Aon PLC (AON) Shares Sold by Ycg LLC

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Ycg LLC lessened its stake in Aon PLC (NYSE:AON) by 0.3% during the first quarter, HoldingsChannel reports. The firm owned 201,103 shares of the financial services provider’s stock after selling 514 shares during the period. AON makes up approximately 6.0% of Ycg LLC’s holdings, making the stock its 6th biggest holding. Ycg LLC’s holdings in AON were worth $34,514,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in AON during the fourth quarter worth about $25,000. Berman Capital Advisors LLC acquired a new stake in AON during the fourth quarter worth about $25,000. Oregon Public Employees Retirement Fund raised its stake in AON by 14,228.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 3,813,464 shares during the period. Sontag Advisory LLC acquired a new stake in AON during the fourth quarter worth about $31,000. Finally, Somerset Trust Co raised its stake in AON by 171.8% during the first quarter. Somerset Trust Co now owns 212 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 84.98% of the company’s stock.

Shares of NYSE:AON traded up $2.67 during trading hours on Friday, hitting $179.15. The stock had a trading volume of 20,930 shares, compared to its average volume of 1,089,060. Aon PLC has a 1-year low of $134.82 and a 1-year high of $182.60. The firm has a market capitalization of $43.33 billion, a P/E ratio of 21.91, a PEG ratio of 1.75 and a beta of 0.94. The company has a current ratio of 2.09, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $3.31 EPS for the quarter, meeting the consensus estimate of $3.31. AON had a net margin of 11.08% and a return on equity of 46.15%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same quarter last year, the business earned $2.97 earnings per share. AON’s revenue was up 1.7% compared to the same quarter last year. Analysts predict that Aon PLC will post 9.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.44 dividend. The ex-dividend date is Tuesday, April 30th. This is a boost from AON’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 0.98%. AON’s dividend payout ratio (DPR) is 21.57%.

AON has been the topic of several research reports. Zacks Investment Research lowered shares of AON from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Goldman Sachs Group lowered shares of AON from a “buy” rating to a “neutral” rating and dropped their price target for the company from $171.00 to $163.00 in a research note on Tuesday, January 8th. Wells Fargo & Co restated a “hold” rating on shares of AON in a research note on Tuesday, January 8th. Compass Point began coverage on shares of AON in a research note on Tuesday, January 15th. They issued a “buy” rating and a $195.00 price target on the stock. Finally, MKM Partners upgraded shares of AON from a “neutral” rating to a “buy” rating and raised their price target for the company from $155.00 to $200.00 in a research note on Monday, February 4th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $171.60.

In other news, insider Michael Neller sold 1,250 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $171.66, for a total value of $214,575.00. Following the completion of the transaction, the insider now directly owns 5,188 shares in the company, valued at $890,572.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christa Davies sold 58,152 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $170.90, for a total transaction of $9,938,176.80. Following the completion of the transaction, the chief financial officer now owns 288,016 shares of the company’s stock, valued at $49,221,934.40. The disclosure for this sale can be found here. Insiders sold 79,670 shares of company stock valued at $13,683,678 over the last quarter. Insiders own 0.42% of the company’s stock.

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AON Profile

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.

Further Reading: Initial Public Offering (IPO)

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Institutional Ownership by Quarter for AON (NYSE:AON)

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