Aon plc (NYSE:AON) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC lowered its stake in Aon plc (NYSE:AONFree Report) by 33.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,342 shares of the financial services provider’s stock after selling 2,144 shares during the period. Personal CFO Solutions LLC’s holdings in AON were worth $1,264,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AON. Capital International Investors grew its holdings in AON by 0.4% in the fourth quarter. Capital International Investors now owns 5,524,730 shares of the financial services provider’s stock valued at $1,607,519,000 after purchasing an additional 22,346 shares during the last quarter. Lazard Asset Management LLC lifted its position in AON by 1.1% during the third quarter. Lazard Asset Management LLC now owns 4,479,652 shares of the financial services provider’s stock worth $1,452,390,000 after buying an additional 50,290 shares during the period. Mackenzie Financial Corp lifted its position in AON by 8.3% during the fourth quarter. Mackenzie Financial Corp now owns 2,331,132 shares of the financial services provider’s stock worth $678,406,000 after buying an additional 179,238 shares during the period. Northern Trust Corp raised its holdings in shares of AON by 0.8% in the 3rd quarter. Northern Trust Corp now owns 2,244,909 shares of the financial services provider’s stock worth $727,844,000 after purchasing an additional 18,500 shares during the period. Finally, FMR LLC raised its holdings in shares of AON by 3.8% in the 3rd quarter. FMR LLC now owns 1,523,946 shares of the financial services provider’s stock worth $494,094,000 after purchasing an additional 55,703 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at AON

In other news, Director Lester B. Knight bought 10,000 shares of the stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of $276.61 per share, for a total transaction of $2,766,100.00. Following the acquisition, the director now owns 139,000 shares in the company, valued at $38,448,790. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AON. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $311.00 target price on shares of AON in a research note on Tuesday, May 28th. Keefe, Bruyette & Woods lifted their target price on AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Morgan Stanley raised their price target on AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Royal Bank of Canada cut their price target on AON from $325.00 to $315.00 and set a “sector perform” rating on the stock in a report on Monday, April 29th. Finally, Bank of America downgraded AON from a “neutral” rating to an “underperform” rating and cut their target price for the company from $345.00 to $306.00 in a research note on Wednesday, May 22nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $321.86.

Get Our Latest Report on AON

AON Price Performance

Shares of AON traded down $2.59 on Friday, hitting $283.12. The company’s stock had a trading volume of 889,312 shares, compared to its average volume of 1,411,956. The company has a market capitalization of $61.56 billion, a PE ratio of 22.19, a PEG ratio of 1.89 and a beta of 0.91. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $347.37. The company has a 50 day moving average price of $295.68 and a 200 day moving average price of $305.87.

AON (NYSE:AONGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.86 by ($0.20). The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.14 billion. AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $5.17 EPS. On average, equities analysts forecast that Aon plc will post 15.48 EPS for the current year.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.675 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from AON’s previous quarterly dividend of $0.62. AON’s dividend payout ratio is currently 21.16%.

About AON

(Free Report)

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.

Further Reading

Institutional Ownership by Quarter for AON (NYSE:AON)

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