Stephens Inc. AR Sells 650 Shares of Aon PLC (NYSE:AON)

Stephens Inc. AR lessened its holdings in Aon PLC (NYSE:AON) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,937 shares of the financial services provider’s stock after selling 650 shares during the period. Stephens Inc. AR’s holdings in AON were worth $5,005,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. NEXT Financial Group Inc bought a new position in shares of AON in the 2nd quarter worth approximately $25,000. AdvisorNet Financial Inc lifted its stake in shares of AON by 54.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 210 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 74 shares during the period. Berman Capital Advisors LLC lifted its stake in shares of AON by 39.0% in the 1st quarter. Berman Capital Advisors LLC now owns 246 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 69 shares during the period. Prime Capital Investment Advisors LLC bought a new position in shares of AON in the 1st quarter worth approximately $66,000. Finally, Heritage Wealth Advisors bought a new position in shares of AON in the 1st quarter worth approximately $68,000. Hedge funds and other institutional investors own 85.91% of the company’s stock.

AON stock traded up $1.39 during midday trading on Friday, hitting $190.57. The stock had a trading volume of 17,241 shares, compared to its average volume of 821,991. The firm’s fifty day moving average is $193.60 and its two-hundred day moving average is $180.35. The company has a market capitalization of $45.04 billion, a PE ratio of 23.39, a P/E/G ratio of 1.76 and a beta of 0.86. Aon PLC has a 52-week low of $135.30 and a 52-week high of $198.61. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 1.72.



AON (NYSE:AON) last released its earnings results on Friday, July 26th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.88 by ($0.01). The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.69 billion. AON had a return on equity of 48.75% and a net margin of 13.14%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.71 earnings per share. As a group, equities research analysts predict that Aon PLC will post 9.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.92%. The ex-dividend date was Wednesday, July 31st. AON’s dividend payout ratio is 21.57%.

In related news, General Counsel Peter M. Lieb sold 11,645 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $180.69, for a total value of $2,104,135.05. Following the completion of the sale, the general counsel now directly owns 4,408 shares of the company’s stock, valued at approximately $796,481.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.92% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Wells Fargo & Co reiterated a “hold” rating and issued a $195.00 price objective on shares of AON in a research note on Friday, July 26th. ValuEngine cut shares of AON from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. UBS Group increased their target price on shares of AON from $181.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. MKM Partners raised shares of AON to a “buy” rating and increased their target price for the stock from $210.00 to $225.00 in a report on Monday, June 24th. Finally, Morgan Stanley increased their target price on shares of AON from $197.00 to $200.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $186.64.

AON Profile

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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