Oppenheimer Asset Management Inc. Sells 188 Shares of Aon PLC (NYSE:AON)

Oppenheimer Asset Management Inc. reduced its stake in Aon PLC (NYSE:AON) by 13.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,179 shares of the financial services provider’s stock after selling 188 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in AON were worth $227,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. CWM LLC increased its stake in shares of AON by 12.7% during the 2nd quarter. CWM LLC now owns 506 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 57 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in AON by 3.7% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,637 shares of the financial services provider’s stock valued at $316,000 after buying an additional 59 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in AON by 1.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,320 shares of the financial services provider’s stock valued at $641,000 after buying an additional 60 shares during the last quarter. Park Avenue Securities LLC grew its stake in AON by 5.5% in the 2nd quarter. Park Avenue Securities LLC now owns 1,218 shares of the financial services provider’s stock valued at $235,000 after buying an additional 63 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in AON by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,735 shares of the financial services provider’s stock valued at $979,000 after buying an additional 65 shares during the last quarter. 85.83% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Michael Neller sold 750 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $193.29, for a total transaction of $144,967.50. Following the completion of the sale, the insider now directly owns 2,192 shares in the company, valued at $423,691.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO John G. Bruno sold 7,600 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $192.30, for a total transaction of $1,461,480.00. Following the sale, the chief operating officer now owns 46,252 shares of the company’s stock, valued at $8,894,259.60. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.



Shares of AON stock traded up $1.62 on Friday, reaching $191.38. 7,773 shares of the stock were exchanged, compared to its average volume of 705,891. The firm’s 50 day moving average is $191.77 and its 200-day moving average is $183.25. Aon PLC has a one year low of $135.30 and a one year high of $198.61. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market cap of $44.17 billion, a PE ratio of 23.44, a P/E/G ratio of 1.73 and a beta of 0.86.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 26th. The financial services provider reported $1.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.88 by ($0.01). AON had a return on equity of 48.75% and a net margin of 13.14%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period last year, the company posted $1.71 EPS. The business’s revenue was up 1.8% on a year-over-year basis. On average, equities research analysts expect that Aon PLC will post 9.12 EPS for the current fiscal year.

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

AON has been the topic of a number of research reports. Barclays set a $190.00 price target on shares of AON and gave the company a “hold” rating in a research note on Monday, August 12th. Wells Fargo & Co reissued a “hold” rating and issued a $195.00 price objective on shares of AON in a report on Friday, July 26th. Atlantic Securities downgraded shares of AON from an “overweight” rating to a “neutral” rating and set a $190.00 price objective for the company. in a report on Friday, June 14th. Morgan Stanley boosted their price objective on shares of AON from $197.00 to $200.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Finally, UBS Group boosted their price objective on shares of AON from $181.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Eleven investment 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 price target 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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