Connable Office Inc. lowered its stake in shares of Aon PLC (NYSE:AON) by 30.1% during the second quarter, Holdings Channel reports. The firm owned 15,410 shares of the financial services provider’s stock after selling 6,649 shares during the period. Connable Office Inc.’s holdings in Aon PLC were worth $2,049,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AON. Everence Capital Management Inc. raised its position in shares of Aon PLC by 19.0% in the first quarter. Everence Capital Management Inc. now owns 8,958 shares of the financial services provider’s stock valued at $1,063,000 after buying an additional 1,430 shares during the period. Nationwide Fund Advisors raised its position in shares of Aon PLC by 1.2% in the first quarter. Nationwide Fund Advisors now owns 74,287 shares of the financial services provider’s stock valued at $8,817,000 after buying an additional 883 shares during the period. Waldron LP raised its position in shares of Aon PLC by 81.2% in the first quarter. Waldron LP now owns 3,826 shares of the financial services provider’s stock valued at $454,000 after buying an additional 1,714 shares during the period. Russell Investments Group Ltd. raised its position in shares of Aon PLC by 25.3% in the first quarter. Russell Investments Group Ltd. now owns 1,045,970 shares of the financial services provider’s stock valued at $124,125,000 after buying an additional 210,931 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Aon PLC by 10.4% in the first quarter. IFP Advisors Inc now owns 3,295 shares of the financial services provider’s stock valued at $391,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 86.41% of the company’s stock.

Shares of Aon PLC (NYSE AON) opened at 140.19 on Thursday. Aon PLC has a one year low of $107.19 and a one year high of $141.45. The company’s 50-day moving average price is $136.39 and its 200 day moving average price is $124.86. The stock has a market capitalization of $36.74 billion, a PE ratio of 27.69 and a beta of 1.03.

Aon PLC (NYSE:AON) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate 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 in the previous year, the firm posted $1.39 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts anticipate that Aon PLC will post $6.50 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, July 28th. This represents a $1.44 annualized dividend and a yield of 1.03%. Aon PLC’s payout ratio is currently 20.48%.

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Several equities analysts have recently commented on AON shares. Zacks Investment Research lowered Aon PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Wells Fargo & Company reiterated a “hold” rating on shares of Aon PLC in a research report on Sunday, April 16th. Jefferies Group LLC reiterated a “buy” rating and set a $146.00 price objective (up from $137.00) on shares of Aon PLC in a research report on Tuesday, May 9th. Credit Suisse Group reiterated a “sell” rating and set a $122.00 price objective on shares of Aon PLC in a research report on Wednesday, May 10th. Finally, UBS AG reiterated a “neutral” rating and set a $133.00 price objective (up from $125.00) on shares of Aon PLC in a research report on Friday, May 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Aon PLC has an average rating of “Hold” and an average target price of $139.00.

In other Aon PLC news, EVP Peter M. Lieb sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $130.40, for a total transaction of $260,800.00. Following the sale, the executive vice president now directly owns 20,216 shares of the company’s stock, valued at $2,636,166.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Laurel G. Meissner sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $126.19, for a total value of $504,760.00. Following the sale, the senior vice president now directly owns 16,314 shares in the company, valued at $2,058,663.66. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

About Aon PLC

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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