136,475 Aon plc $AON Shares Sold by Vestor Capital LLC

Vestor Capital LLC reduced its stake in shares of Aon plc (NYSE:AON – Free Report) by 64.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 74,142 shares of the financial services provider’s stock after selling 136,475 shares during the period. AON comprises approximately 0.6% of Vestor Capital LLC’s portfolio, making the stock its 28th biggest position. Vestor Capital LLC’s holdings in AON were worth $20,520,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Downshift Financial LLC grew its position in AON by 15,700.0% during the third quarter. Downshift Financial LLC now owns 158 shares of the financial services provider’s stock valued at $44,000 after buying an additional 157 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in shares of AON during the 1st quarter worth approximately $61,000. Ashurst Perkins Coie Trust Co purchased a new stake in AON in the third quarter worth $60,000. Elevation Wealth Partners LLC grew its stake in shares of AON by 35.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 221 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 58 shares during the period. Finally, Basecamp Wealth Advisors LLC increased its holdings in AON by 25.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AON shares. Mizuho lowered their price objective on AON from $366.00 to $324.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 7th. Jefferies Financial Group dropped their price target on shares of AON from $387.00 to $383.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Wall Street Zen downgraded shares of AON from a “hold” rating to a “sell” rating in a report on Sunday, September 6th. Bank of America raised their price target on AON from $298.00 to $327.00 and gave the stock an “underperform” rating in a report on Wednesday, July 15th. Finally, Evercore cut their target price on AON from $423.00 to $375.00 in a research note on Thursday, October 8th. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus target price of $369.12.

Check Out Our Latest Research Report on AON

Insider Buying and Selling at AON

In other AON news, Director Lester Knight acquired 20,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the acquisition, the director owned 163,000 shares in the company, valued at $53,379,240. The trade was a 13.99% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

AON Price Performance

AON stock opened at $335.99 on Tuesday. Aon plc has a 52 week low of $266.33 and a 52 week high of $382.34. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 2.58. The stock has a market cap of $71.28 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 1.82 and a beta of 0.63. The business has a 50-day simple moving average of $300.07 and a 200 day simple moving average of $325.95.

AON (NYSE:AON – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.06. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. AON had a net margin of 22.24% and a return on equity of 40.46%. AON’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.05 earnings per share. On average, research analysts forecast that Aon plc will post 18.47 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be paid a $0.82 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $3.28 annualized dividend and a yield of 1.0%. AON’s dividend payout ratio is currently 17.96%.

About AON

(Free Report)

Aon plc is a global professional services firm that helps organizations manage risk and make decisions about their people and finances. Its services include insurance brokerage, risk consulting, reinsurance solutions, employee benefits consulting and retirement and investment advisory services.

The company serves businesses and institutions across a broad range of industries and geographies. Aon was formed in 1982 as Ryan Insurance Group and adopted the Aon name in 1987. It is headquartered in Dublin, Ireland, and operates internationally.

Greg Case has served as Aon’s chief executive officer since 2005.

See Also

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Institutional Ownership by Quarter for AON (NYSE:AON)

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