Aon plc $AON is Altrinsic Global Advisors LLC’s 4th Largest Position

Altrinsic Global Advisors LLC decreased its position in shares of Aon plc (NYSE:AON) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 682,886 shares of the financial services provider’s stock after selling 9,747 shares during the quarter. AON makes up about 9.0% of Altrinsic Global Advisors LLC’s portfolio, making the stock its 4th biggest holding. Altrinsic Global Advisors LLC owned approximately 0.32% of AON worth $243,503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AON. Westside Investment Management Inc. grew its stake in shares of AON by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after buying an additional 35 shares during the period. Wealth Watch Advisors INC purchased a new stake in shares of AON during the 3rd quarter valued at approximately $25,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of AON during the 3rd quarter valued at approximately $29,000. Salomon & Ludwin LLC acquired a new position in AON in the third quarter valued at approximately $31,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in AON in the second quarter worth approximately $37,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Price Performance

Shares of AON opened at $321.39 on Friday. The company has a market cap of $68.86 billion, a P/E ratio of 18.88, a PEG ratio of 1.70 and a beta of 0.82. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $402.49. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.55. The firm’s 50 day moving average price is $334.50 and its 200 day moving average price is $346.42.

AON (NYSE:AON) last issued its quarterly earnings results 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. AON had a net margin of 21.51% and a return on equity of 45.23%. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter last year, the company posted $4.42 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have commented on AON. Weiss Ratings restated a “hold (c+)” rating on shares of AON in a research report on Monday, December 29th. Morgan Stanley set a $400.00 price objective on AON in a research report on Tuesday, December 16th. JPMorgan Chase & Co. reduced their price objective on shares of AON from $433.00 to $406.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Citigroup lifted their target price on shares of AON from $402.00 to $412.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Finally, Mizuho upgraded AON from a “neutral” rating to an “outperform” rating and set a $397.00 price target for the company in a research report on Friday, February 27th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $408.94.

Insider Activity

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

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.