Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its stake in shares of Aon PLC (NYSE:AON) by 10.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,336 shares of the financial services provider’s stock after selling 4,696 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Aon PLC were worth $5,363,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of AON. Financial Counselors Inc. raised its stake in shares of Aon PLC by 1.6% in the first quarter. Financial Counselors Inc. now owns 3,641 shares of the financial services provider’s stock valued at $432,000 after buying an additional 57 shares in the last quarter. Kings Point Capital Management raised its position in shares of Aon PLC by 1.6% in the first quarter. Kings Point Capital Management now owns 33,397 shares of the financial services provider’s stock worth $3,964,000 after buying an additional 533 shares during the period. Cibc World Markets Corp raised its position in shares of Aon PLC by 52.4% in the first quarter. Cibc World Markets Corp now owns 27,441 shares of the financial services provider’s stock worth $3,257,000 after buying an additional 9,433 shares during the period. Assetmark Inc. raised its position in shares of 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 period. Finally, Karp Capital Management Corp purchased a new position in shares of Aon PLC during the first quarter worth about $14,657,000. Hedge funds and other institutional investors own 86.41% of the company’s stock.

Shares of Aon PLC (AON) opened at 138.85 on Friday. The stock’s 50 day moving average price is $136.49 and its 200-day moving average price is $124.96. The firm has a market capitalization of $35.31 billion, a PE ratio of 20.28 and a beta of 1.03. Aon PLC has a 52-week low of $107.19 and a 52-week high of $141.45.

Aon PLC (NYSE:AON) last issued its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.45. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period in the previous year, the business posted $1.39 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that Aon PLC will post $6.50 EPS for the current fiscal year.

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

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A number of brokerages recently issued reports on AON. Jefferies Group LLC restated a “buy” rating and issued a $162.00 target price (up previously from $146.00) on shares of Aon PLC in a research note on Monday, July 24th. Wells Fargo & Company restated a “hold” rating on shares of Aon PLC in a research note on Friday, August 4th. Royal Bank Of Canada restated a “hold” rating and issued a $143.00 target price on shares of Aon PLC in a research note on Sunday, August 6th. Citigroup Inc. raised their target price on Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Deutsche Bank AG raised their target price on Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $139.00.

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

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.

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

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