Pacer Advisors Inc. Reduces Stock Position in Aon plc $AON

Pacer Advisors Inc. lessened its holdings in Aon plc (NYSE:AONFree Report) by 30.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 13,647 shares of the financial services provider’s stock after selling 5,857 shares during the period. Pacer Advisors Inc.’s holdings in AON were worth $4,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wealth Watch Advisors INC bought a new stake in AON during the 3rd quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. bought a new position in AON in the 4th quarter worth about $27,000. Kemnay Advisory Services Inc. bought a new position in AON in the 4th quarter worth about $29,000. Eagle Bay Advisors LLC purchased a new position in shares of AON during the fourth quarter worth approximately $30,000. Finally, Strive Asset Management LLC bought a new stake in shares of AON during the third quarter valued at approximately $35,000. 86.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AON

In related news, General Counsel Darren Zeidel sold 1,900 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $377.76, for a total transaction of $717,744.00. Following the transaction, the general counsel directly owned 11,504 shares in the company, valued at $4,345,751.04. The trade was a 14.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 4,450 shares of company stock valued at $1,659,242. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on AON shares. Cantor Fitzgerald increased their price objective on AON from $416.00 to $445.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AON in a research report on Friday, July 17th. Mizuho increased their price target on AON from $426.00 to $437.00 and gave the stock an “outperform” rating in a research report on Monday. Keefe, Bruyette & Woods raised their price target on AON from $400.00 to $412.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price objective on AON from $406.00 to $419.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $410.75.

Get Our Latest Report on AON

AON Stock Up 0.1%

Shares of AON stock opened at $360.49 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34. The company has a market cap of $76.47 billion, a P/E ratio of 19.87, a PEG ratio of 1.86 and a beta of 0.69. The firm’s 50 day moving average price is $344.27 and its 200-day moving average price is $332.34. Aon plc has a 52-week low of $304.59 and a 52-week high of $382.34.

AON (NYSE:AONGet Free Report) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, beating analysts’ consensus estimates of $3.80 by $0.01. AON had a net margin of 22.27% and a return on equity of 42.13%. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the prior year, the company posted $3.49 earnings per share. AON’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side analysts predict that Aon plc will post 19.06 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be given a $0.82 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. AON’s dividend payout ratio (DPR) is presently 18.08%.

AON Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon plc (NYSE:AONFree Report).

Institutional Ownership by Quarter for AON (NYSE:AON)

Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.