Victory Capital Management Inc. raised its stake in shares of Aon PLC (NYSE:AON) by 24.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,587 shares of the company’s stock after buying an additional 1,100 shares during the period. Victory Capital Management Inc.’s holdings in Aon PLC were worth $610,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. purchased a new stake in Aon PLC during the second quarter worth approximately $159,612,000. Swiss National Bank boosted its stake in Aon PLC by 6.4% in the second quarter. Swiss National Bank now owns 757,071 shares of the company’s stock worth $82,695,000 after buying an additional 45,500 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Aon PLC by 20.9% in the second quarter. JPMorgan Chase & Co. now owns 603,064 shares of the company’s stock worth $65,874,000 after buying an additional 104,221 shares in the last quarter. SPF Beheer BV purchased a new stake in Aon PLC during the second quarter worth approximately $56,241,000. Finally, BloombergSen Inc. purchased a new stake in Aon PLC during the second quarter worth approximately $58,537,000. Institutional investors and hedge funds own 84.51% of the company’s stock.
Shares of Aon PLC (NYSE:AON) traded down 0.13% during midday trading on Thursday, reaching $112.13. 233,877 shares of the company traded hands. The company has a 50-day moving average of $110.57 and a 200 day moving average of $107.37. The firm has a market capitalization of $29.78 billion, a PE ratio of 21.11 and a beta of 1.06. Aon PLC has a 12-month low of $83.83 and a 12-month high of $113.78.
Aon PLC (NYSE:AON) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.39 earnings per share for the quarter, meeting the consensus estimate of $1.39. Aon PLC had a net margin of 12.65% and a return on equity of 30.10%. The firm earned $2.80 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. On average, equities analysts forecast that Aon PLC will post $6.49 earnings per share for the current year.
A number of analysts recently commented on AON shares. MKM Partners cut shares of Aon PLC from a “buy” rating to a “neutral” rating and set a $115.00 price objective for the company. in a research report on Tuesday, August 9th. They noted that the move was a valuation call. BMO Capital Markets restated a “market perform” rating and issued a $115.00 price objective (up previously from $107.00) on shares of Aon PLC in a research report on Tuesday, July 12th. Credit Suisse Group AG set a $90.00 price objective on shares of Aon PLC and gave the company a “sell” rating in a research report on Monday, September 12th. Zacks Investment Research upgraded shares of Aon PLC from a “sell” rating to a “hold” rating in a research report on Thursday, August 25th. Finally, Langen Mcalenn restated a “buy” rating on shares of Aon PLC in a research report on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $108.73.
In other Aon PLC news, CEO Stephen P. Mcgill sold 46,698 shares of Aon PLC stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $108.41, for a total value of $5,062,530.18. Following the completion of the sale, the chief executive officer now directly owns 252,071 shares of the company’s stock, valued at $27,327,017.11. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.
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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