LS Investment Advisors LLC cut its stake in shares of Aon PLC (NYSE:AON) by 0.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 18,472 shares of the company’s stock after selling 118 shares during the period. LS Investment Advisors LLC’s holdings in Aon PLC were worth $2,018,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its position in Aon PLC by 175.5% in the first quarter. Canada Pension Plan Investment Board now owns 81,010 shares of the company’s stock valued at $8,461,000 after buying an additional 51,600 shares during the last quarter. British Columbia Investment Management Corp raised its position in Aon PLC by 51.9% in the second quarter. British Columbia Investment Management Corp now owns 145,486 shares of the company’s stock valued at $15,891,000 after buying an additional 49,720 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its position in Aon PLC by 4.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 68,574 shares of the company’s stock valued at $7,490,000 after buying an additional 2,816 shares during the last quarter. Abner Herrman & Brock LLC raised its position in Aon PLC by 0.9% in the second quarter. Abner Herrman & Brock LLC now owns 36,294 shares of the company’s stock valued at $3,999,000 after buying an additional 327 shares during the last quarter. Finally, Ronna Sue Cohen raised its position in Aon PLC by 0.3% in the second quarter. Ronna Sue Cohen now owns 6,133 shares of the company’s stock valued at $670,000 after buying an additional 19 shares during the last quarter. Institutional investors and hedge funds own 84.51% of the company’s stock.
Aon PLC (NYSE:AON) traded down 0.60% on Friday, reaching $112.50. The company’s stock had a trading volume of 697,052 shares. Aon PLC has a 52-week low of $83.83 and a 52-week high of $113.78. The company has a market cap of $29.88 billion, a P/E ratio of 21.18 and a beta of 1.02. The firm’s 50-day moving average price is $111.07 and its 200 day moving average price is $107.89.
Aon PLC (NYSE:AON) last released its quarterly earnings results on Friday, July 29th. The company reported $1.39 EPS for the quarter, meeting analysts’ consensus estimates of $1.39. Aon PLC had a return on equity of 30.10% and a net margin of 12.65%. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the company posted $1.31 EPS. The business’s revenue was down 1.4% on a year-over-year basis. Equities analysts anticipate that Aon PLC will post $6.49 EPS for the current fiscal year.
Several equities analysts have weighed in on AON shares. Zacks Investment Research raised Aon PLC from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research note on Monday, July 4th. Credit Suisse Group AG reissued an “underperform” rating on shares of Aon PLC in a research note on Wednesday, July 6th. BMO Capital Markets reissued a “market perform” rating and issued a $115.00 target price (up previously from $107.00) on shares of Aon PLC in a research note on Tuesday, July 12th. Jefferies Group increased their target price on Aon PLC from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, August 1st. Finally, Langen Mcalenn reaffirmed a “buy” rating on shares of Aon PLC in a research report on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $107.92.
In other Aon PLC news, CEO Stephen P. Mcgill sold 46,698 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total value of $5,062,530.18. Following the sale, the chief executive officer now owns 252,071 shares in the company, valued at approximately $27,327,017.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by company insiders.
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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