Martingale Asset Management L P Trims Holdings in Aon PLC (AON)

Martingale Asset Management L P lessened its position in Aon PLC (NYSE:AON) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 311,053 shares of the financial services provider’s stock after selling 11,098 shares during the period. Martingale Asset Management L P owned 0.12% of Aon PLC worth $41,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AON. Cambridge Investment Research Advisors Inc. increased its stake in shares of Aon PLC by 0.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,125 shares of the financial services provider’s stock valued at $548,000 after buying an additional 15 shares during the period. Ronna Sue Cohen grew its stake in Aon PLC by 0.3% during the second quarter. Ronna Sue Cohen now owns 6,205 shares of the financial services provider’s stock worth $825,000 after purchasing an additional 18 shares during the period. Checchi Capital Advisers LLC grew its stake in Aon PLC by 1.1% during the second quarter. Checchi Capital Advisers LLC now owns 2,251 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 25 shares during the period. LS Investment Advisors LLC grew its stake in Aon PLC by 0.3% during the second quarter. LS Investment Advisors LLC now owns 15,833 shares of the financial services provider’s stock worth $2,105,000 after purchasing an additional 40 shares during the period. Finally, Cleararc Capital Inc. grew its stake in Aon PLC by 0.9% during the first quarter. Cleararc Capital Inc. now owns 6,444 shares of the financial services provider’s stock worth $765,000 after purchasing an additional 56 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Shares of Aon PLC (NYSE AON) traded up 0.82% during midday trading on Friday, reaching $143.31. The company’s stock had a trading volume of 2,573,230 shares. The company has a market cap of $36.45 billion, a PE ratio of 20.93 and a beta of 1.02. Aon PLC has a 12 month low of $107.19 and a 12 month high of $144.81. The company’s 50-day moving average price is $139.43 and its 200-day moving average price is $129.45.

Aon PLC (NYSE:AON) last posted its 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. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.39 earnings per share. On average, equities analysts anticipate that Aon PLC will post $6.50 EPS for the current fiscal year.

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Several research analysts have issued reports on AON shares. Royal Bank Of Canada reiterated a “hold” rating and issued a $143.00 price target on shares of Aon PLC in a report on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $162.00 price target (up previously from $146.00) on shares of Aon PLC in a report on Monday, July 24th. Wells Fargo & Company restated a “hold” rating on shares of Aon PLC in a report on Friday, August 4th. Citigroup Inc. raised their target price on Aon PLC from $155.00 to $159.00 and gave the company a “buy” rating in a report on Monday, August 7th. Finally, ValuEngine upgraded Aon PLC from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Aon PLC presently has a consensus rating of “Hold” and a consensus price target of $139.00.

In other Aon PLC news, CEO Michael J. O’connor sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $140.28, for a total value of $1,402,800.00. Following the completion of the transaction, the chief executive officer now owns 123,805 shares in the company, valued at $17,367,365.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.

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

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