Evergreen Capital Management LLC Purchases 287,951 Shares of Aon plc $AON

Evergreen Capital Management LLC grew its position in Aon plc (NYSE:AON - Free Report) by 10,298.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 290,747 shares of the financial services provider's stock after acquiring an additional 287,951 shares during the quarter. AON makes up approximately 1.4% of Evergreen Capital Management LLC's holdings, making the stock its 13th largest position. Evergreen Capital Management LLC owned 0.14% of AON worth $80,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its stake in 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 purchasing an additional 3,990,441 shares during the last quarter. Bank of America Corp DE increased its stake in AON by 16.3% during 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 during the last quarter. Amundi increased its stake in 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 purchasing an additional 285,549 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of AON by 20.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,253,769 shares of the financial services provider's stock worth $404,709,000 after purchasing an additional 213,051 shares during the period. Finally, Ninety One UK Ltd raised its holdings in shares of AON by 419.8% during the third quarter. Ninety One UK Ltd now owns 836,932 shares of the financial services provider's stock worth $231,638,000 after purchasing an additional 675,919 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

Shares of AON opened at $303.47 on Friday. The company has a market cap of $64.37 billion, a P/E ratio of 16.73, a PEG ratio of 1.59 and a beta of 0.70. The stock has a fifty day moving average price of $305.15 and a 200 day moving average price of $325.24. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.54 and a quick ratio of 1.54. Aon plc has a 12 month low of $266.33 and a 12 month high of $382.34.

AON (NYSE:AON - Get Free Report) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.01. AON had a return on equity of 42.13% and a net margin of 22.27%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the company earned $3.49 earnings per share. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts forecast that Aon plc will post 18.73 earnings per share for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, November 2nd. AON's dividend payout ratio (DPR) is 18.08%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of AON from a "hold" rating to a "sell" rating in a research report on Sunday, September 6th. Weiss Ratings downgraded shares of AON from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, September 17th. JPMorgan Chase & Co. dropped their price objective on shares of AON from $412.00 to $362.00 and set an "overweight" rating on the stock in a research note on Thursday, October 1st. TD Cowen increased their price objective on shares of AON from $416.00 to $420.00 and gave the stock a "buy" rating in a research note on Monday, September 14th. Finally, Bank of America raised their target price on shares of AON from $298.00 to $327.00 and gave the stock an "underperform" rating in a report on Wednesday, July 15th. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $367.59.

Insider Transactions at AON

In related news, General Counsel Darren Zeidel sold 1,900 shares of AON stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total value of $717,744.00. Following the sale, the general counsel directly owned 11,504 shares in the company, valued at $4,345,751.04. This trade represents a 14.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lester Knight bought 20,000 shares of AON 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 directly owned 163,000 shares in the company, valued at $53,379,240. This trade represents a 13.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is owned by company insiders.

About AON

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon's human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.

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