Campbell & CO Investment Adviser LLC Trims Holdings in Aon plc $AON

Key Points

• Campbell & CO Investment Adviser LLC reduced its stake in Aon plc by 68.2%, holding 5,514 shares worth approximately $2.2 million after selling 11,829 shares in the first quarter.
• Several other institutional investors, including Portside Wealth Group LLC which increased its stake by 530.6%, have also made significant adjustments to their holdings in Aon.
• Analyst ratings for Aon have become more positive, with Goldman Sachs upgrading the stock to a "buy" rating and a price target of $408.00, while Barclays set an increased target of $420.00.

Campbell & CO Investment Adviser LLC lessened its holdings in shares of Aon plc (NYSE:AON - Free Report) by 68.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,514 shares of the financial services provider's stock after selling 11,829 shares during the period. Campbell & CO Investment Adviser LLC's holdings in AON were worth $2,201,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AON. Integrated Wealth Concepts LLC raised its position in AON by 3.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 5,430 shares of the financial services provider's stock worth $1,950,000 after buying an additional 162 shares during the last quarter. Hancock Whitney Corp grew its stake in shares of AON by 105.3% during the 4th quarter. Hancock Whitney Corp now owns 1,819 shares of the financial services provider's stock valued at $653,000 after acquiring an additional 933 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of AON by 4.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 5,894 shares of the financial services provider's stock valued at $2,117,000 after acquiring an additional 238 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of AON by 15.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 988,985 shares of the financial services provider's stock valued at $355,204,000 after acquiring an additional 130,434 shares during the period. Finally, Northern Trust Corp grew its stake in shares of AON by 9.3% during the 4th quarter. Northern Trust Corp now owns 2,158,943 shares of the financial services provider's stock valued at $775,406,000 after acquiring an additional 183,442 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Cantor Fitzgerald upgraded AON to a "strong-buy" rating in a research note on Wednesday, August 13th. The Goldman Sachs Group upgraded AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective for the company in a research note on Tuesday, May 13th. Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and upped their price target for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Evercore ISI upped their price target on AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Finally, Morgan Stanley restated a "cautious" rating on shares of AON in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, AON has a consensus rating of "Moderate Buy" and a consensus target price of $412.69.

AON Price Performance

Shares of NYSE AON traded down $1.66 during midday trading on Thursday, reaching $366.71. 711,244 shares of the stock traded hands, compared to its average volume of 1,325,322. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market capitalization of $79.07 billion, a PE ratio of 30.71, a P/E/G ratio of 2.19 and a beta of 0.83. Aon plc has a one year low of $323.73 and a one year high of $412.97. The company's 50 day moving average is $360.52 and its 200 day moving average is $370.26.

AON (NYSE:AON - Get Free Report) last posted its earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $3.40 by $0.09. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.93 EPS. On average, equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 1st. AON's dividend payout ratio is presently 24.96%.

About AON

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.