C WorldWide Group Holding A S Has $106.45 Million Stock Position in Aon plc $AON

C WorldWide Group Holding A S decreased its holdings in shares of Aon plc (NYSE:AON) by 19.6% in the 2nd quarter, Holdings Channel reports. The fund owned 320,935 shares of the financial services provider’s stock after selling 78,377 shares during the period. AON accounts for 2.6% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 14th largest holding. C WorldWide Group Holding A S’s holdings in AON were worth $106,451,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its stake in AON by 9.2% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 14,315 shares of the financial services provider’s stock valued at $4,748,000 after purchasing an additional 1,208 shares during the last quarter. NewEdge Advisors LLC grew its position in AON by 3.5% during the 2nd quarter. NewEdge Advisors LLC now owns 6,898 shares of the financial services provider’s stock worth $2,288,000 after acquiring an additional 234 shares during the last quarter. IFP Advisors Inc raised its position in AON by 183.3% in the second quarter. IFP Advisors Inc now owns 1,592 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 1,030 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of AON by 3.8% during the second quarter. Baird Financial Group Inc. now owns 31,867 shares of the financial services provider’s stock valued at $10,570,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of AON by 61.6% in the second quarter. Allworth Financial LP now owns 5,799 shares of the financial services provider’s stock valued at $1,924,000 after buying an additional 2,210 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. BMO Capital Markets cut their target price on shares of AON from $375.00 to $360.00 and set a “market perform” rating on the stock in a research report on Tuesday, September 1st. Citigroup increased their price objective on AON from $420.00 to $435.00 and gave the company a “buy” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. lifted their target price on AON from $396.00 to $412.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Weiss Ratings upgraded AON from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of AON in a research report on Tuesday, September 1st. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $399.12.

Insiders Place Their Bets

In other AON news, General Counsel Darren Zeidel sold 1,900 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total transaction 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. The trade was a 14.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lester Knight acquired 20,000 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the completion of the purchase, the director directly owned 163,000 shares of the company’s stock, valued at approximately $53,379,240. This represents a 13.99% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 4,450 shares of company stock valued at $1,659,242 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

AON Price Performance

Shares of NYSE AON opened at $316.08 on Wednesday. The company has a market capitalization of $67.05 billion, a PE ratio of 17.42, a P/E/G ratio of 1.63 and a beta of 0.66. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34. Aon plc has a twelve month low of $304.59 and a twelve month high of $382.34. The firm has a fifty day simple moving average of $353.17 and a 200 day simple moving average of $334.17.

AON (NYSE:AON) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.01. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%.The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company posted $3.49 EPS. On average, sell-side analysts forecast that Aon plc will post 18.99 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a $0.82 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $3.28 annualized dividend and a yield of 1.0%. AON’s dividend payout ratio (DPR) is presently 18.08%.

About AON

Aon plc is a global professional services firm that helps organizations manage risk, support workforce strategies and make informed decisions. Its principal activities include commercial risk brokerage, insurance and reinsurance consulting, retirement and investment advisory services, health and benefits consulting, and data- and analytics-based business solutions.

Aon serves businesses, governments, institutional investors and individuals across a broad range of industries and geographies.