Norris Perne & French LLP MI cut its stake in shares of Aon PLC (NYSE:AON) by 14.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 84,018 shares of the company’s stock after selling 14,372 shares during the period. Aon PLC makes up about 2.0% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 19th largest position. Norris Perne & French LLP MI’s holdings in Aon PLC were worth $9,177,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Capstone Asset Management Co. boosted its stake in shares of Aon PLC by 5.1% in the first quarter. Capstone Asset Management Co. now owns 24,549 shares of the company’s stock valued at $2,564,000 after buying an additional 1,190 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Aon PLC by 12.4% in the first quarter. Aperio Group LLC now owns 113,973 shares of the company’s stock valued at $11,904,000 after buying an additional 12,595 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Aon PLC by 141.2% in the first quarter. IFP Advisors Inc now owns 3,189 shares of the company’s stock valued at $333,000 after buying an additional 1,867 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Aon PLC by 175.5% in the first quarter. Canada Pension Plan Investment Board now owns 81,010 shares of the company’s stock valued at $8,461,000 after buying an additional 51,600 shares during the last quarter. Finally, British Columbia Investment Management Corp boosted its stake in shares of Aon PLC by 51.9% in the second quarter. British Columbia Investment Management Corp now owns 145,486 shares of the company’s stock valued at $15,891,000 after buying an additional 49,720 shares during the last quarter. Institutional investors and hedge funds own 84.84% of the company’s stock.

Aon PLC (NYSE:AON) traded up 0.53% during midday trading on Monday, reaching $109.98. The company had a trading volume of 594,266 shares. The company has a 50-day moving average of $110.10 and a 200-day moving average of $106.77. The stock has a market capitalization of $29.21 billion, a PE ratio of 20.71 and a beta of 1.06. Aon PLC has a 12-month low of $83.83 and a 12-month high of $112.50.

Aon PLC (NYSE:AON) last released its quarterly earnings results on Friday, July 29th. The company reported $1.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.39. Aon PLC had a return on equity of 30.10% and a net margin of 12.65%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the company posted $1.31 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. On average, analysts predict that Aon PLC will post $6.49 EPS for the current fiscal year.

Several analysts recently commented on AON shares. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Aon PLC in a report on Tuesday, June 7th. Zacks Investment Research upgraded Aon PLC from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Monday, July 4th. Credit Suisse Group AG reiterated an “underperform” rating on shares of Aon PLC in a report on Wednesday, July 6th. BMO Capital Markets reiterated a “market perform” rating and issued a $115.00 target price (up from $107.00) on shares of Aon PLC in a report on Tuesday, July 12th. Finally, Jefferies Group increased their price target on Aon PLC from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $107.83.

In other Aon PLC news, CEO Stephen P. Mcgill sold 46,698 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total value of $5,062,530.18. Following the sale, the chief executive officer now directly owns 252,071 shares of the company’s stock, valued at $27,327,017.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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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