Aon plc $AON Stock Acquired by Alpha Family Trust

Key Points

• Alpha Family Trust increased its Aon stake by 450.7% in the third quarter, acquiring 3,110 shares to hold 3,800 shares valued at about $1.05 million.
• Several other institutional investors also boosted their positions; institutions collectively own 86.14% of Aon. Director Lester Knight separately bought 20,000 shares for approximately $6.55 million.
• Aon beat quarterly earnings and revenue expectations, reporting EPS of $3.36 and revenue of $4.10 billion. Analysts’ consensus rating was “Hold,” with an average price target of $369.12.

Alpha Family Trust grew its holdings in shares of Aon plc (NYSE:AON - Free Report) by 450.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,800 shares of the financial services provider's stock after buying an additional 3,110 shares during the period. Alpha Family Trust's holdings in AON were worth $1,052,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in AON. Robeco Institutional Asset Management B.V. increased its position in shares of AON by 11,179.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,026,135 shares of the financial services provider's stock worth $1,114,313,000 after acquiring an additional 3,990,441 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of AON by 16.3% in the first quarter. Bank of America Corp DE now owns 1,582,680 shares of the financial services provider's stock valued at $510,857,000 after purchasing an additional 222,092 shares in the last quarter. Amundi boosted its position in shares of AON by 23.5% during the first quarter. Amundi now owns 1,502,890 shares of the financial services provider's stock valued at $485,103,000 after buying an additional 285,549 shares during the last quarter. Dimensional Fund Advisors LP raised its position in AON by 20.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,253,769 shares of the financial services provider's stock valued at $404,709,000 after buying an additional 213,051 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in AON by 2,986.4% during the 3rd quarter. Retirement Systems of Alabama now owns 1,384,829 shares of the financial services provider's stock valued at $383,279,000 after acquiring an additional 1,339,960 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Insider Buying and Selling

In other AON news, Director Lester Knight purchased 20,000 shares of the firm's stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average cost of $327.48 per share, with a total value of $6,549,600.00. Following the completion of the purchase, the director owned 163,000 shares of the company's stock, valued at $53,379,240. The trade was a 13.99% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by insiders.

AON Stock Up 0.4%

AON stock opened at $335.99 on Tuesday. The company's 50 day moving average is $300.07 and its 200 day moving average is $325.95. The stock has a market cap of $71.28 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.82 and a beta of 0.63. The company has a current ratio of 4.72, a quick ratio of 4.72 and a debt-to-equity ratio of 2.58. Aon plc has a 1-year low of $266.33 and a 1-year high of $382.34.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.06. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. AON had a net margin of 22.24% and a return on equity of 40.46%. AON's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.05 earnings per share. Sell-side analysts predict that Aon plc will post 18.47 EPS for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be paid a $0.82 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $3.28 annualized dividend and a yield of 1.0%. AON's dividend payout ratio is currently 17.96%.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of research analyst reports. BMO Capital Markets raised AON from a "market perform" rating to an "outperform" rating and increased their price target for the company from $319.00 to $380.00 in a research report on Tuesday, November 3rd. The Goldman Sachs Group increased their price target on shares of AON from $375.00 to $401.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Raymond James Financial upgraded shares of AON from an "underperform" rating to a "market perform" rating in a report on Monday, November 2nd. Roth Capital set a $380.00 price target on AON and gave the stock a "buy" rating in a research note on Tuesday, September 1st. Finally, Citigroup began coverage on AON in a research note on Monday, September 21st. They issued a "buy" rating and a $435.00 price objective on the stock. Thirteen analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $369.12.

AON Profile

Aon plc is a global professional services firm that helps organizations manage risk and make decisions about their people and finances. Its services include insurance brokerage, risk consulting, reinsurance solutions, employee benefits consulting and retirement and investment advisory services.

The company serves businesses and institutions across a broad range of industries and geographies. Aon was formed in 1982 as Ryan Insurance Group and adopted the Aon name in 1987. It is headquartered in Dublin, Ireland, and operates internationally.

Greg Case has served as Aon's chief executive officer since 2005.

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