PNC Financial Services Group Inc. reduced its stake in shares of Aon PLC (NYSE:AON) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 259,395 shares of the financial services provider’s stock after selling 17,791 shares during the period. PNC Financial Services Group Inc. owned approximately 0.10% of Aon PLC worth $34,487,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Aon PLC by 0.6% during the 2nd quarter. BlackRock Inc. now owns 15,663,729 shares of the financial services provider’s stock worth $2,082,493,000 after buying an additional 100,762 shares during the period. Longview Partners Guernsey LTD raised its holdings in Aon PLC by 1.7% during the 2nd quarter. Longview Partners Guernsey LTD now owns 6,700,077 shares of the financial services provider’s stock worth $890,775,000 after buying an additional 114,690 shares during the period. Mawer Investment Management Ltd. raised its holdings in Aon PLC by 2.5% during the 2nd quarter. Mawer Investment Management Ltd. now owns 5,131,164 shares of the financial services provider’s stock worth $682,188,000 after buying an additional 122,803 shares during the period. Boston Partners raised its holdings in Aon PLC by 1.3% during the 2nd quarter. Boston Partners now owns 3,066,684 shares of the financial services provider’s stock worth $407,715,000 after buying an additional 39,993 shares during the period. Finally, Tesco Pension Investment Ltd raised its holdings in Aon PLC by 4.2% during the 2nd quarter. Tesco Pension Investment Ltd now owns 1,530,405 shares of the financial services provider’s stock worth $203,467,000 after buying an additional 61,907 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Several brokerages have commented on AON. Royal Bank Of Canada restated a “hold” rating and set a $143.00 target price on shares of Aon PLC in a report on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating and set a $162.00 target price (up from $146.00) on shares of Aon PLC in a report on Monday, July 24th. Wells Fargo & Company restated a “hold” rating on shares of Aon PLC in a report on Friday, August 4th. Citigroup Inc. raised their target price on shares of Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, ValuEngine upgraded shares of Aon PLC from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $139.00.

Aon PLC (AON) traded up 0.47% during mid-day trading on Tuesday, hitting $144.72. 54,236 shares of the stock were exchanged. The stock has a 50 day moving average price of $139.58 and a 200 day moving average price of $129.83. The company has a market capitalization of $36.81 billion, a PE ratio of 21.14 and a beta of 1.02. Aon PLC has a 1-year low of $107.19 and a 1-year high of $144.84.

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

In related news, CEO Michael J. O’connor sold 10,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total value of $1,402,800.00. Following the transaction, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,367,365.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.90% of the stock is owned by company insiders.

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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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