Financial Counselors Inc. increased its position in shares of Aon PLC (NYSE:AON) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,752 shares of the financial services provider’s stock after buying an additional 111 shares during the period. Financial Counselors Inc.’s holdings in Aon PLC were worth $499,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp acquired a new position in Aon PLC during the second quarter worth $1,600,000. Swiss National Bank increased its holdings in Aon PLC by 2.8% during the second quarter. Swiss National Bank now owns 990,371 shares of the financial services provider’s stock worth $131,670,000 after buying an additional 27,000 shares during the last quarter. Ronna Sue Cohen increased its holdings in Aon PLC by 0.3% during the second quarter. Ronna Sue Cohen now owns 6,205 shares of the financial services provider’s stock worth $825,000 after buying an additional 18 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Aon PLC by 15.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 61,013 shares of the financial services provider’s stock worth $8,112,000 after buying an additional 8,289 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in Aon PLC by 11.9% during the second quarter. Aperio Group LLC now owns 138,213 shares of the financial services provider’s stock worth $18,375,000 after buying an additional 14,727 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.
Shares of Aon PLC (NYSE:AON) opened at 142.89 on Wednesday. The company has a market cap of $36.34 billion, a PE ratio of 20.87 and a beta of 1.02. Aon PLC has a 12 month low of $107.19 and a 12 month high of $144.81. The stock has a 50 day moving average of $138.95 and a 200-day moving average of $128.87.
Aon PLC (NYSE:AON) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, hitting the consensus estimate of $1.45. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the firm posted $1.39 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities analysts forecast that Aon PLC will post $6.50 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, July 28th. Aon PLC’s dividend payout ratio (DPR) is currently 20.48%.
Several equities analysts have commented on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $143.00 price objective on shares of Aon PLC in a report on Wednesday, September 6th. Deutsche Bank AG upped their price objective on shares of Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. Credit Suisse Group set a $133.00 price objective on shares of Aon PLC and gave the company a “sell” rating in a report on Thursday, June 22nd. Barclays PLC upped their price objective on shares of Aon PLC from $115.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, July 3rd. Finally, Zacks Investment Research upgraded shares of Aon PLC from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $139.00.
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In related news, CEO Michael J. O’connor sold 10,000 shares of Aon PLC stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total value of $1,402,800.00. Following the completion of the sale, the chief executive officer now owns 123,805 shares of the company’s stock, valued at approximately $17,367,365.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.
About Aon PLC
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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