Pacer Advisors Inc. Sells 3,887 Shares of Aon plc $AON

Pacer Advisors Inc. lessened its holdings in shares of Aon plc (NYSE:AON) by 18.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 17,364 shares of the financial services provider’s stock after selling 3,887 shares during the period. Pacer Advisors Inc.’s holdings in AON were worth $6,192,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Silver Lake Advisory LLC acquired a new stake in shares of AON in the third quarter valued at $1,292,000. Nordea Investment Management AB lifted its holdings in AON by 6.6% in the second quarter. Nordea Investment Management AB now owns 17,062 shares of the financial services provider’s stock valued at $6,051,000 after buying an additional 1,061 shares during the period. Peak Financial Advisors LLC acquired a new position in shares of AON during the 2nd quarter worth about $2,464,000. Focus Partners Wealth increased its position in shares of AON by 27.7% in the 1st quarter. Focus Partners Wealth now owns 125,834 shares of the financial services provider’s stock valued at $50,219,000 after buying an additional 27,280 shares in the last quarter. Finally, Arrowroot Family Office LLC acquired a new stake in AON during the 2nd quarter worth approximately $541,000. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on AON. TD Cowen reduced their target price on shares of AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Barclays reiterated an “equal weight” rating and issued a $379.00 price objective (down previously from $420.00) on shares of AON in a research note on Thursday, November 20th. Evercore ISI raised their price target on AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. UBS Group lowered their price objective on shares of AON from $400.00 to $390.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Mizuho initiated coverage on AON in a research note on Monday, December 15th. They set a “neutral” rating and a $389.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $413.18.

AON Price Performance

AON stock opened at $356.65 on Tuesday. The stock’s 50 day moving average is $346.74 and its 200 day moving average is $355.40. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.35 and a quick ratio of 1.35. Aon plc has a one year low of $323.73 and a one year high of $412.97. The firm has a market cap of $76.65 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.04 and a beta of 0.84.

AON (NYSE:AON) last announced its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. AON had a net margin of 15.96% and a return on equity of 48.88%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter last year, the firm earned $2.72 earnings per share. AON’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. AON’s dividend payout ratio (DPR) is 23.88%.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.