Pacer Advisors Inc. Lowers Holdings in Aon plc $AON

Pacer Advisors Inc. lowered its holdings in shares of Aon plc (NYSE:AON) by 30.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,647 shares of the financial services provider’s stock after selling 5,857 shares during the quarter. Pacer Advisors Inc.’s holdings in AON were worth $4,405,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. City National Bank of Florida MSD grew its holdings in AON by 3.8% during the 4th quarter. City National Bank of Florida MSD now owns 867 shares of the financial services provider’s stock valued at $306,000 after buying an additional 32 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in shares of AON by 39.3% in the fourth quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock worth $41,000 after buying an additional 33 shares in the last quarter. Mattern Capital Management LLC boosted its position in shares of AON by 0.8% during the fourth quarter. Mattern Capital Management LLC now owns 3,974 shares of the financial services provider’s stock worth $1,402,000 after acquiring an additional 33 shares during the last quarter. CENTRAL TRUST Co grew its stake in AON by 2.6% during the fourth quarter. CENTRAL TRUST Co now owns 1,341 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 34 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in AON by 0.4% in the 4th quarter. Larson Financial Group LLC now owns 9,584 shares of the financial services provider’s stock valued at $3,382,000 after acquiring an additional 34 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Price Performance

NYSE:AON opened at $360.49 on Friday. The firm has a market capitalization of $76.47 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.86 and a beta of 0.69. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.54 and a quick ratio of 1.54. The business has a 50 day simple moving average of $344.27 and a 200-day simple moving average of $332.34. Aon plc has a 1 year low of $304.59 and a 1 year high of $382.34.

AON (NYSE:AON) last released its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.01. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%.The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.49 EPS. Equities analysts forecast that Aon plc will post 19.06 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.82 per share. The ex-dividend date is Monday, August 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. AON’s payout ratio is 18.08%.

Analyst Upgrades and Downgrades

AON has been the subject of several research reports. Keefe, Bruyette & Woods increased their price objective on shares of AON from $400.00 to $412.00 and gave the company an “outperform” rating in a report on Tuesday. Wells Fargo & Company lifted their target price on AON from $406.00 to $419.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. UBS Group boosted their target price on AON from $383.00 to $387.00 and gave the stock a “neutral” rating in a research report on Monday. Piper Sandler raised their price target on AON from $377.00 to $391.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lifted their price objective on AON from $396.00 to $412.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AON currently has an average rating of “Moderate Buy” and a consensus price target of $410.75.

Insider Buying and Selling at AON

In other news, General Counsel Darren Zeidel sold 1,900 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total value of $717,744.00. Following the completion of the sale, the general counsel owned 11,504 shares in the company, valued at approximately $4,345,751.04. This trade represents a 14.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 4,450 shares of company stock valued at $1,659,242 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.