Aon PLC (AON) Holdings Trimmed by CI Global Investments Inc.

CI Global Investments Inc. cut its position in shares of Aon PLC (NYSE:AON) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 85,907 shares of the financial services provider’s stock after selling 7,215 shares during the quarter. CI Global Investments Inc.’s holdings in Aon PLC were worth $12,551,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of AON. Janus Henderson Group PLC increased its position in shares of Aon PLC by 1,108.1% during the 2nd quarter. Janus Henderson Group PLC now owns 3,180,268 shares of the financial services provider’s stock valued at $422,814,000 after purchasing an additional 2,917,018 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Aon PLC by 2,385.5% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,224,194 shares of the financial services provider’s stock valued at $162,757,000 after purchasing an additional 1,174,940 shares during the period. APG Asset Management N.V. increased its position in shares of Aon PLC by 139.9% during the 3rd quarter. APG Asset Management N.V. now owns 953,932 shares of the financial services provider’s stock valued at $139,369,000 after purchasing an additional 556,300 shares during the period. Vanguard Group Inc. increased its position in shares of Aon PLC by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 17,812,319 shares of the financial services provider’s stock valued at $2,368,149,000 after purchasing an additional 415,363 shares during the period. Finally, Egerton Capital UK LLP acquired a new position in shares of Aon PLC during the 2nd quarter valued at $45,094,000. Institutional investors own 88.46% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Aon PLC from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $154.00 price target on shares of Aon PLC in a research report on Monday, October 16th. Jefferies Group LLC reiterated a “buy” rating and set a $162.00 price target on shares of Aon PLC in a research report on Friday, October 13th. Barclays PLC lifted their price target on Aon PLC from $135.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, October 16th. Finally, ValuEngine cut Aon PLC from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $144.42.

In other news, CEO Michael J. O’connor sold 10,000 shares of Aon PLC stock in a transaction 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 owns 123,805 shares in the company, valued at $17,367,365.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 30,000 shares of company stock worth $4,285,200 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.

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Shares of Aon PLC (AON) traded down $1.36 during midday trading on Tuesday, hitting $141.89. The company had a trading volume of 971,700 shares, compared to its average volume of 1,079,664. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.08. The firm has a market cap of $35,797.84, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.86 and a beta of 1.06. Aon PLC has a twelve month low of $109.18 and a twelve month high of $152.78.

Aon PLC (NYSE:AON) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Aon PLC had a return on equity of 32.71% and a net margin of 16.78%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. Aon PLC’s revenue for the quarter was up 6.3% compared to the same quarter last year. sell-side analysts expect that Aon PLC will post 6.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.01%. Aon PLC’s dividend payout ratio is 21.79%.

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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