Aon PLC (NYSE:AON) Stake Cut by Strs Ohio

Strs Ohio reduced its holdings in Aon PLC (NYSE:AON) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,776 shares of the financial services provider’s stock after selling 1,439 shares during the period. Strs Ohio’s holdings in AON were worth $23,114,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Fayerweather Charles acquired a new position in shares of AON during the 2nd quarter valued at about $212,000. Greenleaf Trust increased its holdings in shares of AON by 10.8% during the 2nd quarter. Greenleaf Trust now owns 1,534 shares of the financial services provider’s stock valued at $296,000 after acquiring an additional 150 shares during the last quarter. First Business Financial Services Inc. acquired a new position in shares of AON during the 2nd quarter valued at about $381,000. Regentatlantic Capital LLC acquired a new position in shares of AON during the 2nd quarter valued at about $330,000. Finally, World Asset Management Inc increased its holdings in shares of AON by 1.2% during the 2nd quarter. World Asset Management Inc now owns 18,231 shares of the financial services provider’s stock valued at $3,518,000 after acquiring an additional 215 shares during the last quarter. 86.31% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Eric Andersen sold 7,500 shares of AON stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.50, for a total transaction of $1,338,750.00. Following the sale, the insider now owns 80,941 shares of the company’s stock, valued at approximately $14,447,968.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Peter M. Lieb sold 11,645 shares of AON stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $180.69, for a total value of $2,104,135.05. Following the sale, the general counsel now directly owns 4,408 shares in the company, valued at approximately $796,481.52. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.

AON has been the topic of a number of analyst reports. UBS Group increased their price objective on AON from $181.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, July 29th. MKM Partners raised AON to a “buy” rating and increased their price objective for the company from $210.00 to $225.00 in a report on Monday, June 24th. ValuEngine lowered AON from a “buy” rating to a “hold” rating in a report on Tuesday. 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. Finally, Barclays raised their target price on AON from $155.00 to $182.00 and gave the company an “equal weight” rating in a report on Wednesday, May 22nd. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $185.91.

AON traded down $2.57 during midday trading on Wednesday, reaching $184.82. The company’s stock had a trading volume of 9,183 shares, compared to its average volume of 725,550. The stock has a market capitalization of $45.06 billion, a PE ratio of 22.57, a P/E/G ratio of 1.76 and a beta of 0.86. The firm has a fifty day simple moving average of $194.22. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.83 and a current ratio of 1.83. Aon PLC has a twelve month low of $135.30 and a twelve month high of $198.61.

AON (NYSE:AON) last released its earnings results on Friday, July 26th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.88 by ($0.01). The business 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% compared to the same quarter last year. During the same period last year, the business earned $1.71 EPS. As a group, sell-side analysts expect that Aon PLC will post 9.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, July 31st. AON’s payout ratio is presently 21.57%.

AON Company Profile

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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