Aon PLC (NYSE:AON) Position Trimmed by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its holdings in shares of Aon PLC (NYSE:AON) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,120 shares of the financial services provider’s stock after selling 59 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in AON were worth $216,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AON. NEXT Financial Group Inc acquired a new stake in AON in the 2nd quarter worth approximately $25,000. Cerebellum GP LLC acquired a new stake in AON in the 3rd quarter worth approximately $28,000. Massey Quick Simon & CO. LLC acquired a new stake in AON in the 2nd quarter worth approximately $31,000. Capital Investment Advisory Services LLC acquired a new stake in AON in the 2nd quarter worth approximately $37,000. Finally, Venturi Wealth Management LLC acquired a new stake in AON in the 3rd quarter worth approximately $39,000. 86.06% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the company. Morgan Stanley lifted their target price on AON from $197.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Wells Fargo & Co reissued a “hold” rating and set a $195.00 price target on shares of AON in a report on Friday, July 26th. Barclays set a $190.00 price target on AON and gave the stock a “hold” rating in a report on Monday, August 12th. UBS Group lifted their price target on AON from $181.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, ValuEngine cut AON from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $190.11.

NYSE:AON traded up $0.79 during mid-day trading on Wednesday, hitting $195.79. 176,054 shares of the stock were exchanged, compared to its average volume of 911,546. The stock has a market capitalization of $45.56 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 1.78 and a beta of 0.86. The firm’s 50-day simple moving average is $192.15 and its 200 day simple moving average is $189.77. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.38 and a current ratio of 1.38. Aon PLC has a fifty-two week low of $135.30 and a fifty-two week high of $198.61.

AON (NYSE:AON) last released its quarterly earnings results on Friday, October 25th. The financial services provider reported $1.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.02. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.46 billion. AON had a return on equity of 51.63% and a net margin of 13.79%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $1.30 EPS. On average, analysts predict that Aon PLC will post 9.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.76 annualized dividend and a yield of 0.90%. AON’s dividend payout ratio is presently 21.57%.

In other AON news, Director J Michael Losh sold 5,000 shares of AON stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $193.60, for a total value of $968,000.00. Following the completion of the transaction, the director now directly owns 19,366 shares of the company’s stock, valued at approximately $3,749,257.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John G. Bruno sold 7,600 shares of AON stock in a transaction on Friday, August 30th. The shares were sold at an average price of $192.30, for a total value of $1,461,480.00. Following the completion of the transaction, the chief operating officer now directly owns 46,252 shares of the company’s stock, valued at $8,894,259.60. The disclosure for this sale can be found here. Insiders sold a total of 15,053 shares of company stock valued at $2,906,175 over the last ninety days. Insiders own 0.92% of the company’s stock.

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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Institutional Ownership by Quarter for AON (NYSE:AON)

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