BNP Paribas Arbitrage SA decreased its position in shares of Aon PLC (NYSE:AON) by 34.1% during the second quarter, Holdings Channel reports. The fund owned 155,323 shares of the financial services provider’s stock after selling 80,448 shares during the period. BNP Paribas Arbitrage SA’s holdings in Aon PLC were worth $20,650,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its stake in Aon PLC by 4.5% in the second quarter. Legal & General Group Plc now owns 1,347,737 shares of the financial services provider’s stock worth $179,183,000 after buying an additional 58,225 shares during the last quarter. Checchi Capital Advisers LLC increased its stake 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 worth $299,000 after buying an additional 25 shares during the last quarter. State of Wisconsin Investment Board increased its stake in Aon PLC by 15.3% in the second quarter. State of Wisconsin Investment Board now owns 408,099 shares of the financial services provider’s stock worth $54,257,000 after buying an additional 54,270 shares during the last quarter. Morningstar Investment Services LLC purchased a new stake in Aon PLC during the second quarter worth $204,000. Finally, LMR Partners LLP purchased a new stake in Aon PLC during the second quarter worth $3,138,000. Institutional investors and hedge funds own 85.91% of the company’s stock.
Shares of Aon PLC (NYSE:AON) opened at 136.70 on Friday. The company has a market capitalization of $34.77 billion, a PE ratio of 19.97 and a beta of 1.03. Aon PLC has a 1-year low of $107.19 and a 1-year high of $141.45. The company has a 50 day moving average price of $137.26 and a 200 day moving average price of $125.89.
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, meeting the 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 net margin of 17.28% and a return on equity of 32.62%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. Equities analysts predict that Aon PLC will post $6.50 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.44 dividend on an annualized basis and a yield of 1.05%. Aon PLC’s dividend payout ratio is currently 20.48%.
A number of equities research analysts have weighed in on the company. BidaskClub upgraded Aon PLC from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Deutsche Bank AG raised their price target on Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. Citigroup Inc. raised their price target on Aon PLC from $155.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $143.00 price objective on shares of Aon PLC in a research note on Sunday, August 6th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Aon PLC in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $139.00.
In other news, EVP Peter M. Lieb sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $130.40, for a total transaction of $260,800.00. Following the transaction, 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 legal filing with the SEC, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.
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.
Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon PLC (NYSE:AON).
What are top analysts saying about Aon PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Aon PLC and related companies.