Boothbay Fund Management LLC Lowers Holdings in Aon PLC (AON)

Boothbay Fund Management LLC lessened its position in shares of Aon PLC (NYSE:AON) by 18.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,800 shares of the financial services provider’s stock after selling 3,570 shares during the period. Boothbay Fund Management LLC’s holdings in AON were worth $2,308,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in AON by 2.4% during the second quarter. Vanguard Group Inc. now owns 17,812,319 shares of the financial services provider’s stock valued at $2,368,149,000 after acquiring an additional 415,363 shares during the period. BlackRock Inc. boosted its position in shares of AON by 0.6% in the second quarter. BlackRock Inc. now owns 15,663,729 shares of the financial services provider’s stock worth $2,082,493,000 after buying an additional 100,762 shares during the period. Longview Partners Guernsey LTD boosted its position in shares of AON by 4.5% in the third quarter. Longview Partners Guernsey LTD now owns 7,001,377 shares of the financial services provider’s stock worth $1,022,901,000 after buying an additional 301,300 shares during the period. Mawer Investment Management Ltd. boosted its position in shares of AON by 0.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,169,376 shares of the financial services provider’s stock worth $755,246,000 after buying an additional 38,212 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of AON by 1,108.1% in the second quarter. Janus Henderson Group PLC now owns 3,180,268 shares of the financial services provider’s stock worth $422,814,000 after buying an additional 2,917,018 shares during the period. 87.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Aon PLC (NYSE AON) traded down $0.65 during midday trading on Friday, reaching $138.46. The company’s stock had a trading volume of 966,100 shares, compared to its average volume of 1,086,367. Aon PLC has a 12-month low of $109.82 and a 12-month high of $152.78. The firm has a market capitalization of $34,763.27, a PE ratio of 20.61, a P/E/G ratio of 1.81 and a beta of 1.04. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.35 and a quick ratio of 2.35.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.01. AON had a return on equity of 32.71% and a net margin of 16.78%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. AON’s revenue for the quarter was up 6.3% compared to the same quarter last year. research analysts anticipate that Aon PLC will post 6.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Tuesday, October 31st. AON’s payout ratio is currently 21.79%.

AON has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $143.00 target price on shares of AON in a research report on Wednesday, September 6th. Wells Fargo & Company upped their target price on AON from $138.00 to $143.00 and gave the stock a “market perform” rating in a research report on Monday, October 30th. Jefferies Group upped their target price on AON from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $158.00 target price on shares of AON in a research report on Wednesday. Finally, Zacks Investment Research raised AON from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $145.08.

In other news, CEO Michael J. O’connor sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the sale, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,951,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $141.20, for a total value of $564,800.00. Following the sale, the senior vice president now owns 12,314 shares in the company, valued at $1,738,736.80. The disclosure for this sale can be found here. Insiders have sold 51,680 shares of company stock worth $7,353,887 in the last 90 days. 0.90% of the stock is currently owned by insiders.

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AON Company Profile

Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.

Institutional Ownership by Quarter for AON (NYSE:AON)

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