Keybank National Association OH Reduces Position in Aon PLC (NYSE:AON)

Keybank National Association OH decreased its holdings in shares of Aon PLC (NYSE:AON) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,530 shares of the financial services provider’s stock after selling 184 shares during the quarter. Keybank National Association OH’s holdings in AON were worth $1,260,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AON. OppenheimerFunds Inc. boosted its position in shares of AON by 7.3% during the 1st quarter. OppenheimerFunds Inc. now owns 144,550 shares of the financial services provider’s stock valued at $24,675,000 after acquiring an additional 9,889 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of AON by 2.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 593,399 shares of the financial services provider’s stock valued at $101,293,000 after acquiring an additional 12,678 shares during the last quarter. Martingale Asset Management L P boosted its position in shares of AON by 31.1% during the 1st quarter. Martingale Asset Management L P now owns 168,222 shares of the financial services provider’s stock valued at $28,717,000 after acquiring an additional 39,901 shares during the last quarter. Capital Investment Advisors LLC boosted its position in shares of AON by 7.1% during the 2nd quarter. Capital Investment Advisors LLC now owns 1,773 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 117 shares during the last quarter. Finally, Chesley Taft & Associates LLC boosted its position in shares of AON by 523.7% during the 2nd quarter. Chesley Taft & Associates LLC now owns 9,667 shares of the financial services provider’s stock valued at $1,866,000 after acquiring an additional 8,117 shares during the last quarter. 85.91% of the stock is owned by institutional investors and hedge funds.

NYSE AON traded up $2.33 during trading hours on Friday, reaching $191.51. The company had a trading volume of 833,700 shares, compared to its average volume of 869,747. The stock has a 50-day moving average of $193.60 and a 200 day moving average of $180.40. Aon PLC has a 1-year low of $135.30 and a 1-year 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. The stock has a market capitalization of $44.62 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.74 and a beta of 0.86.



AON (NYSE:AON) last posted its earnings results on Friday, July 26th. The financial services provider reported $1.87 EPS for the quarter, missing the Zacks’ consensus estimate of $1.88 by ($0.01). AON had a net margin of 13.14% and a return on equity of 48.75%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the previous year, the company earned $1.71 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts predict that Aon PLC will post 9.12 EPS for the current year.

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

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

AON has been the topic of several recent research reports. Barclays set a $190.00 price target on shares of AON and gave the company a “hold” rating in a research report on Monday, August 12th. ValuEngine cut shares of AON from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Morgan Stanley boosted their price target on shares of AON from $197.00 to $200.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. MKM Partners raised shares of AON to a “buy” rating and boosted their price target for the company from $210.00 to $225.00 in a research report on Monday, June 24th. Finally, UBS Group upped their target price on shares of AON from $181.00 to $196.00 and gave the company a “neutral” rating in a research 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 presently has an average rating of “Hold” and an average target price of $186.64.

AON Company 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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