Aon plc (NYSE:AON) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its holdings in shares of Aon plc (NYSE:AON) by 6.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,789 shares of the financial services provider’s stock after selling 2,549 shares during the quarter. ProShare Advisors LLC’s holdings in AON were worth $12,945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of AON in the fourth quarter valued at approximately $423,030,000. The Manufacturers Life Insurance Company increased its stake in shares of AON by 44.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 950,153 shares of the financial services provider’s stock valued at $276,514,000 after purchasing an additional 290,936 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of AON by 401.6% in the first quarter. Assenagon Asset Management S.A. now owns 344,891 shares of the financial services provider’s stock valued at $115,097,000 after purchasing an additional 276,131 shares during the period. FIL Ltd boosted its holdings in shares of AON by 36.1% in the fourth quarter. FIL Ltd now owns 1,030,177 shares of the financial services provider’s stock valued at $299,802,000 after acquiring an additional 273,141 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of AON by 14.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,472,309 shares of the financial services provider’s stock valued at $428,280,000 after acquiring an additional 182,688 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of AON from $289.00 to $287.00 and set an “underweight” rating for the company in a report on Tuesday, July 2nd. Piper Sandler decreased their price objective on shares of AON from $326.00 to $312.00 and set a “neutral” rating for the company in a report on Monday, April 29th. JPMorgan Chase & Co. increased their price objective on shares of AON from $353.00 to $379.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Citigroup started coverage on shares of AON in a report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price objective for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $315.00 target price on shares of AON in a report on Tuesday, June 18th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $321.36.

AON Stock Performance

AON stock opened at $300.45 on Thursday. The company has a 50 day moving average price of $290.91 and a 200 day moving average price of $302.14. Aon plc has a 52 week low of $268.06 and a 52 week high of $344.68. The firm has a market capitalization of $65.33 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 1.98 and a beta of 0.91.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period in the prior year, the business posted $5.17 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts forecast that Aon plc will post 15.41 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a $0.675 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.90%. AON’s payout ratio is 21.16%.

Insiders Place Their Bets

In related news, Director Lester B. Knight bought 10,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $276.61 per share, for a total transaction of $2,766,100.00. Following the transaction, the director now directly owns 139,000 shares in the company, valued at $38,448,790. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.15% of the company’s stock.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions 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.