Investors Sell Shares of AON (AON) on Strength (AON)

Investors sold shares of Aon PLC (NYSE:AON) on strength during trading on Monday. $29.30 million flowed into the stock on the tick-up and $46.66 million flowed out of the stock on the tick-down, for a money net flow of $17.36 million out of the stock. Of all equities tracked, AON had the 0th highest net out-flow for the day. AON traded up $0.56 for the day and closed at $137.70

AON has been the topic of a number of research analyst reports. Wells Fargo & Co set a $143.00 price target on AON and gave the stock a “hold” rating in a report on Wednesday, March 7th. Goldman Sachs Group upgraded AON from a “neutral” rating to a “buy” rating and increased their price target for the stock from $144.22 to $149.00 in a report on Thursday, March 15th. Citigroup increased their price target on AON from $165.00 to $166.00 and gave the stock a “buy” rating in a report on Tuesday, March 27th. Zacks Investment Research upgraded AON from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. Finally, TheStreet upgraded AON from a “c” rating to an “a-” rating in a report on Friday, May 4th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. AON currently has an average rating of “Hold” and an average target price of $148.50.

The firm has a market capitalization of $33.67 billion, a PE ratio of 17.08, a P/E/G ratio of 1.47 and a beta of 1.02. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.06.

AON (NYSE:AON) last issued its earnings results on Friday, May 4th. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.15. AON had a return on equity of 39.65% and a net margin of 14.28%. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the business earned $1.45 EPS. AON’s quarterly revenue was up 29.8% compared to the same quarter last year. equities analysts forecast that Aon PLC will post 8.06 EPS for the current year.

In related news, insider Michael Neller sold 1,000 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $140.93, for a total value of $140,930.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Kings Point Capital Management lifted its holdings in shares of AON by 4.6% in the 4th quarter. Kings Point Capital Management now owns 35,535 shares of the financial services provider’s stock worth $4,762,000 after purchasing an additional 1,577 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of AON by 22.7% in the 1st quarter. Toronto Dominion Bank now owns 132,958 shares of the financial services provider’s stock worth $18,654,000 after purchasing an additional 24,595 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of AON by 17.3% in the 4th quarter. Sterling Capital Management LLC now owns 9,776 shares of the financial services provider’s stock worth $1,310,000 after purchasing an additional 1,439 shares in the last quarter. We Are One Seven LLC bought a new position in shares of AON in the 4th quarter worth $1,140,000. Finally, Fiduciary Group LLC lifted its holdings in shares of AON by 2.0% in the 1st quarter. Fiduciary Group LLC now owns 26,283 shares of the financial services provider’s stock worth $3,688,000 after purchasing an additional 504 shares in the last quarter. Institutional investors own 85.04% of the company’s stock.

About AON

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.

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