Aon PLC (NYSE:AON) Shares Sold by We Are One Seven LLC
We Are One Seven LLC reduced its position in Aon PLC (NYSE:AON) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,157 shares of the financial services provider’s stock after selling 577 shares during the quarter. We Are One Seven LLC’s holdings in AON were worth $1,960,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of AON. Norges Bank purchased a new position in AON in the fourth quarter worth $176,885,000. Lazard Asset Management LLC raised its position in AON by 12.3% in the first quarter. Lazard Asset Management LLC now owns 9,299,944 shares of the financial services provider’s stock worth $1,587,498,000 after acquiring an additional 1,017,180 shares in the last quarter. Ronna Sue Cohen raised its position in AON by 17,002.4% in the first quarter. Ronna Sue Cohen now owns 831,346 shares of the financial services provider’s stock worth $831,000 after acquiring an additional 826,485 shares in the last quarter. Ellis Investment Partners LLC raised its position in AON by 16,970.0% in the first quarter. Ellis Investment Partners LLC now owns 716,940 shares of the financial services provider’s stock worth $716,000 after acquiring an additional 712,740 shares in the last quarter. Finally, BlackRock Inc. raised its position in AON by 4.0% in the first quarter. BlackRock Inc. now owns 16,630,110 shares of the financial services provider’s stock worth $2,838,761,000 after acquiring an additional 632,726 shares in the last quarter. 84.65% of the stock is owned by institutional investors and hedge funds.
Shares of AON traded down $3.12 during trading hours on Tuesday, reaching $192.67. 19,143 shares of the company traded hands, compared to its average volume of 635,201. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.83 and a quick ratio of 2.09. The company has a market cap of $46.80 billion, a PE ratio of 23.65, a PEG ratio of 1.75 and a beta of 0.89. Aon PLC has a fifty-two week low of $135.30 and a fifty-two week high of $198.61. The company’s fifty day moving average price is $194.28.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, July 31st. AON’s payout ratio is currently 21.57%.
In other AON news, General Counsel Peter M. Lieb sold 11,645 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $180.69, for a total value of $2,104,135.05. Following the sale, the general counsel now directly owns 4,408 shares of the company’s stock, valued at approximately $796,481.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Eric Andersen sold 7,500 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.50, for a total value of $1,338,750.00. Following the completion of the sale, the insider now directly owns 80,941 shares in the company, valued at $14,447,968.50. The disclosure for this sale can be found here. 0.92% of the stock is owned by company insiders.
Several research analysts have issued reports on the company. UBS Group set a €36.00 ($41.86) price objective on Siemens Healthineers and gave the stock a “neutral” rating in a research report on Monday. Morgan Stanley cut their price objective on Tesla to $230.00 and set an “equal weight” rating for the company in a research report on Monday. Wells Fargo & Co set a $107.00 price objective on Valero Energy and gave the stock a “buy” rating in a research report on Friday. Barclays set a $34.00 price objective on DCP Midstream and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Finally, Atlantic Securities cut AON from an “overweight” rating to a “neutral” rating and set a $190.00 price objective for the company. in a research report on Friday, June 14th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $185.91.
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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