IBM Retirement Fund raised its position in shares of Aon PLC (NYSE:AON) by 117.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,366 shares of the financial services provider’s stock after buying an additional 3,435 shares during the period. IBM Retirement Fund’s holdings in Aon PLC were worth $946,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. FNY Partners Fund LP acquired a new stake in shares of Aon PLC during the first quarter worth approximately $106,000. Capital Investment Advisors LLC purchased a new position in shares of Aon PLC during the second quarter worth $220,000. Armstrong Henry H Associates Inc. purchased a new position in shares of Aon PLC during the second quarter worth $220,000. 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 last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of Aon PLC during the second quarter worth $350,000. 85.91% of the stock is owned by institutional investors and hedge funds.
Shares of Aon PLC (NYSE AON) traded down 0.13% on Friday, hitting $136.52. The company’s stock had a trading volume of 1,345,602 shares. 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. The stock has a market capitalization of $34.72 billion, a P/E ratio of 19.94 and a beta of 1.03.
Aon PLC (NYSE:AON) last posted its 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. 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 for the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the prior year, the business posted $1.39 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts forecast that Aon PLC will post $6.50 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Friday, July 28th. Aon PLC’s dividend payout ratio (DPR) is 20.48%.
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AON has been the topic of a number of research analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $146.00 target price (up previously from $137.00) on shares of Aon PLC in a report on Tuesday, May 9th. BidaskClub cut Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded Aon PLC from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a report on Monday, June 5th. Citigroup Inc. lifted their target price on Aon PLC from $144.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Finally, Barclays PLC lifted their target price on Aon PLC from $115.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. Aon PLC currently has an average rating of “Hold” and a consensus price target of $139.00.
In other Aon PLC news, EVP Peter M. Lieb sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $130.40, for a total transaction of $260,800.00. Following the completion of 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 can be accessed through this hyperlink. 0.90% of the stock is owned by corporate insiders.
About Aon PLC
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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