Anderson Hoagland & Co. Sells 366 Shares of Aon plc (NYSE:AON)

Anderson Hoagland & Co. cut its holdings in Aon plc (NYSE:AON) by 3.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,117 shares of the financial services provider’s stock after selling 366 shares during the period. Anderson Hoagland & Co.’s holdings in AON were worth $3,838,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Equitable Holdings Inc. boosted its stake in AON by 2.3% in the first quarter. Equitable Holdings Inc. now owns 1,447 shares of the financial services provider’s stock valued at $456,000 after buying an additional 32 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of AON by 3.2% during the 4th quarter. Penserra Capital Management LLC now owns 1,060 shares of the financial services provider’s stock worth $317,000 after buying an additional 33 shares in the last quarter. Brookstone Capital Management grew its holdings in AON by 2.8% in the first quarter. Brookstone Capital Management now owns 1,243 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 34 shares during the period. Legacy Wealth Asset Management LLC grew its stake in shares of AON by 0.5% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 8,257 shares of the financial services provider’s stock valued at $2,603,000 after buying an additional 37 shares during the period. Finally, Exencial Wealth Advisors LLC grew its stake in AON by 0.6% in the fourth quarter. Exencial Wealth Advisors LLC now owns 6,143 shares of the financial services provider’s stock valued at $1,844,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

AON Trading Down 0.7 %

AON stock traded down $2.24 during midday trading on Friday, hitting $336.51. The company had a trading volume of 267,348 shares, compared to its average volume of 812,471. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 61.66. Aon plc has a 52 week low of $266.35 and a 52 week high of $347.37. The stock has a market cap of $68.27 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.56 and a beta of 0.90. The stock’s 50 day moving average price is $329.59 and its 200 day moving average price is $322.74.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, July 28th. The financial services provider reported $2.76 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.07). The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.17 billion. AON had a net margin of 20.78% and a negative return on equity of 1,312.86%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.63 earnings per share. As a group, equities research analysts expect that Aon plc will post 14.26 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were paid a $0.615 dividend. The ex-dividend date of this dividend was Monday, July 31st. This represents a $2.46 annualized dividend and a dividend yield of 0.73%. AON’s payout ratio is presently 19.16%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AON. Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 target price on shares of AON in a research report on Tuesday, August 1st. JPMorgan Chase & Co. lifted their target price on AON from $322.00 to $351.00 in a report on Thursday, July 6th. StockNews.com began coverage on shares of AON in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $352.00 price target on shares of AON in a research report on Monday, July 31st. Finally, Bank of America increased their price objective on AON from $365.00 to $380.00 in a research report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $341.55.

Insider Activity at AON

In other AON news, Director Byron Spruell acquired 800 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average price of $324.57 per share, for a total transaction of $259,656.00. Following the acquisition, the director now owns 4,001 shares in the company, valued at approximately $1,298,604.57. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.15% of the stock is owned by company insiders.

AON Profile

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.