Meiji Yasuda Asset Management Co Ltd. reduced its stake in shares of Aon PLC (NYSE:AON) by 29.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,933 shares of the financial services provider’s stock after selling 3,350 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Aon PLC were worth $1,055,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Greenwood Gearhart Inc. boosted its stake in Aon PLC by 7.4% in the first quarter. Greenwood Gearhart Inc. now owns 39,961 shares of the financial services provider’s stock valued at $4,743,000 after buying an additional 2,760 shares in the last quarter. Cleararc Capital Inc. boosted its stake in Aon PLC by 0.9% in the first quarter. Cleararc Capital Inc. now owns 6,444 shares of the financial services provider’s stock valued at $765,000 after buying an additional 56 shares in the last quarter. Financial Counselors Inc. boosted its stake in Aon PLC by 1.6% in the first quarter. Financial Counselors Inc. now owns 3,641 shares of the financial services provider’s stock valued at $432,000 after buying an additional 57 shares in the last quarter. Kings Point Capital Management boosted its stake in Aon PLC by 1.6% in the first quarter. Kings Point Capital Management now owns 33,397 shares of the financial services provider’s stock valued at $3,964,000 after buying an additional 533 shares in the last quarter. Finally, Cibc World Markets Corp boosted its stake in Aon PLC by 52.4% in the first quarter. Cibc World Markets Corp now owns 27,441 shares of the financial services provider’s stock valued at $3,257,000 after buying an additional 9,433 shares in the last quarter. 85.91% of the stock is currently owned by institutional investors and hedge funds.

Aon PLC (NYSE:AON) opened at 138.05 on Friday. The stock’s 50 day moving average is $137.98 and its 200 day moving average is $126.98. The firm has a market capitalization of $35.11 billion, a price-to-earnings ratio of 20.17 and a beta of 1.03. Aon PLC has a 1-year low of $107.19 and a 1-year high of $141.45.

Aon PLC (NYSE:AON) last announced its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.45. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. Aon PLC’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 EPS. Analysts predict that Aon PLC will post $6.50 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, July 28th. Aon PLC’s payout ratio is 20.48%.

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AON has been the topic of several analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $162.00 price target (up from $146.00) on shares of Aon PLC in a research report on Monday, July 24th. Wells Fargo & Company reissued a “hold” rating on shares of Aon PLC in a research report on Friday, August 4th. Royal Bank Of Canada reissued a “hold” rating and set a $143.00 price target on shares of Aon PLC in a research report on Sunday, August 6th. Citigroup Inc. boosted their price target on shares of Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, Deutsche Bank AG boosted their price target on shares of Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $139.00.

Aon PLC Company Profile

Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.

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Institutional Ownership by Quarter for Aon PLC (NYSE:AON)

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