Pathstone Family Office LLC Grows Position in Aon PLC (AON)

Pathstone Family Office LLC increased its position in Aon PLC (NYSE:AON) by 6,775.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 825 shares of the financial services provider’s stock after buying an additional 813 shares during the period. Pathstone Family Office LLC’s holdings in Aon PLC were worth $1,703,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AON. Waldron LP increased its holdings in Aon PLC by 81.2% in the first quarter. Waldron LP now owns 3,826 shares of the financial services provider’s stock worth $454,000 after buying an additional 1,714 shares during the last quarter. Cibc World Markets Corp increased its holdings in Aon PLC by 52.4% in the first quarter. Cibc World Markets Corp now owns 27,441 shares of the financial services provider’s stock worth $3,257,000 after buying an additional 9,433 shares during the last quarter. Kings Point Capital Management increased its holdings in Aon PLC by 1.6% in the first quarter. Kings Point Capital Management now owns 33,397 shares of the financial services provider’s stock worth $3,964,000 after buying an additional 533 shares during the last quarter. Financial Counselors Inc. increased its holdings in Aon PLC by 1.6% in the first quarter. Financial Counselors Inc. now owns 3,641 shares of the financial services provider’s stock worth $432,000 after buying an additional 57 shares during the last quarter. Finally, Cleararc Capital Inc. increased its holdings in Aon PLC by 0.9% in the first quarter. Cleararc Capital Inc. now owns 6,444 shares of the financial services provider’s stock worth $765,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

In related news, CEO Michael J. O’connor sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the transaction, the chief executive officer now directly owns 123,805 shares of the company’s stock, valued at approximately $17,367,365.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by insiders.

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AON has been the topic of a number of research reports. Royal Bank Of Canada restated a “hold” rating and issued a $143.00 price objective on shares of Aon PLC in a report on Wednesday, September 6th. Deutsche Bank AG increased their price objective on Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. Credit Suisse Group set a $133.00 price objective on Aon PLC and gave the stock a “sell” rating in a report on Thursday, June 22nd. Barclays PLC increased their price objective on Aon PLC from $115.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, July 3rd. Finally, Zacks Investment Research upgraded Aon PLC from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $139.00.

Shares of Aon PLC (NYSE:AON) traded up 0.60% during midday trading on Wednesday, hitting $145.31. 191,565 shares of the stock traded hands. The company has a market capitalization of $36.96 billion, a PE ratio of 21.23 and a beta of 1.02. The firm’s 50 day moving average price is $139.76 and its 200 day moving average price is $130.04. Aon PLC has a 12-month low of $107.19 and a 12-month high of $145.40.

Aon PLC (NYSE:AON) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.45. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the prior year, the business posted $1.39 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. Analysts expect that Aon PLC will post $6.50 EPS for the current year.

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.

Institutional Ownership by Quarter for Aon PLC (NYSE:AON)

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