Achmea Investment Management B.V. trimmed its holdings in Aon PLC (NYSE:AON) by 15.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,318 shares of the financial services provider’s stock after selling 1,663 shares during the period. Achmea Investment Management B.V.’s holdings in AON were worth $1,307,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of AON. Bray Capital Advisors acquired a new stake in shares of AON in the first quarter valued at about $176,000. First Mercantile Trust Co. acquired a new stake in shares of AON in the first quarter valued at about $226,000. Timber Hill LLC acquired a new stake in shares of AON in the first quarter valued at about $234,000. Captrust Financial Advisors acquired a new stake in shares of AON in the fourth quarter valued at about $240,000. Finally, Signature Financial Management Inc. acquired a new stake in shares of AON in the first quarter valued at about $251,000. Institutional investors and hedge funds own 84.69% of the company’s stock.
Shares of AON opened at $136.55 on Friday, Marketbeat reports. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.06. Aon PLC has a 1-year low of $130.87 and a 1-year high of $152.78. The stock has a market cap of $33.64 billion, a price-to-earnings ratio of 20.94, a P/E/G ratio of 1.47 and a beta of 1.02.
AON has been the subject of a number of recent research reports. Citigroup increased their target price on shares of AON from $165.00 to $166.00 and gave the company a “buy” rating in a research report on Tuesday, March 27th. Wells Fargo & Co set a $143.00 price objective on shares of AON and gave the company a “hold” rating in a report on Wednesday, March 7th. Zacks Investment Research raised shares of AON from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a report on Tuesday, June 5th. Goldman Sachs Group raised shares of AON from a “neutral” rating to a “buy” rating and upped their price objective for the company from $144.22 to $149.00 in a report on Thursday, March 15th. Finally, ValuEngine lowered shares of AON from a “buy” rating to a “hold” rating in a report on Friday, May 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $147.09.
In other news, insider Michael Neller sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $140.93, for a total transaction of $140,930.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.42% of the company’s stock.
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
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