C WorldWide Group Holding A S Sells 78,377 Shares of Aon plc $AON

C WorldWide Group Holding A S trimmed its stake in shares of Aon plc (NYSE:AON) by 19.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 320,935 shares of the financial services provider’s stock after selling 78,377 shares during the period. AON makes up about 2.6% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 14th biggest position. C WorldWide Group Holding A S owned approximately 0.15% of AON worth $106,451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Aviva PLC grew its position in shares of AON by 2.0% during the 4th quarter. Aviva PLC now owns 333,454 shares of the financial services provider’s stock worth $117,669,000 after buying an additional 6,622 shares during the period. Handelsbanken Fonder AB lifted its holdings in AON by 9.1% in the fourth quarter. Handelsbanken Fonder AB now owns 67,034 shares of the financial services provider’s stock valued at $23,655,000 after buying an additional 5,585 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in AON by 1,864.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 343,754 shares of the financial services provider’s stock valued at $121,304,000 after buying an additional 326,256 shares during the period. The Manufacturers Life Insurance Company boosted its stake in AON by 136.1% in the first quarter. The Manufacturers Life Insurance Company now owns 547,850 shares of the financial services provider’s stock valued at $176,835,000 after acquiring an additional 315,817 shares during the last quarter. Finally, Ally Financial Inc. bought a new stake in shares of AON during the 2nd quarter valued at $995,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on AON shares. Roth Capital set a $380.00 target price on AON in a report on Tuesday, September 1st. UBS Group restated a “neutral” rating on shares of AON in a report on Monday, August 31st. Barclays lifted their price target on shares of AON from $372.00 to $382.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Piper Sandler reduced their price target on shares of AON from $391.00 to $349.00 and set a “neutral” rating for the company in a report on Tuesday, September 1st. Finally, Evercore restated an “outperform” rating and set a $423.00 price objective on shares of AON in a report on Wednesday, September 2nd. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $399.12.

AON Stock Down 2.2%

NYSE:AON opened at $316.08 on Wednesday. The stock has a 50-day simple moving average of $353.17 and a 200 day simple moving average of $334.17. Aon plc has a 52-week low of $304.59 and a 52-week high of $382.34. The company has a market cap of $67.05 billion, a PE ratio of 17.42, a PEG ratio of 1.63 and a beta of 0.66. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54.

AON (NYSE:AON) last released its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, beating the consensus estimate of $3.80 by $0.01. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%.The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.49 EPS. On average, sell-side analysts expect that Aon plc will post 18.99 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a dividend of $0.82 per share. The ex-dividend date was Monday, August 3rd. This represents a $3.28 annualized dividend and a yield of 1.0%. AON’s dividend payout ratio is presently 18.08%.

Insiders Place Their Bets

In other AON news, Director Lester Knight purchased 20,000 shares of the stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the purchase, the director owned 163,000 shares of the company’s stock, valued at approximately $53,379,240. This represents a 13.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Darren Zeidel sold 1,950 shares of the business’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $372.05, for a total transaction of $725,497.50. Following the sale, the general counsel directly owned 13,404 shares in the company, valued at $4,986,958.20. This trade represents a 12.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 4,450 shares of company stock valued at $1,659,242. 1.00% of the stock is owned by insiders.

About AON

Aon plc is a global professional services firm that helps organizations manage risk, support workforce strategies and make informed decisions. Its principal activities include commercial risk brokerage, insurance and reinsurance consulting, retirement and investment advisory services, health and benefits consulting, and data- and analytics-based business solutions.

Aon serves businesses, governments, institutional investors and individuals across a broad range of industries and geographies.