Bartlett & Co. LLC Grows Stock Holdings in Aon PLC (NYSE:AON)

Bartlett & Co. LLC grew its holdings in shares of Aon PLC (NYSE:AON) by 26,150.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,675 shares of the financial services provider’s stock after purchasing an additional 3,661 shares during the period. Bartlett & Co. LLC’s holdings in AON were worth $711,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Longview Partners Guernsey LTD increased its position in shares of AON by 8.9% during the second quarter. Longview Partners Guernsey LTD now owns 6,502,583 shares of the financial services provider’s stock valued at $1,254,868,000 after acquiring an additional 531,216 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of AON by 7.1% during the second quarter. Capital Investment Advisors LLC now owns 1,773 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 117 shares in the last quarter. Chesley Taft & Associates LLC increased its position in shares of AON by 523.7% during the second quarter. Chesley Taft & Associates LLC now owns 9,667 shares of the financial services provider’s stock valued at $1,866,000 after acquiring an additional 8,117 shares in the last quarter. Calamos Advisors LLC increased its position in shares of AON by 646.8% during the second quarter. Calamos Advisors LLC now owns 82,150 shares of the financial services provider’s stock valued at $15,853,000 after acquiring an additional 71,150 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. increased its position in shares of AON by 29.3% during the third quarter. Menora Mivtachim Holdings LTD. now owns 326,900 shares of the financial services provider’s stock valued at $63,278,000 after acquiring an additional 74,100 shares in the last quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.

In other news, insider Anthony R. Goland sold 1,703 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $194.79, for a total transaction of $331,727.37. Following the completion of the sale, the insider now owns 15,589 shares of the company’s stock, valued at approximately $3,036,581.31. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director J Michael Losh sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $193.60, for a total transaction of $968,000.00. Following the sale, the director now directly owns 19,366 shares of the company’s stock, valued at approximately $3,749,257.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,053 shares of company stock valued at $2,906,175. 0.92% of the stock is currently owned by insiders.

NYSE:AON opened at $194.57 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 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. The company has a market cap of $45.22 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.76 and a beta of 0.86. The company has a 50 day simple moving average of $192.06 and a two-hundred day simple moving average of $189.50.

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AON (NYSE:AON) last posted its 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 business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. Research analysts forecast that Aon PLC will post 9.15 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, October 31st. AON’s dividend payout ratio (DPR) is presently 21.57%.

AON has been the subject of several analyst reports. UBS Group raised their price target 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. Barclays set a $190.00 price target on shares of AON and gave the company a “hold” rating in a research report on Monday, August 12th. Wells Fargo & Co reissued a “hold” rating and set a $195.00 price target on shares of AON in a research report on Friday, July 26th. ValuEngine downgraded shares of AON from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Morgan Stanley lifted their target price on shares of AON from $197.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $190.11.

About AON

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.

Further Reading: Percentage Decliners

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Institutional Ownership by Quarter for AON (NYSE:AON)

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