The Paradigm Asset Management Co. LLC Acquires New Position in Aon PLC (AON), Report finds

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Carroll Financial Associates Inc. raised its position in shares of Aon PLC by 0.8% in the third quarter. Carroll Financial Associates Inc. now owns 907 shares of the company’s stock valued at $102,000 after buying an additional 7 shares during the last quarter. Cornerstone Advisors Inc. raised its position in shares of Aon PLC by 1,102.6% in the third quarter. Cornerstone Advisors Inc. now owns 1,371 shares of the company’s stock valued at $154,000 after buying an additional 1,257 shares during the last quarter. Hudock Capital Group LLC raised its position in shares of Aon PLC by 70.1% in the second quarter. Hudock Capital Group LLC now owns 1,446 shares of the company’s stock valued at $157,000 after buying an additional 596 shares during the last quarter. SRB Corp raised its position in shares of Aon PLC by 6.9% in the third quarter. SRB Corp now owns 1,433 shares of the company’s stock valued at $161,000 after buying an additional 92 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Aon PLC by 0.5% in the third quarter. Quadrant Capital Group LLC now owns 1,619 shares of the company’s stock valued at $178,000 after buying an additional 8 shares during the last quarter. Institutional investors and hedge funds own 83.61% of the company’s stock.

Paradigm Asset Management Co. LLC acquired a new stake in Aon PLC (NYSE:AON) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,000 shares of the company’s stock, valued at approximately $112,000.

Aon PLC (NYSE:AON) traded down 0.01% during mid-day trading on Monday, hitting $115.58. 334,697 shares of the stock were exchanged. Aon PLC has a one year low of $92.88 and a one year high of $117.76. The company has a market cap of $30.70 billion, a P/E ratio of 22.40 and a beta of 1.01. The company has a 50-day moving average price of $113.00 and a 200-day moving average price of $111.44.

Aon PLC (NYSE:AON) last posted its earnings results on Friday, February 10th. The company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.07. Aon PLC had a net margin of 12.01% and a return on equity of 32.46%. The business earned $3.30 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the previous year, the firm posted $2.27 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. On average, analysts predict that Aon PLC will post $6.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Monday, January 30th. Aon PLC’s dividend payout ratio (DPR) is presently 25.53%.

Several research analysts have recently weighed in on AON shares. Jefferies Group LLC increased their price objective on shares of Aon PLC to $137.00 in a report on Monday. Sandler O’Neill raised shares of Aon PLC from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Langen Mcalenn reissued a “buy” rating on shares of Aon PLC in a research report on Friday, December 30th. Barclays PLC reissued a “hold” rating and set a $110.00 target price on shares of Aon PLC in a research report on Monday, January 9th. Finally, Zacks Investment Research raised shares of Aon PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, January 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $118.55.

Aon PLC Company Profile

Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.

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