C WorldWide Group Holding A S lessened its position in Aon plc (NYSE:AON – Free Report) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 399,312 shares of the financial services provider’s stock after selling 32,868 shares during the period. AON makes up about 2.8% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 15th biggest holding. C WorldWide Group Holding A S’s holdings in AON were worth $128,890,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in AON by 28.4% in the second quarter. NewEdge Advisors LLC now owns 14,704 shares of the financial services provider’s stock valued at $5,246,000 after acquiring an additional 3,253 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of AON by 9.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 98,084 shares of the financial services provider’s stock valued at $34,992,000 after purchasing an additional 8,216 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of AON by 35.2% in the 2nd quarter. Alliancebernstein L.P. now owns 292,210 shares of the financial services provider’s stock valued at $104,249,000 after purchasing an additional 76,061 shares during the period. Diversify Advisory Services LLC increased its stake in AON by 27.1% during the 2nd quarter. Diversify Advisory Services LLC now owns 2,734 shares of the financial services provider’s stock worth $995,000 after purchasing an additional 583 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in AON by 46.1% during the 2nd quarter. Quantinno Capital Management LP now owns 40,044 shares of the financial services provider’s stock worth $14,286,000 after purchasing an additional 12,631 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.
Insider Activity
In other news, General Counsel Darren Zeidel sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $360.00, for a total value of $216,000.00. Following the completion of the sale, the general counsel directly owned 15,354 shares of the company’s stock, valued at $5,527,440. This trade represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
AON Stock Performance
NYSE AON opened at $368.16 on Friday. The firm’s fifty day moving average price is $331.11 and its two-hundred day moving average price is $330.94. Aon plc has a 1 year low of $304.59 and a 1 year high of $381.00. The firm has a market capitalization of $78.63 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 1.87 and a beta of 0.71. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36.
AON (NYSE:AON – Get Free Report) last released its quarterly earnings data on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.37 by $0.11. The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. AON had a net margin of 22.54% and a return on equity of 43.50%. AON’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $5.67 EPS. As a group, research analysts anticipate that Aon plc will post 19.09 EPS for the current year.
AON Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 3rd. AON’s payout ratio is 18.00%.
AON Company Profile
Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.
In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.
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