Verition Fund Management LLC lowered its holdings in shares of Aon PLC (NYSE:AON) by 40.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,396 shares of the financial services provider’s stock after selling 1,616 shares during the period. Verition Fund Management LLC’s holdings in AON were worth $336,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in AON. Impax Asset Management LLC raised its stake in shares of AON by 16.4% in the 1st quarter. Impax Asset Management LLC now owns 2,879 shares of the financial services provider’s stock worth $404,000 after buying an additional 405 shares in the last quarter. Huber Financial Advisors LLC raised its stake in shares of AON by 4.5% in the 1st quarter. Huber Financial Advisors LLC now owns 10,486 shares of the financial services provider’s stock worth $1,472,000 after buying an additional 454 shares in the last quarter. Fiduciary Group LLC raised its stake 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 buying an additional 504 shares in the last quarter. Dupont Capital Management Corp raised its stake in shares of AON by 40.9% in the 1st quarter. Dupont Capital Management Corp now owns 1,820 shares of the financial services provider’s stock worth $255,000 after buying an additional 528 shares in the last quarter. Finally, Pendal Group Ltd raised its stake in shares of AON by 9.2% in the 1st quarter. Pendal Group Ltd now owns 6,558 shares of the financial services provider’s stock worth $920,000 after buying an additional 550 shares in the last quarter. 85.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE AON opened at $134.99 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.93 and a current ratio of 1.93. The firm has a market capitalization of $33.68 billion, a P/E ratio of 17.09, a P/E/G ratio of 1.47 and a beta of 1.02. Aon PLC has a 52-week low of $130.87 and a 52-week high of $152.78.
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 the Zacks’ consensus estimate of $2.81 by $0.15. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $2.95 billion. AON had a return on equity of 39.65% and a net margin of 14.28%. The company’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 EPS. research analysts expect that Aon PLC will post 8.06 EPS for the current fiscal year.
AON has been the topic of a number of research reports. Citigroup boosted their price objective on AON from $165.00 to $166.00 and gave the stock a “buy” rating in a research note on Tuesday, March 27th. Wells Fargo & Co set a $143.00 price objective on AON and gave the stock a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research raised AON from a “hold” rating to a “buy” rating and set a $158.00 price objective on the stock in a research note on Tuesday, June 5th. Goldman Sachs Group raised AON from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $144.22 to $149.00 in a research note on Thursday, March 15th. Finally, ValuEngine downgraded AON from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. AON currently has a consensus rating of “Hold” and an average target price of $148.50.
In related news, insider Michael Neller sold 1,000 shares of AON 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 is available through this hyperlink. Insiders own 0.42% of the company’s stock.
AON Company Profile
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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