CI Investments Inc. Increases Stock Position in Aon plc (NYSE:AON)

CI Investments Inc. raised its position in shares of Aon plc (NYSE:AON – Get Rating) by 109.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 562 shares of the financial services provider’s stock after buying an additional 294 shares during the period. CI Investments Inc.’s holdings in AON were worth $169,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new stake in shares of AON in the 3rd quarter worth about $25,000. Mendota Financial Group LLC purchased a new stake in shares of AON in the 4th quarter worth about $30,000. Bell Investment Advisors Inc lifted its position in shares of AON by 43.0% in the 4th quarter. Bell Investment Advisors Inc now owns 123 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 37 shares during the period. Boyd Watterson Asset Management LLC OH purchased a new stake in shares of AON in the 4th quarter worth about $41,000. Finally, Western Pacific Wealth Management LP increased its stake in shares of AON by 56.4% in the 4th quarter. Western Pacific Wealth Management LP now owns 172 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 86.12% of the company’s stock.

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AON Stock Down 0.8 %

NYSE:AON opened at $312.01 on Thursday. Aon plc has a fifty-two week low of $246.21 and a fifty-two week high of $338.27. The company has a debt-to-equity ratio of 182.36, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a market capitalization of $63.73 billion, a P/E ratio of 25.04, a P/E/G ratio of 2.39 and a beta of 0.90. The company’s 50-day simple moving average is $321.39 and its 200-day simple moving average is $311.48.

AON (NYSE:AON – Get Rating) last posted its earnings results on Friday, April 28th. The financial services provider reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.32 by ($0.15). AON had a net margin of 20.63% and a negative return on equity of 4,553.36%. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same period last year, the firm earned $4.83 earnings per share. AON’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Aon plc will post 14.41 earnings per share for the current fiscal year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were paid a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a yield of 0.79%. The ex-dividend date was Friday, April 28th. This is a boost from AON’s previous quarterly dividend of $0.56. AON’s payout ratio is 19.74%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AON shares. Roth Capital reiterated a “buy” rating on shares of AON in a research note on Tuesday, February 7th. Wells Fargo & Company increased their price target on shares of AON from $320.00 to $321.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 5th. JPMorgan Chase & Co. increased their price target on shares of AON from $320.00 to $322.00 and gave the stock a “neutral” rating in a research note on Friday, March 31st. Citigroup increased their price target on shares of AON from $340.00 to $344.00 in a research note on Tuesday, April 18th. Finally, Jefferies Financial Group raised their price objective on shares of AON from $313.00 to $314.00 and gave the company a “hold” rating in a research note on Monday, April 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $319.00.

Insiders Place Their Bets

In other news, President Eric Andersen sold 7,500 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $335.55, for a total transaction of $2,516,625.00. Following the transaction, the president now owns 144,164 shares of the company’s stock, valued at approximately $48,374,230.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

AON Profile

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Aon Plc engages in the provision of risk, health, and wealth solutions. It operates through Global Professional Services Firm segment. The Global Professional Services Firm segment involves in the provides advice and solutions to clients focused on risk, health and wealth through four principal products and services.

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