Davis R M Inc. Decreases Holdings in Aon PLC (NYSE:AON)

Davis R M Inc. lowered its position in Aon PLC (NYSE:AON) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,877 shares of the financial services provider’s stock after selling 4,494 shares during the quarter. Davis R M Inc. owned 0.06% of AON worth $29,592,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in AON by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,406,729 shares of the financial services provider’s stock worth $3,552,130,000 after buying an additional 275,773 shares in the last quarter. Longview Partners Guernsey LTD lifted its holdings in AON by 8.9% in the 2nd quarter. Longview Partners Guernsey LTD now owns 6,502,583 shares of the financial services provider’s stock worth $1,254,868,000 after buying an additional 531,216 shares in the last quarter. Northern Trust Corp lifted its holdings in AON by 0.8% in the 2nd quarter. Northern Trust Corp now owns 2,896,504 shares of the financial services provider’s stock worth $558,968,000 after buying an additional 23,391 shares in the last quarter. Bank of America Corp DE lifted its holdings in AON by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 2,333,373 shares of the financial services provider’s stock worth $450,294,000 after buying an additional 19,914 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in AON by 21.6% in the 2nd quarter. California Public Employees Retirement System now owns 1,868,956 shares of the financial services provider’s stock worth $360,671,000 after buying an additional 332,400 shares in the last quarter. Hedge funds and other institutional investors own 85.80% of the company’s stock.

AON has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective 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. UBS Group boosted their price objective 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 restated a “hold” rating and issued a $195.00 target price on shares of AON in a research note on Friday, July 26th. Barclays set a $190.00 target price on shares of AON and gave the company a “hold” rating in a research note on Monday, August 12th. Finally, ValuEngine lowered shares of AON from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. AON currently has a consensus rating of “Hold” and a consensus target price of $187.30.

In related news, COO John G. Bruno sold 7,600 shares of the stock in a transaction dated Friday, August 30th. The shares were 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 in the company, valued at $8,894,259.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Behets Robert 3,000,000 shares of AON stock in a transaction that occurred on Friday, October 11th. 0.92% of the stock is owned by corporate insiders.

Shares of AON stock opened at $191.92 on Friday. The firm has a market cap of $45.15 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.76 and a beta of 0.85. The firm’s 50-day simple moving average is $192.05 and its 200-day simple moving average is $188.15. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.83 and a current ratio of 1.83. Aon PLC has a 1 year low of $135.30 and a 1 year high of $198.61.

AON (NYSE:AON) last issued its earnings results on Friday, October 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.46 billion. AON had a net margin of 13.14% and a return on equity of 48.75%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 EPS. On average, equities analysts predict that Aon PLC will post 9.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.76 annualized dividend and a yield of 0.92%. AON’s dividend payout ratio (DPR) is 21.57%.

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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