Cubist Systematic Strategies LLC raised its position in Aon PLC (NYSE:AON) by 100.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,257 shares of the financial services provider’s stock after acquiring an additional 4,634 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Aon PLC were worth $1,231,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its position in Aon PLC by 0.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,125 shares of the financial services provider’s stock valued at $548,000 after acquiring an additional 15 shares in the last quarter. Ronna Sue Cohen grew its position in Aon PLC by 0.3% in the second quarter. Ronna Sue Cohen now owns 6,205 shares of the financial services provider’s stock valued at $825,000 after acquiring an additional 18 shares in the last quarter. Checchi Capital Advisers LLC grew its position in Aon PLC by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,251 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 25 shares in the last quarter. LS Investment Advisors LLC grew its position in Aon PLC by 0.3% in the second quarter. LS Investment Advisors LLC now owns 15,833 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 40 shares in the last quarter. Finally, Commerce Bank grew its position in Aon PLC by 0.3% in the second quarter. Commerce Bank now owns 21,586 shares of the financial services provider’s stock valued at $2,869,000 after acquiring an additional 56 shares in the last quarter. 84.32% of the stock is owned by institutional investors.
In other news, CEO Michael J. O’connor sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the sale, the chief executive officer now directly owns 123,805 shares in the company, valued at $17,951,725. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.
Several analysts have issued reports on AON shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $143.00 price objective on shares of Aon PLC in a research report on Wednesday, September 6th. Deutsche Bank AG increased their target price on Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, August 9th. Credit Suisse Group set a $133.00 target price on Aon PLC and gave the company a “sell” rating in a research note on Thursday, June 22nd. Barclays PLC increased their target price 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, ValuEngine upgraded Aon PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. 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 company’s stock. Aon PLC presently has a consensus rating of “Hold” and an average target price of $138.20.
Aon PLC (NYSE:AON) opened at 149.2918 on Friday. The company’s 50-day moving average price is $143.64 and its 200 day moving average price is $133.40. The company has a market capitalization of $37.97 billion, a PE ratio of 21.8072 and a beta of 1.04. Aon PLC has a 52 week low of $107.19 and a 52 week high of $149.59.
Aon PLC (NYSE:AON) last issued its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 EPS. On average, equities research analysts anticipate that Aon PLC will post $6.50 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.96%. Aon PLC’s dividend 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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