Great Lakes Advisors LLC decreased its stake in Aon PLC (NYSE:AON) by 3.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 34,372 shares of the financial services provider’s stock after selling 1,147 shares during the period. Great Lakes Advisors LLC’s holdings in AON were worth $5,867,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Aurora Investment Counsel grew its stake in AON by 0.5% during the first quarter. Aurora Investment Counsel now owns 11,577 shares of the financial services provider’s stock worth $1,976,000 after purchasing an additional 58 shares during the period. Cornerstone Advisors Inc. boosted its holdings in AON by 4.7% in the first quarter. Cornerstone Advisors Inc. now owns 1,578 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 71 shares in the last quarter. Westbourne Investment Advisors Inc. boosted its holdings in AON by 2.7% in the first quarter. Westbourne Investment Advisors Inc. now owns 2,880 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 75 shares in the last quarter. Glenview State Bank Trust DEPT. boosted its holdings in AON by 1.8% in the fourth quarter. Glenview State Bank Trust DEPT. now owns 4,425 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 80 shares in the last quarter. Finally, ETF Managers Group LLC boosted its holdings in AON by 9.3% in the first quarter. ETF Managers Group LLC now owns 1,027 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 87 shares in the last quarter. 84.63% of the stock is owned by institutional investors.
In other news, General Counsel Peter M. Lieb sold 5,200 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $178.39, for a total value of $927,628.00. Following the transaction, the general counsel now owns 16,446 shares in the company, valued at $2,933,801.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric Andersen sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.50, for a total value of $1,338,750.00. Following the completion of the transaction, the insider now owns 80,941 shares in the company, valued at approximately $14,447,968.50. The disclosure for this sale can be found here. 0.92% of the stock is owned by company insiders.
AON (NYSE:AON) last posted its earnings results on Friday, April 26th. The financial services provider reported $3.31 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $3.31. AON had a return on equity of 46.15% and a net margin of 11.08%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same quarter last year, the company earned $2.97 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts anticipate that Aon PLC will post 9.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.40. AON’s dividend payout ratio (DPR) is currently 21.57%.
Several research analysts have issued reports on AON shares. Wells Fargo & Co reiterated a “hold” rating on shares of AON in a report on Friday, April 5th. ValuEngine lowered AON from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. MKM Partners upgraded AON from a “neutral” rating to a “buy” rating and increased their price target for the stock from $155.00 to $200.00 in a report on Monday, February 4th. William Blair reiterated a “market perform” rating on shares of AON in a report on Friday, February 1st. Finally, Morgan Stanley increased their price target on AON from $169.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 15th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. AON presently has a consensus rating of “Hold” and an average target price of $173.10.
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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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