1st Global Advisors Inc. reduced its stake in shares of Aon PLC (NYSE:AON) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,794 shares of the financial services provider’s stock after selling 600 shares during the quarter. 1st Global Advisors Inc.’s holdings in Aon PLC were worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Robecosam AG grew its holdings in Aon PLC by 26.5% during the 2nd quarter. Robecosam AG now owns 43,574 shares of the financial services provider’s stock valued at $5,788,000 after buying an additional 9,124 shares in the last quarter. Nomura Holdings Inc. grew its holdings in Aon PLC by 603.8% during the 2nd quarter. Nomura Holdings Inc. now owns 23,184 shares of the financial services provider’s stock valued at $3,083,000 after buying an additional 19,890 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Aon PLC by 46.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,316 shares of the financial services provider’s stock valued at $2,169,000 after buying an additional 5,155 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Aon PLC by 2.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,661 shares of the financial services provider’s stock valued at $216,000 after buying an additional 38 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Aon PLC by 3.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 624,342 shares of the financial services provider’s stock valued at $83,006,000 after buying an additional 18,638 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.
In other Aon PLC news, CEO Michael J. O’connor sold 10,000 shares of the company’s stock in a transaction on 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 directly owns 123,805 shares in the company, valued at approximately $17,367,365.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.90% of the stock is owned by corporate insiders.
Shares of Aon PLC (NYSE:AON) traded up 0.38% during mid-day trading on Friday, reaching $149.81. The company had a trading volume of 195,001 shares. The stock’s 50-day moving average price is $143.63 and its 200 day moving average price is $133.40. Aon PLC has a 1-year low of $107.19 and a 1-year high of $149.93. The company has a market capitalization of $38.10 billion, a PE ratio of 21.88 and a beta of 1.04.
Aon PLC (NYSE:AON) last issued its earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS. Equities analysts expect that Aon PLC will post $6.50 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.96%. Aon PLC’s payout ratio is currently 20.48%.
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A number of research analysts recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $138.00 target price (up from $130.00) on shares of Aon PLC in a report on Thursday, July 6th. ValuEngine lowered shares of Aon PLC from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub lowered shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Citigroup Inc. raised their target price on shares of Aon PLC from $155.00 to $159.00 and gave the company a “buy” rating in a report on Monday, August 7th. Finally, Langen Mcalenn lowered shares of Aon PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $138.20.
Aon PLC Company Profile
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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