Hedeker Wealth LLC cut its stake in shares of Aon PLC (NYSE:AON) by 56.4% during the second quarter, Holdings Channel reports. The firm owned 9,679 shares of the company’s stock after selling 12,531 shares during the period. Hedeker Wealth LLC’s holdings in Aon PLC were worth $1,057,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Checchi Capital Advisers LLC boosted its stake in Aon PLC by 4.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,776 shares of the company’s stock valued at $194,000 after buying an additional 81 shares during the period. Chesley Taft & Associates LLC purchased a new stake in Aon PLC during the second quarter valued at $203,000. Tufton Capital Management purchased a new stake in Aon PLC during the second quarter valued at $208,000. Bremer Trust National Association boosted its stake in Aon PLC by 8.1% in the second quarter. Bremer Trust National Association now owns 3,139 shares of the company’s stock valued at $343,000 after buying an additional 234 shares during the period. Finally, Capital Analysts LLC boosted its stake in Aon PLC by 8.2% in the second quarter. Capital Analysts LLC now owns 3,595 shares of the company’s stock valued at $393,000 after buying an additional 272 shares during the period. 84.51% of the stock is owned by institutional investors and hedge funds.
Shares of Aon PLC (NYSE:AON) traded up 0.45% during midday trading on Friday, hitting $110.69. 747,744 shares of the stock were exchanged. Aon PLC has a 12-month low of $83.83 and a 12-month high of $113.78. The firm has a market cap of $29.40 billion, a P/E ratio of 20.84 and a beta of 1.02. The firm has a 50 day moving average of $111.23 and a 200 day moving average of $108.11.
Aon PLC (NYSE:AON) last released its earnings results on Friday, July 29th. The company reported $1.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.39. Aon PLC had a net margin of 12.65% and a return on equity of 30.10%. The firm earned $2.80 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the firm earned $1.31 earnings per share. Aon PLC’s revenue was down 1.4% compared to the same quarter last year. Equities analysts forecast that Aon PLC will post $6.49 EPS for the current fiscal year.
Several research firms have recently weighed in on AON. Credit Suisse Group AG reissued a “sell” rating on shares of Aon PLC in a research note on Monday, August 1st. Zacks Investment Research cut shares of Aon PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Citigroup Inc. increased their price objective on shares of Aon PLC from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday. Jefferies Group increased their price objective on shares of Aon PLC from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Finally, Langen Mcalenn reaffirmed a “buy” rating on shares of Aon PLC in a research report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Aon PLC presently has a consensus rating of “Hold” and an average target price of $108.75.
In related news, CEO Stephen P. Mcgill sold 46,698 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $108.41, for a total value of $5,062,530.18. Following the completion of the sale, the chief executive officer now directly owns 252,071 shares in the company, valued at $27,327,017.11. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
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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