Martingale Asset Management L P lowered its holdings in shares of Aon PLC (NYSE:AON) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 311,053 shares of the financial services provider’s stock after selling 11,098 shares during the quarter. Martingale Asset Management L P owned 0.12% of Aon PLC worth $41,355,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in AON. Longview Partners Guernsey LTD raised its stake in shares of Aon PLC by 1.7% in the second quarter. Longview Partners Guernsey LTD now owns 6,700,077 shares of the financial services provider’s stock valued at $890,775,000 after acquiring an additional 114,690 shares during the period. Mawer Investment Management Ltd. raised its stake in shares of Aon PLC by 2.5% in the second quarter. Mawer Investment Management Ltd. now owns 5,131,164 shares of the financial services provider’s stock valued at $682,188,000 after acquiring an additional 122,803 shares during the period. Boston Partners raised its stake in shares of Aon PLC by 1.3% in the second quarter. Boston Partners now owns 3,066,684 shares of the financial services provider’s stock valued at $407,715,000 after acquiring an additional 39,993 shares during the period. Tesco Pension Investment Ltd raised its stake in shares of Aon PLC by 4.2% in the second quarter. Tesco Pension Investment Ltd now owns 1,530,405 shares of the financial services provider’s stock valued at $203,467,000 after acquiring an additional 61,907 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Aon PLC by 4.5% in the second quarter. Legal & General Group Plc now owns 1,347,737 shares of the financial services provider’s stock valued at $179,183,000 after acquiring an additional 58,225 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Aon PLC (AON) traded up 2.91% on Friday, reaching $142.64. 1,630,923 shares of the company traded hands. Aon PLC has a 1-year low of $107.19 and a 1-year high of $143.13. The stock has a 50 day moving average of $138.84 and a 200-day moving average of $128.49. The stock has a market capitalization of $36.28 billion, a price-to-earnings ratio of 20.84 and a beta of 1.02.

Aon PLC (NYSE:AON) last issued 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 analyst estimates of $2.37 billion. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 earnings per share. On average, equities analysts anticipate that Aon PLC will post $6.50 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a dividend of $0.36 per share. The ex-dividend date was Friday, July 28th. This represents a $1.44 dividend on an annualized basis and a yield of 1.01%. Aon PLC’s dividend payout ratio (DPR) is presently 20.48%.

In other Aon PLC news, CEO Michael J. O’connor sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the sale, the chief executive officer now directly owns 123,805 shares in the company, valued at $17,367,365.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate insiders.

AON has been the topic of several recent analyst reports. BidaskClub downgraded shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research raised shares of Aon PLC from a “hold” rating to a “buy” rating and set a $146.00 target price on the stock in a research note on Tuesday, May 30th. Jefferies Group LLC reissued a “buy” rating and issued a $146.00 target price on shares of Aon PLC in a research note on Friday, June 16th. Citigroup Inc. increased their target price on shares of Aon PLC from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Finally, ValuEngine raised shares of Aon PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $139.00.

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Aon PLC 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.

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

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