Chesley Taft & Associates LLC Increases Stock Position in Aon PLC (NYSE:AON)

Chesley Taft & Associates LLC grew its position in Aon PLC (NYSE:AON) by 523.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,667 shares of the financial services provider’s stock after acquiring an additional 8,117 shares during the period. Chesley Taft & Associates LLC’s holdings in AON were worth $1,866,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in AON by 4.0% during the first quarter. BlackRock Inc. now owns 16,630,110 shares of the financial services provider’s stock worth $2,838,761,000 after buying an additional 632,726 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in AON by 12.3% during the first quarter. Lazard Asset Management LLC now owns 9,299,944 shares of the financial services provider’s stock worth $1,587,498,000 after buying an additional 1,017,180 shares in the last quarter. Mawer Investment Management Ltd. boosted its holdings in AON by 7.8% during the first quarter. Mawer Investment Management Ltd. now owns 6,185,665 shares of the financial services provider’s stock worth $1,055,893,000 after buying an additional 448,696 shares in the last quarter. Boston Partners boosted its holdings in AON by 14.5% during the first quarter. Boston Partners now owns 4,162,350 shares of the financial services provider’s stock worth $710,513,000 after buying an additional 528,189 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in AON by 2.2% during the first quarter. Janus Henderson Group PLC now owns 3,777,800 shares of the financial services provider’s stock worth $644,865,000 after buying an additional 79,619 shares in the last quarter. 85.91% of the stock is currently owned by institutional investors and hedge funds.

NYSE:AON opened at $189.18 on Friday. The firm has a 50 day simple moving average of $193.60 and a 200-day simple moving average of $180.35. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market cap of $43.92 billion, a PE ratio of 23.18, a P/E/G ratio of 1.72 and a beta of 0.86. Aon PLC has a 1-year low of $135.30 and a 1-year high of $198.61.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.01). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.69 billion. AON had a net margin of 13.14% and a return on equity of 48.75%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.71 EPS. As a group, sell-side analysts expect that Aon PLC will post 9.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Wednesday, July 31st. AON’s dividend payout ratio is presently 21.57%.

A number of analysts recently commented on the stock. Atlantic Securities downgraded shares of AON from an “overweight” rating to a “neutral” rating and set a $190.00 price objective on the stock. in a report on Friday, June 14th. Wells Fargo & Co reissued a “hold” rating and set a $195.00 price objective on shares of AON in a report on Friday, July 26th. Barclays set a $190.00 price target on shares of AON and gave the company a “hold” rating in a report on Monday. Morgan Stanley upped their price target on shares of AON from $197.00 to $200.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Finally, UBS Group upped their price target on shares of AON from $181.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. AON currently has a consensus rating of “Hold” and a consensus target price of $186.64.

In other news, General Counsel Peter M. Lieb sold 11,645 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $180.69, for a total value of $2,104,135.05. Following the completion of the transaction, the general counsel now owns 4,408 shares of the company’s stock, valued at $796,481.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.92% of the company’s stock.

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.

Featured Story: Stop Order

Institutional Ownership by Quarter for AON (NYSE:AON)

Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.