Korea Investment CORP boosted its stake in Aon PLC (NYSE:AON) by 35.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,444 shares of the financial services provider’s stock after buying an additional 20,126 shares during the period. Korea Investment CORP’s holdings in Aon PLC were worth $10,163,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. FNY Partners Fund LP purchased a new stake in Aon PLC during the first quarter worth approximately $106,000. Mitchell Capital Management Co. purchased a new position in Aon PLC during the second quarter worth about $202,000. Foster & Motley Inc. purchased a new position in Aon PLC during the second quarter worth about $202,000. Armstrong Henry H Associates Inc. purchased a new position in Aon PLC during the second quarter worth about $220,000. Finally, Capital Investment Advisors LLC purchased a new position in Aon PLC during the second quarter worth about $220,000. Institutional investors own 85.91% of the company’s stock.
Shares of Aon PLC (AON) traded down 0.13% during trading on Friday, hitting $136.52. 1,345,602 shares of the stock were exchanged. The firm has a market capitalization of $34.72 billion, a price-to-earnings ratio of 19.94 and a beta of 1.03. Aon PLC has a 52 week low of $107.19 and a 52 week high of $141.45. The stock’s 50 day moving average price is $137.37 and its 200 day moving average price is $126.07.
Aon PLC (NYSE:AON) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the firm posted $1.39 EPS. Aon PLC’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts predict that Aon PLC will post $6.50 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.44 annualized dividend and a yield of 1.05%. Aon PLC’s dividend payout ratio (DPR) is presently 20.48%.
A number of equities analysts have recently commented on AON shares. Morgan Stanley reiterated an “equal weight” rating and issued a $138.00 target price (up from $130.00) on shares of Aon PLC in a research note on Thursday, July 6th. BidaskClub downgraded shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday. Jefferies Group LLC restated a “buy” rating and set a $146.00 price objective (up from $137.00) on shares of Aon PLC in a research report on Tuesday, May 9th. Zacks Investment Research upgraded shares of Aon PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Finally, Citigroup Inc. raised their price objective on shares of Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned 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, EVP Peter M. Lieb sold 2,000 shares of the 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 transaction, the executive vice president now owns 20,216 shares in the company, valued at approximately $2,636,166.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently 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.
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