Parkside Financial Bank & Trust Sells 131 Shares of Aon PLC (NYSE:AON)

Parkside Financial Bank & Trust lessened its position in shares of Aon PLC (NYSE:AON) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,716 shares of the financial services provider’s stock after selling 131 shares during the period. Parkside Financial Bank & Trust’s holdings in AON were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. NEXT Financial Group Inc bought a new position in shares of AON in the 2nd quarter worth $25,000. Cerebellum GP LLC purchased a new stake in shares of AON in the 3rd quarter valued at $28,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of AON in the 2nd quarter valued at $31,000. Capital Investment Advisory Services LLC purchased a new stake in shares of AON in the 2nd quarter valued at $37,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of AON in the 3rd quarter valued at $39,000. 86.37% of the stock is currently owned by institutional investors and hedge funds.

AON traded up $0.17 during trading on Friday, hitting $194.57. 799,463 shares of the stock traded hands, compared to its average volume of 914,349. The firm has a market capitalization of $45.22 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 1.76 and a beta of 0.86. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a 50-day moving average of $192.06 and a 200 day moving average of $189.50. Aon PLC has a 12-month low of $135.30 and a 12-month high of $198.61.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.02. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.46 billion. AON had a net margin of 13.79% and a return on equity of 51.63%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 EPS. As a group, equities analysts predict that Aon PLC will post 9.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.76 annualized dividend and a yield of 0.90%. AON’s payout ratio is currently 21.57%.

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In other AON news, insider Anthony R. Goland sold 1,703 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $194.79, for a total transaction of $331,727.37. Following the completion of the sale, the insider now owns 15,589 shares of the company’s stock, valued at approximately $3,036,581.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO John G. Bruno sold 7,600 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $192.30, for a total transaction of $1,461,480.00. Following the sale, the chief operating officer now directly owns 46,252 shares of the company’s stock, valued at approximately $8,894,259.60. The disclosure for this sale can be found here. Insiders have sold a total of 15,053 shares of company stock valued at $2,906,175 in the last three months. 0.92% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on AON. Barclays set a $190.00 price objective on shares of AON and gave the company a “hold” rating in a research note on Monday, August 12th. ValuEngine cut shares of AON from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. UBS Group upped their price objective on shares of AON from $181.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $195.00 price objective on shares of AON in a research note on Friday, July 26th. Finally, Morgan Stanley upped their price objective on shares of AON from $197.00 to $200.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $190.11.

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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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