Arizona State Retirement System decreased its stake in shares of Aon PLC (NYSE:AON) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,649 shares of the financial services provider’s stock after selling 1,600 shares during the period. Arizona State Retirement System’s holdings in Aon PLC were worth $10,058,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in AON. Financial Counselors Inc. boosted its position in shares of Aon PLC by 1.6% in the first quarter. Financial Counselors Inc. now owns 3,641 shares of the financial services provider’s stock worth $432,000 after buying an additional 57 shares during the period. Kings Point Capital Management boosted its position in shares of Aon PLC by 1.6% in the first quarter. Kings Point Capital Management now owns 33,397 shares of the financial services provider’s stock worth $3,964,000 after buying an additional 533 shares during the period. Cibc World Markets Corp boosted its position in shares of Aon PLC by 52.4% in the first quarter. Cibc World Markets Corp now owns 27,441 shares of the financial services provider’s stock worth $3,257,000 after buying an additional 9,433 shares during the period. Assetmark Inc. boosted its position in shares of Aon PLC by 191.4% in the first quarter. Assetmark Inc. now owns 2,305 shares of the financial services provider’s stock worth $274,000 after buying an additional 1,514 shares during the period. Finally, Karp Capital Management Corp bought a new position in shares of Aon PLC during the first quarter worth approximately $14,657,000. Institutional investors and hedge funds own 86.41% of the company’s stock.
Aon PLC (AON) opened at 138.85 on Friday. The stock has a 50 day moving average price of $136.49 and a 200 day moving average price of $124.96. Aon PLC has a 52-week low of $107.19 and a 52-week high of $141.45. The company has a market capitalization of $35.31 billion, a price-to-earnings ratio of 20.28 and a beta of 1.03.
Aon PLC (NYSE:AON) last released its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, hitting the consensus estimate of $1.45. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the business posted $1.39 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that Aon PLC will post $6.50 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, July 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.04%. Aon PLC’s dividend payout ratio is currently 20.48%.
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AON has been the subject of a number of recent research reports. Deutsche Bank AG lifted their target price on Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday. Credit Suisse Group set a $133.00 target price on Aon PLC and gave the stock a “sell” rating in a report on Thursday, June 22nd. Barclays PLC lifted their target price on Aon PLC from $115.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, July 3rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $143.00 target price on shares of Aon PLC in a report on Sunday, August 6th. Finally, Zacks Investment Research upgraded Aon PLC from a “hold” rating to a “buy” rating and set a $146.00 target price for the company in a report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $139.00.
In other news, SVP Laurel G. Meissner sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $126.19, for a total transaction of $504,760.00. Following the completion of the transaction, the senior vice president now directly owns 16,314 shares in the company, valued at $2,058,663.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Peter M. Lieb sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $130.40, for a total value of $260,800.00. Following the transaction, the executive vice president now owns 20,216 shares of the company’s stock, valued at $2,636,166.40. The disclosure for this sale can be found here. Company 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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