno sold 7,600 shares of AON stock in a transaction on Friday, August 30th. The shares were sold at an average price of $192.30, for a total transaction of $1,461,480.00. Following the completion of the sale, the chief operating officer now directly owns 46,252 shares of the company’s stock, valued at $8,894,259.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,053 shares of company stock valued at $2,906,175. Insiders own 0.92% of the company’s stock.
AON (NYSE:AON) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.02. AON had a net margin of 13.79% and a return on equity of 51.63%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the business earned $1.30 earnings per share. AON’s revenue was up 2.2% compared to the same quarter last year. Analysts predict that Aon PLC will post 9.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, October 31st. AON’s dividend payout ratio is presently 21.57%.
AON has been the topic of a number of research analyst reports. ValuEngine lowered shares of AON from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. UBS Group raised their target price on shares of AON from $181.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Wells Fargo & Co restated a “hold” rating and issued a $195.00 target price on shares of AON in a research report on Friday, July 26th. Barclays set a $190.00 target price on shares of AON and gave the company a “hold” rating in a research report on Monday, August 12th. Finally, Morgan Stanley lifted their price target on shares of AON from $197.00 to $200.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $190.11.
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.
Recommended Story: Dow Jones Industrial Average (DJIA)
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).
Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.