Pacer Advisors Inc. lessened its holdings in Aon plc (NYSE:AON – Free 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
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:AON – Get 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
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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