Aon plc (NYSE:AON) Shares Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC increased its holdings in shares of Aon plc (NYSE:AON) by 25.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,504 shares of the financial services provider’s stock after purchasing an additional 309 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in AON were worth $438,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AON. Panagora Asset Management Inc. increased its position in shares of AON by 34.7% during the 1st quarter. Panagora Asset Management Inc. now owns 5,003 shares of the financial services provider’s stock worth $1,629,000 after purchasing an additional 1,289 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in AON by 134.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,633 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 937 shares in the last quarter. Baird Financial Group Inc. grew its position in AON by 16.1% in the 1st quarter. Baird Financial Group Inc. now owns 28,451 shares of the financial services provider’s stock valued at $9,264,000 after acquiring an additional 3,948 shares in the last quarter. Zions Bancorporation N.A. grew its position in AON by 46.0% in the 1st quarter. Zions Bancorporation N.A. now owns 1,276 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 402 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in AON by 5.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 4,544 shares of the financial services provider’s stock valued at $1,480,000 after acquiring an additional 226 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AON

In other AON news, insider Michael Neller sold 750 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the sale, the insider now owns 3,869 shares in the company, valued at $1,207,128. The sale was disclosed in a document filed with the SEC, which is available through this link. In other AON news, insider Lisa Stevens sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the sale, the insider now owns 10,073 shares in the company, valued at $3,175,613.98. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael Neller sold 750 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the sale, the insider now owns 3,869 shares of the company’s stock, valued at approximately $1,207,128. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is owned by insiders.

AON Stock Down 1.6 %

AON stock opened at $311.00 on Friday. The business has a 50 day moving average price of $317.18 and a 200 day moving average price of $315.75. The stock has a market cap of $61.67 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.19 and a beta of 0.86. Aon plc has a fifty-two week low of $284.85 and a fifty-two week high of $347.37.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter in the prior year, the firm posted $3.89 EPS. AON’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Aon plc will post 15.77 EPS for the current year.

Analyst Upgrades and Downgrades

AON has been the subject of several research reports. Wells Fargo & Company dropped their target price on AON from $304.00 to $295.00 and set an “underweight” rating for the company in a research report on Thursday, December 21st. Royal Bank of Canada lowered their price objective on AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research report on Monday, February 5th. The Goldman Sachs Group lowered their price objective on AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, January 9th. UBS Group lowered their price objective on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. Finally, BMO Capital Markets lowered their price objective on AON from $350.00 to $325.00 and set a “market perform” rating for the company in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, AON presently has a consensus rating of “Hold” and a consensus price target of $337.50.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.