Anchor Capital Advisors LLC Reduces Position in Aon PLC (AON)

Anchor Capital Advisors LLC lowered its holdings in shares of Aon PLC (NYSE:AON) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,269 shares of the financial services provider’s stock after selling 2,865 shares during the period. Anchor Capital Advisors LLC’s holdings in Aon PLC were worth $5,445,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Janus Henderson Group PLC lifted its stake in shares of Aon PLC 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 in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Aon PLC by 2,385.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,224,194 shares of the financial services provider’s stock valued at $162,757,000 after purchasing an additional 1,174,940 shares during the last quarter. APG Asset Management N.V. raised its holdings in shares of Aon PLC by 139.9% during the third quarter. APG Asset Management N.V. now owns 953,932 shares of the financial services provider’s stock valued at $139,369,000 after purchasing an additional 556,300 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Aon PLC 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 purchasing an additional 415,363 shares during the last quarter. Finally, Egerton Capital UK LLP purchased a new position in shares of Aon PLC during the second quarter valued at approximately $45,094,000. 88.46% of the stock is currently owned by institutional investors and hedge funds.

Aon PLC (NYSE AON) traded down $1.36 during trading hours on Tuesday, hitting $141.89. 971,700 shares of the stock were exchanged, compared to its average volume of 1,079,664. Aon PLC has a twelve month low of $109.18 and a twelve month high of $152.78. The company has a market cap of $35,797.84, a PE ratio of 21.22, a P/E/G ratio of 1.86 and a beta of 1.06. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.08.

Aon PLC (NYSE:AON) last released its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Aon PLC had a net margin of 16.78% and a return on equity of 32.71%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the business earned $1.29 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. equities analysts expect that Aon PLC will post 6.53 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Tuesday, October 31st. Aon PLC’s dividend payout ratio is currently 21.79%.

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In related news, CEO Michael J. O’connor sold 10,000 shares of Aon PLC stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total value of $1,450,000.00. Following the completion of the sale, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,951,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 30,000 shares of company stock worth $4,285,200 over the last 90 days. Company insiders own 0.90% of the company’s stock.

AON has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $143.00 price target on shares of Aon PLC in a research report on Wednesday, September 6th. Jefferies Group LLC increased their price objective on shares of Aon PLC from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Wells Fargo & Company increased their price objective on shares of Aon PLC from $138.00 to $143.00 and gave the company a “market perform” rating in a research report on Monday, October 30th. Deutsche Bank AG increased their target price on shares of Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Aon PLC from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $144.42.

Aon PLC 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.

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Institutional Ownership by Quarter for Aon PLC (NYSE:AON)

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