Citigroup Inc. Has $85.34 Million Holdings in Aon plc $AON

Citigroup Inc. grew its position in Aon plc (NYSE:AON) by 21.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 239,320 shares of the financial services provider’s stock after purchasing an additional 42,656 shares during the quarter. Citigroup Inc. owned about 0.11% of AON worth $85,337,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Barings LLC increased its stake in AON by 1,241.0% during the 3rd quarter. Barings LLC now owns 59,633 shares of the financial services provider’s stock worth $21,264,000 after acquiring an additional 55,186 shares during the period. Stevens Capital Management LP lifted its holdings in shares of AON by 191.0% during the 3rd quarter. Stevens Capital Management LP now owns 1,877 shares of the financial services provider’s stock worth $669,000 after acquiring an additional 1,232 shares during the period. Raiffeisen Bank International AG increased its stake in AON by 112.9% in the third quarter. Raiffeisen Bank International AG now owns 3,430 shares of the financial services provider’s stock valued at $1,216,000 after acquiring an additional 1,819 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in AON by 11.7% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 771 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 81 shares in the last quarter. Finally, Bridgewater Advisors Inc. lifted its stake in AON by 0.7% during the third quarter. Bridgewater Advisors Inc. now owns 21,841 shares of the financial services provider’s stock worth $7,426,000 after purchasing an additional 154 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AON

In other news, Director Lester B. Knight acquired 4,000 shares of AON stock in a transaction dated Tuesday, February 10th. The shares were bought at an average cost of $319.24 per share, with a total value of $1,276,960.00. Following the purchase, the director owned 143,000 shares in the company, valued at $45,651,320. This trade represents a 2.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Darren Zeidel sold 5,040 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $325.79, for a total transaction of $1,641,981.60. Following the sale, the general counsel owned 20,254 shares of the company’s stock, valued at approximately $6,598,550.66. This trade represents a 19.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AON has been the subject of a number of research analyst reports. Cantor Fitzgerald boosted their price target on AON from $393.00 to $412.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of AON in a research note on Monday, December 29th. Jefferies Financial Group restated a “buy” rating and issued a $408.00 price target on shares of AON in a research note on Monday, February 2nd. Wells Fargo & Company lowered their price objective on shares of AON from $448.00 to $443.00 and set an “overweight” rating for the company in a research report on Sunday, February 1st. Finally, TD Cowen cut their target price on shares of AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, AON currently has an average rating of “Moderate Buy” and a consensus target price of $409.75.

AON Trading Up 0.3%

Shares of NYSE AON opened at $325.14 on Monday. The stock has a market cap of $69.67 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 1.71 and a beta of 0.83. The firm has a 50 day moving average price of $341.99 and a two-hundred day moving average price of $350.53. 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 plc has a 52-week low of $304.59 and a 52-week high of $412.97.

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

AON Dividend Announcement

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

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.