Bessemer Group Inc. decreased its position in Aon PLC (NYSE:AON) by 15.6% during the second quarter, Holdings Channel reports. The fund owned 70,658 shares of the financial services provider’s stock after selling 13,077 shares during the period. Bessemer Group Inc.’s holdings in Aon PLC were worth $9,393,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AON. FNY Partners Fund LP acquired a new position in Aon PLC during the first quarter worth $106,000. Mitchell Capital Management Co. acquired a new position in Aon PLC during the second quarter worth $202,000. Capital Investment Advisors LLC acquired a new position in Aon PLC during the second quarter worth $220,000. Armstrong Henry H Associates Inc. acquired a new position in Aon PLC during the second quarter worth $220,000. Finally, Assetmark Inc. raised its position in Aon PLC by 191.4% in the first quarter. Assetmark Inc. now owns 2,305 shares of the financial services provider’s stock worth $274,000 after buying an additional 1,514 shares during the last quarter. Hedge funds and other institutional investors own 86.26% of the company’s stock.

Shares of Aon PLC (NYSE AON) opened at 138.95 on Friday. The stock has a market capitalization of $36.41 billion, a P/E ratio of 27.45 and a beta of 1.03. Aon PLC has a 12 month low of $107.19 and a 12 month high of $141.45. The firm has a 50 day moving average of $135.80 and a 200-day moving average of $123.89.

Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.45. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. Aon PLC had a net margin of 12.23% and a return on equity of 32.34%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 earnings per share. Analysts forecast that Aon PLC will post $6.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.04%. Aon PLC’s dividend payout ratio is currently 20.48%.

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Several equities analysts have weighed in on AON shares. Zacks Investment Research upgraded shares of Aon PLC from a “hold” rating to a “buy” rating and set a $146.00 target price on the stock in a report on Tuesday, May 30th. Jefferies Group LLC reiterated a “buy” rating and issued a $146.00 target price on shares of Aon PLC in a report on Friday, June 16th. BidaskClub lowered shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Citigroup Inc. boosted their target price on shares of Aon PLC from $144.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Finally, Barclays PLC boosted their target price on shares of Aon PLC from $115.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $133.58.

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

Aon PLC Company Profile

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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