US Bancorp DE Sells 431 Shares of Aon PLC (NYSE:AON)

US Bancorp DE lessened its holdings in Aon PLC (NYSE:AON) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,613 shares of the financial services provider’s stock after selling 431 shares during the period. US Bancorp DE’s holdings in AON were worth $7,259,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. ETRADE Capital Management LLC increased its holdings in AON by 54.7% in the 2nd quarter. ETRADE Capital Management LLC now owns 26,135 shares of the financial services provider’s stock worth $5,044,000 after acquiring an additional 9,241 shares in the last quarter. Sontag Advisory LLC purchased a new stake in AON in the 2nd quarter worth approximately $253,000. AXA increased its holdings in AON by 8.7% in the 2nd quarter. AXA now owns 66,610 shares of the financial services provider’s stock worth $12,854,000 after acquiring an additional 5,331 shares in the last quarter. Pinebridge Investments L.P. increased its holdings in AON by 56.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 40,018 shares of the financial services provider’s stock worth $7,722,000 after acquiring an additional 14,389 shares in the last quarter. Finally, United Capital Financial Advisers LLC increased its holdings in AON by 26.3% in the 2nd quarter. United Capital Financial Advisers LLC now owns 8,353 shares of the financial services provider’s stock worth $1,612,000 after acquiring an additional 1,741 shares in the last quarter. Hedge funds and other institutional investors own 85.74% of the company’s stock.

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



AON traded down $2.68 during trading on Wednesday, reaching $191.84. 274,253 shares of the company traded hands, compared to its average volume of 677,409. The firm has a fifty day simple moving average of $191.37 and a 200 day simple moving average of $183.74. Aon PLC has a 12-month low of $135.30 and a 12-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 company has a market cap of $45.02 billion, a P/E ratio of 23.51, a PEG ratio of 1.76 and a beta of 0.85.

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

Several equities research analysts recently issued reports on the stock. 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. Wells Fargo & Co reaffirmed a “hold” rating and set a $195.00 price objective on shares of AON in a report on Friday, July 26th. MKM Partners raised shares of AON to a “buy” rating and increased their price objective for the company from $210.00 to $225.00 in a report on Monday, June 24th. Atlantic Securities lowered 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. Finally, Morgan Stanley increased 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. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. AON presently has an average 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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