Nisa Investment Advisors LLC Cuts Stock Holdings in Aon plc $AON

Nisa Investment Advisors LLC cut its position in shares of Aon plc (NYSE:AON) by 9.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,909 shares of the financial services provider’s stock after selling 5,076 shares during the period. Nisa Investment Advisors LLC’s holdings in AON were worth $18,156,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC raised its position in shares of AON by 0.9% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock worth $1,108,000 after acquiring an additional 28 shares during the period. Matrix Trust Co increased its stake in shares of AON by 7.1% in the 3rd quarter. Matrix Trust Co now owns 422 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 28 shares in the last quarter. Sunflower Bank N.A. boosted its position in AON by 1.8% during the second quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock worth $598,000 after purchasing an additional 30 shares in the last quarter. Focus Financial Network Inc. grew its holdings in AON by 5.7% in the second quarter. Focus Financial Network Inc. now owns 577 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 31 shares during the period. Finally, Pinnacle Bancorp Inc. increased its position in shares of AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

AON opened at $350.95 on Friday. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The firm has a market capitalization of $75.43 billion, a PE ratio of 28.12, a PEG ratio of 1.79 and a beta of 0.84. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.86. The firm’s 50-day moving average price is $349.43 and its 200 day moving average price is $355.27.

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

Analyst Ratings Changes

A number of research firms recently issued reports on AON. TD Cowen dropped their price target on shares of AON from $419.00 to $416.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Wolfe Research initiated coverage on shares of AON in a research report on Monday, September 15th. They issued a “peer perform” rating on the stock. UBS Group reduced their price target 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. Roth Capital reiterated a “buy” rating and issued a $390.00 price objective on shares of AON in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. reduced their target price on AON from $433.00 to $406.00 and set an “overweight” rating for the company in a report on Wednesday. One investment 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. Based on data from MarketBeat.com, AON has an average rating of “Moderate Buy” and an average price target of $411.35.

AON 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.