Intellectus Partners LLC Cuts Stake in Aon PLC (AON)

Intellectus Partners LLC lowered its stake in shares of Aon PLC (NYSE:AON) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,266 shares of the financial services provider’s stock after selling 12 shares during the period. Intellectus Partners LLC’s holdings in Aon PLC were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in shares of Aon PLC by 16.7% during the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 106 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in shares of Aon PLC during the second quarter worth about $108,000. Pathstone Family Office LLC increased its stake in shares of Aon PLC by 6,775.0% during the second quarter. Pathstone Family Office LLC now owns 825 shares of the financial services provider’s stock worth $1,703,000 after purchasing an additional 813 shares in the last quarter. Magellan Asset Management Ltd increased its stake in shares of Aon PLC by 110.2% during the second quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 444 shares in the last quarter. Finally, FNY Partners Fund LP purchased a new stake in shares of Aon PLC during the first quarter worth about $106,000. 84.32% of the stock is owned by institutional investors and hedge funds.

In other Aon PLC news, CEO Michael J. O’connor sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the completion of the transaction, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,951,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Aon PLC (AON) traded down 0.14% during trading on Wednesday, reaching $147.42. 276,341 shares of the company were exchanged. The firm has a market capitalization of $38.63 billion, a PE ratio of 38.49 and a beta of 1.04. Aon PLC has a 12 month low of $107.19 and a 12 month high of $147.87. The stock has a 50 day moving average price of $143.09 and a 200 day moving average price of $133.18.

Aon PLC (NYSE:AON) last posted its earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same period last year, the firm posted $1.39 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts expect that Aon PLC will post $6.50 EPS for the current fiscal year.

A number of analysts have recently commented on the stock. ValuEngine cut shares of Aon PLC from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Royal Bank Of Canada reissued a “hold” rating and set a $143.00 target price on shares of Aon PLC in a research note on Wednesday, September 6th. Jefferies Group LLC reissued a “buy” rating on shares of Aon PLC in a research note on Tuesday, September 5th. BidaskClub cut shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Finally, Deutsche Bank AG boosted their target price on shares of Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $138.20.

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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.

Institutional Ownership by Quarter for Aon PLC (NYSE:AON)

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