Wealthfront Advisers LLC lifted its holdings in Aon PLC (NYSE:AON) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,929 shares of the financial services provider’s stock after buying an additional 739 shares during the period. Wealthfront Advisers LLC’s holdings in AON were worth $1,866,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in shares of AON by 5.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 22,515,572 shares of the financial services provider’s stock worth $3,272,864,000 after acquiring an additional 1,072,842 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of AON by 4.0% in the 1st quarter. BlackRock Inc. now owns 16,630,110 shares of the financial services provider’s stock valued at $2,838,761,000 after acquiring an additional 632,726 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of AON by 12.3% in the 1st quarter. Lazard Asset Management LLC now owns 9,299,944 shares of the financial services provider’s stock valued at $1,587,498,000 after acquiring an additional 1,017,180 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in shares of AON by 7.8% in the 1st quarter. Mawer Investment Management Ltd. now owns 6,185,665 shares of the financial services provider’s stock valued at $1,055,893,000 after acquiring an additional 448,696 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of AON by 14.5% in the 1st quarter. Boston Partners now owns 4,162,350 shares of the financial services provider’s stock valued at $710,513,000 after acquiring an additional 528,189 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

In other news, insider Eric Andersen sold 7,500 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.50, for a total value of $1,338,750.00. Following the completion of the sale, the insider now directly owns 80,941 shares in the company, valued at $14,447,968.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Peter M. Lieb sold 5,200 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $178.39, for a total transaction of $927,628.00. Following the sale, the general counsel now owns 16,446 shares of the company’s stock, valued at $2,933,801.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,345 shares of company stock worth $4,370,513. Insiders own 0.92% of the company’s stock.

Several research firms have recently commented on AON. Barclays upped their price objective on shares of AON from $155.00 to $182.00 and gave the company an “equal weight” rating in a report on Wednesday, May 22nd. Wells Fargo & Co reaffirmed a “hold” rating and issued a $173.00 price objective on shares of AON in a report on Friday, April 26th. Morgan Stanley increased their price target on shares of AON from $169.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 15th. Finally, ValuEngine raised shares of AON from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $175.80.

AON traded up $0.22 during midday trading on Wednesday, hitting $189.67. 35,023 shares of the company traded hands, compared to its average volume of 1,052,616. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.23. The company has a market cap of $45.76 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.75 and a beta of 0.87. Aon PLC has a 52-week low of $134.82 and a 52-week high of $192.79.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $3.31. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.21 billion. AON had a net margin of 11.08% and a return on equity of 46.15%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $2.97 earnings per share. On average, research analysts forecast that Aon PLC will post 9.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.93%. This is an increase from AON’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, April 30th. AON’s dividend payout ratio (DPR) is presently 21.57%.

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About AON

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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