Virtu KCG Holdings LLC boosted its position in shares of Aon PLC (NYSE:AON) by 29.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,279 shares of the financial services provider’s stock after buying an additional 744 shares during the period. Virtu KCG Holdings LLC’s holdings in Aon PLC were worth $436,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in AON. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Aon PLC by 2,385.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,224,194 shares of the financial services provider’s stock valued at $162,757,000 after buying an additional 1,174,940 shares during the last quarter. Vanguard Group Inc. boosted its stake in Aon PLC by 2.4% during the second quarter. Vanguard Group Inc. now owns 17,812,319 shares of the financial services provider’s stock valued at $2,368,149,000 after buying an additional 415,363 shares during the last quarter. Egerton Capital UK LLP bought a new position in Aon PLC during the second quarter valued at approximately $45,094,000. New York State Common Retirement Fund boosted its stake in Aon PLC by 16.1% during the second quarter. New York State Common Retirement Fund now owns 1,143,276 shares of the financial services provider’s stock valued at $151,999,000 after buying an additional 158,175 shares during the last quarter. Finally, Quantitative Investment Management LLC boosted its stake in Aon PLC by 169.3% during the second quarter. Quantitative Investment Management LLC now owns 197,400 shares of the financial services provider’s stock valued at $26,244,000 after buying an additional 124,100 shares during the last quarter. 84.32% of the stock is owned by institutional investors.
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Aon PLC (NYSE:AON) last issued its earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 EPS.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.96%. Aon PLC’s dividend payout ratio is currently 20.48%.
A number of equities analysts recently commented on AON shares. Credit Suisse Group set a $133.00 price target on Aon PLC and gave the company a “sell” rating in a research note on Thursday, June 22nd. BidaskClub lowered Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. ValuEngine raised Aon PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Barclays PLC increased their price target on Aon PLC from $115.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, July 3rd. Finally, Zacks Investment Research lowered Aon PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $138.20.
In other news, CEO Michael J. O’connor sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the transaction, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,367,365.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.90% of the company’s stock.
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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