Alliancebernstein L.P. increased its position in Aon PLC (NYSE:AON) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 746,476 shares of the financial services provider’s stock after buying an additional 17,613 shares during the quarter. Alliancebernstein L.P. owned about 0.28% of Aon PLC worth $99,244,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of AON. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Aon PLC by 2,385.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,224,194 shares of the financial services provider’s stock worth $162,757,000 after buying an additional 1,174,940 shares during the period. Egerton Capital UK LLP purchased a new position in shares of Aon PLC in the 2nd quarter worth $45,094,000. Bank of Montreal Can raised its position in shares of Aon PLC by 86.5% in the 2nd quarter. Bank of Montreal Can now owns 266,601 shares of the financial services provider’s stock worth $35,445,000 after buying an additional 123,654 shares during the period. Mawer Investment Management Ltd. raised its position in shares of Aon PLC by 2.5% in the 2nd quarter. Mawer Investment Management Ltd. now owns 5,131,164 shares of the financial services provider’s stock worth $682,188,000 after buying an additional 122,803 shares during the period. Finally, Longview Partners Guernsey LTD raised its position in shares of Aon PLC by 1.7% in the 2nd quarter. Longview Partners Guernsey LTD now owns 6,700,077 shares of the financial services provider’s stock worth $890,775,000 after buying an additional 114,690 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.
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AON has been the topic of several research reports. Zacks Investment Research raised Aon PLC from a “hold” rating to a “buy” rating and set a $146.00 target price on the stock in a research report on Tuesday, May 30th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $146.00 target price on shares of Aon PLC in a research report on Friday, June 16th. Janney Montgomery Scott lowered Aon PLC from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 21st. Langen Mcalenn lowered Aon PLC from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 21st. Finally, Credit Suisse Group set a $133.00 target price on Aon PLC and gave the stock a “sell” rating in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Aon PLC has a consensus rating of “Hold” and an average price target of $139.00.
In related news, CEO Michael J. O’connor sold 10,000 shares of Aon PLC stock in a transaction on Wednesday, September 6th. The shares were 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 owns 123,805 shares of the company’s stock, valued at approximately $17,367,365.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by insiders.
Shares of Aon PLC (NYSE AON) opened at 142.66 on Tuesday. The firm has a market capitalization of $36.28 billion, a P/E ratio of 20.84 and a beta of 1.02. The company has a 50-day moving average price of $138.84 and a 200 day moving average price of $128.77. Aon PLC has a one year low of $107.19 and a one year high of $144.81.
Aon PLC (NYSE:AON) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.45. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the previous year, the business earned $1.39 EPS. Aon PLC’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts expect that Aon PLC will post $6.50 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, July 28th. Aon PLC’s payout ratio is presently 20.48%.
Aon PLC 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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