Marshall Wace North America L.P. decreased its position in shares of Aon PLC (NYSE:AON) by 29.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,598 shares of the financial services provider’s stock after selling 5,361 shares during the quarter. Marshall Wace North America L.P.’s holdings in AON were worth $2,150,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AON. Oregon Public Employees Retirement Fund increased its position in AON by 14,228.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock valued at $26,000 after buying an additional 3,813,464 shares in the last quarter. Norges Bank acquired a new position in AON during the 4th quarter valued at about $176,885,000. BlackRock Inc. boosted its stake in AON by 7.8% during the 4th quarter. BlackRock Inc. now owns 15,997,384 shares of the financial services provider’s stock valued at $2,325,380,000 after purchasing an additional 1,162,646 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in AON by 5.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 22,515,572 shares of the financial services provider’s stock valued at $3,272,864,000 after purchasing an additional 1,072,842 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in AON by 12.3% during the 1st quarter. Lazard Asset Management LLC now owns 9,299,944 shares of the financial services provider’s stock valued at $1,587,498,000 after purchasing an additional 1,017,180 shares during the last quarter. 84.71% of the stock is currently owned by institutional investors.
NYSE AON traded up $0.83 during trading on Friday, hitting $197.47. 450,842 shares of the company’s stock traded hands, compared to its average volume of 689,763. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.09 and a current ratio of 2.09. The business’s fifty day moving average price is $189.73. The firm has a market cap of $47.50 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 1.82 and a beta of 0.88. Aon PLC has a 12-month low of $135.30 and a 12-month high of $198.61.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Wednesday, July 31st. AON’s payout ratio is currently 21.57%.
A number of equities analysts have recently weighed in on the company. Atlantic Securities downgraded AON from an “overweight” rating to a “neutral” rating and set a $190.00 target price on the stock. in a research note on Friday, June 14th. Barclays set a $34.00 price target on shares of DCP Midstream and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a C$125.00 price target on shares of Intact Financial in a report on Wednesday, May 15th. MKM Partners raised shares of AON to a “buy” rating and boosted their target price for the company from $210.00 to $225.00 in a report on Monday, June 24th. Finally, Wells Fargo & Co set a $70.00 target price on shares of MSC Industrial Direct and gave the company a “market perform” rating in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $181.36.
In other AON news, insider Eric Andersen sold 7,500 shares of AON stock in a transaction on Thursday, May 9th. The shares were 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 in the company, valued at approximately $14,447,968.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Peter M. Lieb sold 11,645 shares of the business’s stock in a transaction dated 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 in the company, valued at $796,481.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,345 shares of company stock valued at $4,370,513. 0.92% of the stock is owned by insiders.
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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