Elkhorn Investments LLC lessened its position in Aon PLC (NYSE:AON) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,931 shares of the financial services provider’s stock after selling 263 shares during the period. Aon PLC accounts for about 1.1% of Elkhorn Investments LLC’s portfolio, making the stock its 23rd biggest holding. Elkhorn Investments LLC’s holdings in Aon PLC were worth $1,380,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AON. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Aon PLC by 2,385.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,224,194 shares of the financial services provider’s stock worth $162,757,000 after purchasing an additional 1,174,940 shares in the last quarter. Vanguard Group Inc. increased its holdings in Aon PLC by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 17,812,319 shares of the financial services provider’s stock worth $2,368,149,000 after purchasing an additional 415,363 shares in the last quarter. Egerton Capital UK LLP acquired a new position in Aon PLC in the 2nd quarter worth about $45,094,000. New York State Common Retirement Fund increased its holdings in Aon PLC by 16.1% in the 2nd quarter. New York State Common Retirement Fund now owns 1,143,276 shares of the financial services provider’s stock worth $151,999,000 after purchasing an additional 158,175 shares in the last quarter. Finally, Quantitative Investment Management LLC increased its holdings in Aon PLC by 169.3% in the 2nd quarter. Quantitative Investment Management LLC now owns 197,400 shares of the financial services provider’s stock worth $26,244,000 after purchasing an additional 124,100 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on AON. Morgan Stanley reaffirmed an “equal weight” rating and issued a $138.00 target price (up previously from $130.00) on shares of Aon PLC in a report on Thursday, July 6th. BidaskClub cut Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Citigroup Inc. upped their target price on Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Langen Mcalenn cut Aon PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Aon PLC in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Aon PLC presently has a consensus rating of “Hold” and an average price target of $139.00.

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In related news, CEO Michael J. O’connor sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the transaction, the chief executive officer now owns 123,805 shares in the company, valued at approximately $17,367,365.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by insiders.

Aon PLC (NYSE AON) traded up 0.75% during midday trading on Friday, hitting $146.02. The company’s stock had a trading volume of 778,916 shares. The company has a market cap of $37.14 billion, a PE ratio of 21.33 and a beta of 1.02. The stock has a 50 day moving average of $139.76 and a 200 day moving average of $130.04. Aon PLC has a 52-week low of $107.19 and a 52-week high of $146.16.

Aon PLC (NYSE:AON) last announced its quarterly earnings results 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. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the previous year, the business earned $1.39 EPS. Aon PLC’s revenue was up 3.8% compared to the same quarter last year. On average, equities analysts expect that Aon PLC will post $6.50 EPS for the current year.

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.

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

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