Victory Capital Management Inc. reduced its position in Aon PLC (NYSE:AON) by 1.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,516 shares of the financial services provider’s stock after selling 62 shares during the quarter. Victory Capital Management Inc.’s holdings in AON were worth $600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Aurora Investment Counsel grew its stake in AON by 0.5% during the 1st quarter. Aurora Investment Counsel now owns 11,577 shares of the financial services provider’s stock valued at $1,976,000 after acquiring an additional 58 shares in the last quarter. Cornerstone Advisors Inc. boosted its position in shares of AON by 4.7% in the first quarter. Cornerstone Advisors Inc. now owns 1,578 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 71 shares during the last quarter. Westbourne Investment Advisors Inc. boosted its position in shares of AON by 2.7% in the first quarter. Westbourne Investment Advisors Inc. now owns 2,880 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 75 shares during the last quarter. Synovus Financial Corp boosted its position in shares of AON by 10.3% in the fourth quarter. Synovus Financial Corp now owns 940 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 88 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in shares of AON by 2.1% in the fourth quarter. Wetherby Asset Management Inc. now owns 4,236 shares of the financial services provider’s stock worth $616,000 after acquiring an additional 89 shares during the last quarter. 84.71% of the stock is owned by institutional investors and hedge funds.
AON has been the topic of a number of recent research reports. ValuEngine cut shares of AON from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Wells Fargo & Co restated a “hold” rating on shares of AON in a research note on Friday, April 5th. Barclays lifted their price target on shares of AON from $153.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Monday, April 1st. MKM Partners upgraded shares of AON to a “buy” rating and lifted their price target for the stock from $210.00 to $225.00 in a research note on Monday. Finally, Atlantic Securities lowered shares of AON from an “overweight” rating to a “neutral” rating and set a $190.00 price target for the company. in a research note on Friday, June 14th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $179.36.
AON (NYSE:AON) last issued its earnings results on Friday, April 26th. The financial services provider reported $3.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.31. AON had a return on equity of 46.15% and a net margin of 11.08%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter in the prior year, the company earned $2.97 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts expect that Aon PLC will post 9.14 earnings per share for the current fiscal year.
In other AON news, General Counsel Peter M. Lieb sold 11,645 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $180.69, for a total transaction of $2,104,135.05. Following the completion of the sale, the general counsel now owns 4,408 shares of the company’s stock, valued at $796,481.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric Andersen sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.50, for a total value of $1,338,750.00. Following the sale, the insider now directly owns 80,941 shares of the company’s stock, valued at approximately $14,447,968.50. The disclosure for this sale can be found here. Insiders sold 24,345 shares of company stock worth $4,370,513 in the last 90 days. 0.92% of the stock is currently owned by corporate insiders.
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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