Norris Perne & French LLP MI raised its position in shares of Aon PLC (NYSE:AON) by 2.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 57,736 shares of the financial services provider’s stock after buying an additional 1,466 shares during the period. Norris Perne & French LLP MI’s holdings in Aon PLC were worth $7,676,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in AON. IFP Advisors Inc boosted its position in shares of Aon PLC by 2.9% in the second quarter. IFP Advisors Inc now owns 3,389 shares of the financial services provider’s stock worth $451,000 after buying an additional 94 shares in the last quarter. JLB & Associates Inc. purchased a new stake in Aon PLC during the second quarter valued at $6,365,000. Korea Investment CORP raised its stake in Aon PLC by 35.7% in the second quarter. Korea Investment CORP now owns 76,444 shares of the financial services provider’s stock valued at $10,163,000 after buying an additional 20,126 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in Aon PLC by 2.2% in the second quarter. Stratos Wealth Partners LTD. now owns 3,084 shares of the financial services provider’s stock valued at $410,000 after buying an additional 66 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Aon PLC by 27.8% in the second quarter. Sei Investments Co. now owns 405,830 shares of the financial services provider’s stock valued at $53,955,000 after buying an additional 88,224 shares during the last quarter. Institutional investors own 85.91% of the company’s stock.
Aon PLC (AON) traded down 1.439% during trading on Thursday, hitting $137.315. 602,429 shares of the company traded hands. Aon PLC has a 12-month low of $107.19 and a 12-month high of $141.45. The firm has a market capitalization of $34.92 billion, a P/E ratio of 20.058 and a beta of 1.03. The stock has a 50-day moving average price of $137.19 and a 200-day moving average price of $125.82.
Aon PLC (NYSE:AON) last released its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period in the previous year, the company posted $1.39 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. Equities analysts expect that Aon PLC will post $6.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.03%. Aon PLC’s dividend payout ratio is presently 20.48%.
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AON has been the topic of a number of research analyst reports. UBS AG reissued a “neutral” rating and set a $133.00 price objective (up previously from $125.00) on shares of Aon PLC in a report on Friday, May 12th. Deutsche Bank AG increased their price objective on shares of Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. BidaskClub lowered shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $143.00 target price on shares of Aon PLC in a research note on Sunday, August 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $162.00 target price (up previously from $146.00) on shares of Aon PLC in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $139.00.
In related news, EVP Peter M. Lieb sold 2,000 shares of Aon PLC stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $130.40, for a total transaction of $260,800.00. Following the sale, the executive vice president now directly owns 20,216 shares in the company, valued at $2,636,166.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.90% 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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