Sei Investments Co. Has $145.87 Million Stock Holdings in Aon plc $AON

Sei Investments Co. lowered its stake in Aon plc (NYSE:AON) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 451,925 shares of the financial services provider’s stock after selling 9,875 shares during the quarter. Sei Investments Co.’s holdings in AON were worth $145,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AON. NewEdge Advisors LLC raised its position in AON by 28.4% during the second quarter. NewEdge Advisors LLC now owns 14,704 shares of the financial services provider’s stock valued at $5,246,000 after buying an additional 3,253 shares during the period. Treasurer of the State of North Carolina grew its stake in AON by 9.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 98,084 shares of the financial services provider’s stock valued at $34,992,000 after acquiring an additional 8,216 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of AON by 35.2% in the 2nd quarter. Alliancebernstein L.P. now owns 292,210 shares of the financial services provider’s stock valued at $104,249,000 after purchasing an additional 76,061 shares during the period. Diversify Advisory Services LLC grew its position in AON by 27.1% during the second quarter. Diversify Advisory Services LLC now owns 2,734 shares of the financial services provider’s stock valued at $995,000 after purchasing an additional 583 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in AON by 46.1% in the 2nd quarter. Quantinno Capital Management LP now owns 40,044 shares of the financial services provider’s stock valued at $14,286,000 after buying an additional 12,631 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AON. Cantor Fitzgerald upped their price target on shares of AON from $416.00 to $445.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. boosted their target price on AON from $396.00 to $412.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Morgan Stanley raised their price target on AON from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of AON in a report on Friday, July 17th. Finally, Wells Fargo & Company dropped their price objective on AON from $409.00 to $406.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, AON presently has a consensus rating of “Moderate Buy” and an average price target of $404.56.

Insider Activity

In related news, General Counsel Darren Zeidel sold 600 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $360.00, for a total transaction of $216,000.00. Following the completion of the sale, the general counsel directly owned 15,354 shares of the company’s stock, valued at approximately $5,527,440. This represents a 3.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

AON Stock Performance

Shares of NYSE AON opened at $355.50 on Friday. The business’s 50-day simple moving average is $335.69 and its 200-day simple moving average is $331.17. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. Aon plc has a 52 week low of $304.59 and a 52 week high of $381.00. The firm has a market cap of $75.93 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.85 and a beta of 0.71.

AON (NYSE:AON) last posted its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.37 by $0.11. The firm had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $5.67 EPS. As a group, equities research analysts expect that Aon plc will post 19.09 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, August 3rd. AON’s payout ratio is presently 18.00%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.