276,194 Aon plc $AON Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

by · The Cerbat Gem

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Aon plc (NYSE:AON – Free Report) by 955.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 305,099 shares of the financial services provider’s stock after acquiring an additional 276,194 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned about 0.14% of AON worth $84,442,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. boosted its stake in AON by 258.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 93 shares during the last quarter. Downshift Financial LLC raised its stake in shares of AON by 15,700.0% in the third quarter. Downshift Financial LLC now owns 158 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 157 shares during the last quarter. Ashurst Perkins Coie Trust Co purchased a new stake in shares of AON in the third quarter worth approximately $60,000. Cassaday & Co Wealth Management LLC bought a new position in shares of AON in the first quarter valued at approximately $61,000. Finally, Maryland Capital Advisors Inc. boosted its position in shares of AON by 23,400.0% during the third quarter. Maryland Capital Advisors Inc. now owns 235 shares of the financial services provider’s stock valued at $65,000 after buying an additional 234 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of a number of analyst reports. Bank of America increased their price target on AON from $298.00 to $327.00 and gave the company an “underperform” rating in a research report on Wednesday, July 15th. Weiss Ratings cut AON from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. Evercore cut their price objective on shares of AON from $423.00 to $375.00 in a report on Thursday, October 8th. Jefferies Financial Group reduced their target price on shares of AON from $387.00 to $383.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Finally, Wells Fargo & Company reduced their target price on shares of AON from $383.00 to $323.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $367.59.

Check Out Our Latest Research Report on AON

AON Price Performance

Shares of NYSE AON opened at $290.06 on Tuesday. Aon plc has a twelve month low of $266.33 and a twelve month high of $382.34. The stock’s 50 day moving average price is $309.55 and its 200-day moving average price is $325.88. The company has a market capitalization of $61.53 billion, a PE ratio of 16.08, a PEG ratio of 1.53 and a beta of 0.70. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34.

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

AON Announces Dividend

The firm also recently disclosed 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. This represents a $3.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, November 2nd. AON’s dividend payout ratio is 18.08%.

Insider Buying and Selling at AON

In other AON news, Director Lester Knight bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average cost of $327.48 per share, with a total value of $6,549,600.00. Following the transaction, the director directly owned 163,000 shares in the company, valued at $53,379,240. This trade represents a 13.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Darren Zeidel sold 1,900 shares of AON stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $377.76, for a total value of $717,744.00. Following the sale, the general counsel owned 11,504 shares in the company, valued at $4,345,751.04. The trade was a 14.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.00% of the company’s stock.

About AON

(Free Report)

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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