Bristol Gate Capital Partners Inc. decreased its stake in Aon PLC (NYSE:AON) by 3.6% during the second quarter, Holdings Channel reports. The institutional investor owned 243,898 shares of the company’s stock after selling 9,149 shares during the period. Aon PLC accounts for approximately 4.8% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 8th largest position. Bristol Gate Capital Partners Inc.’s holdings in Aon PLC were worth $26,641,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Checchi Capital Advisers LLC boosted its stake in Aon PLC by 4.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,776 shares of the company’s stock valued at $194,000 after buying an additional 81 shares in the last quarter. Chesley Taft & Associates LLC purchased a new stake in Aon PLC during the second quarter valued at $203,000. Tufton Capital Management purchased a new stake in Aon PLC during the second quarter valued at $208,000. Bremer Trust National Association boosted its stake in Aon PLC by 8.1% in the second quarter. Bremer Trust National Association now owns 3,139 shares of the company’s stock valued at $343,000 after buying an additional 234 shares in the last quarter. Finally, Capital Analysts LLC boosted its stake in Aon PLC by 8.2% in the second quarter. Capital Analysts LLC now owns 3,595 shares of the company’s stock valued at $393,000 after buying an additional 272 shares in the last quarter. 84.50% of the stock is owned by institutional investors and hedge funds.
Aon PLC (NYSE:AON) traded up 0.56% during mid-day trading on Tuesday, reaching $110.59. 723,422 shares of the company’s stock were exchanged. Aon PLC has a one year low of $83.83 and a one year high of $113.78. The stock has a market cap of $29.37 billion, a price-to-earnings ratio of 20.82 and a beta of 1.02. The stock has a 50-day moving average of $111.25 and a 200-day moving average of $108.28.
Aon PLC (NYSE:AON) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.39. The firm earned $2.80 billion during the quarter, compared to the consensus estimate of $2.85 billion. Aon PLC had a return on equity of 30.10% and a net margin of 12.65%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $1.31 EPS. On average, equities research analysts anticipate that Aon PLC will post $6.49 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.19%. Aon PLC’s dividend payout ratio (DPR) is presently 24.95%.
A number of research analysts have recently commented on AON shares. Credit Suisse Group AG reissued a “sell” rating on shares of Aon PLC in a report on Monday, August 1st. Zacks Investment Research cut shares of Aon PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Citigroup Inc. increased their target price on shares of Aon PLC from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Jefferies Group increased their target price on shares of Aon PLC from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Finally, Langen Mcalenn reissued a “buy” rating on shares of Aon PLC in a report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $108.75.
In other news, CEO Stephen P. Mcgill sold 46,698 shares of Aon PLC stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total transaction of $5,062,530.18. Following the completion of the sale, the chief executive officer now owns 252,071 shares in the company, valued at approximately $27,327,017.11. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
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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