Sontag Advisory LLC Takes Position in Aon PLC (NYSE:AON)

Sontag Advisory LLC bought a new stake in Aon PLC (NYSE:AON) in the second quarter, Holdings Channel.com reports. The institutional investor bought 1,313 shares of the financial services provider’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OppenheimerFunds Inc. lifted its holdings in shares of AON by 7.3% in the first quarter. OppenheimerFunds Inc. now owns 144,550 shares of the financial services provider’s stock valued at $24,675,000 after purchasing an additional 9,889 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of AON by 2.2% in the first quarter. Parametric Portfolio Associates LLC now owns 593,399 shares of the financial services provider’s stock valued at $101,293,000 after purchasing an additional 12,678 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of AON by 31.1% in the first quarter. Martingale Asset Management L P now owns 168,222 shares of the financial services provider’s stock worth $28,717,000 after acquiring an additional 39,901 shares during the last quarter. Capital Investment Advisors LLC increased its stake in shares of AON by 7.1% in the second quarter. Capital Investment Advisors LLC now owns 1,773 shares of the financial services provider’s stock worth $342,000 after acquiring an additional 117 shares during the last quarter. Finally, Chesley Taft & Associates LLC increased its stake in shares of AON by 523.7% in the second quarter. Chesley Taft & Associates LLC now owns 9,667 shares of the financial services provider’s stock worth $1,866,000 after acquiring an additional 8,117 shares during the last quarter. Institutional investors own 85.83% of the company’s stock.

Shares of NYSE AON traded up $1.38 during mid-day trading on Thursday, reaching $189.76. The company had a trading volume of 827,811 shares, compared to its average volume of 944,075. Aon PLC has a twelve month low of $135.30 and a twelve month 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 stock has a market capitalization of $45.62 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.86. The stock’s 50 day moving average is $191.77 and its 200-day moving average is $183.25.



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 Thomson Reuters’ consensus estimate of $1.88 by ($0.01). The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.69 billion. AON had a return on equity of 48.75% and a net margin of 13.14%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.71 earnings per share. On average, sell-side analysts anticipate that Aon PLC will post 9.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.93%. The ex-dividend date was Wednesday, July 31st. AON’s payout ratio is 21.57%.

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Co reaffirmed a “hold” rating and issued a $195.00 price target on shares of AON in a research note on Friday, July 26th. UBS Group upped their price target on shares of AON from $181.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Morgan Stanley upped their price target on shares of AON from $197.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Atlantic Securities downgraded shares of AON from an “overweight” rating to a “neutral” rating and set a $190.00 price target on the stock. in a research note on Friday, June 14th. Finally, Barclays set a $190.00 price target on shares of AON and gave the stock a “hold” rating in a research note on Monday, August 12th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. AON presently has a consensus rating of “Hold” and an average target price of $186.64.

In other AON 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 transaction, the insider now directly owns 2,192 shares of the company’s stock, valued at $423,691.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction, the chief operating officer now directly owns 46,252 shares in the company, valued at $8,894,259.60. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

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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