Renaissance Technologies LLC Sells 43,900 Shares of Aon plc (NYSE:AON)

Renaissance Technologies LLC lowered its stake in shares of Aon plc (NYSE:AON) by 24.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 137,401 shares of the financial services provider’s stock after selling 43,900 shares during the period. Renaissance Technologies LLC’s holdings in AON were worth $49,349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AON. Vanguard Group Inc. raised its stake in AON by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider’s stock valued at $7,010,714,000 after purchasing an additional 88,361 shares during the period. Geode Capital Management LLC raised its position in AON by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider’s stock valued at $1,773,165,000 after purchasing an additional 627,742 shares during the period. Bank of New York Mellon Corp lifted its position in AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after buying an additional 343,592 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of AON by 2.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider’s stock worth $824,498,000 after purchasing an additional 64,720 shares during the period. Finally, Artisan Partners Limited Partnership raised its holdings in shares of AON by 86.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider’s stock worth $742,582,000 after buying an additional 960,204 shares during the period. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AON. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. Redburn Atlantic raised shares of AON to a “hold” rating in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods boosted their target price on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Redburn Partners set a $445.00 price target on shares of AON in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, AON has an average rating of “Hold” and an average target price of $391.13.

AON Stock Down 1.4 %

Shares of NYSE AON opened at $368.27 on Friday. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The company’s 50-day simple moving average is $390.63 and its 200-day simple moving average is $374.36. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The firm has a market cap of $79.55 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period in the previous year, the business earned $3.89 earnings per share. Equities analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.