Roberts Glore & Co. Inc. IL continued to hold its position in shares of Aon PLC (NYSE:AON) during the second quarter, Holdings Channel reports. The fund owned 2,507 shares of the company’s stock at the end of the second quarter. Roberts Glore & Co. Inc. IL’s holdings in Aon PLC were worth $274,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Retirement Systems of Alabama boosted its position in shares of Aon PLC by 110.8% in the second quarter. Retirement Systems of Alabama now owns 288,708 shares of the company’s stock worth $31,536,000 after buying an additional 151,775 shares in the last quarter. Genesee Valley Trust Co. purchased a new position in shares of Aon PLC during the second quarter worth $459,000. Chesley Taft & Associates LLC purchased a new position in shares of Aon PLC during the second quarter worth $203,000. Strs Ohio boosted its position in shares of Aon PLC by 2,290.5% in the second quarter. Strs Ohio now owns 169,322 shares of the company’s stock worth $18,495,000 after buying an additional 162,239 shares in the last quarter. Finally, Waverton Investment Management Ltd purchased a new position in shares of Aon PLC during the second quarter worth $3,057,000. 84.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Aon PLC (NYSE:AON) traded down 0.65% on Monday, hitting $109.97. 927,387 shares of the stock were exchanged. The stock has a market cap of $29.21 billion, a price-to-earnings ratio of 20.71 and a beta of 1.02. Aon PLC has a 1-year low of $83.83 and a 1-year high of $113.78. The stock’s 50-day moving average is $111.25 and its 200-day moving average is $108.17.
Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, July 29th. The company reported $1.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.39. Aon PLC had a net margin of 12.65% and a return on equity of 30.10%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the firm posted $1.31 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts forecast that Aon PLC will post $6.49 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.20%. Aon PLC’s dividend payout ratio is currently 24.95%.
A number of equities analysts have recently weighed in on AON shares. Barclays PLC reduced their price target on shares of Aon PLC from $104.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Friday, September 30th. Zacks Investment Research raised shares of Aon PLC from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Citigroup Inc. lifted their price target on shares of Aon PLC from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Credit Suisse Group AG set a $90.00 price target on shares of Aon PLC and gave the stock a “sell” rating in a research report on Monday, September 12th. Finally, Jefferies Group lifted their price target on shares of Aon PLC from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Aon PLC presently has an average rating of “Hold” and an average target price of $108.75.
In related news, CEO Stephen P. Mcgill sold 46,698 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $108.41, for a total transaction of $5,062,530.18. Following the transaction, the chief executive officer now directly owns 252,071 shares of the company’s stock, valued at $27,327,017.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by 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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