Kovitz Investment Group Partners LLC increased its stake in Aon PLC (NYSE:AON) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 447,168 shares of the financial services provider’s stock after buying an additional 1,316 shares during the period. Aon PLC accounts for approximately 3.2% of Kovitz Investment Group Partners LLC’s holdings, making the stock its 11th largest position. Kovitz Investment Group Partners LLC owned 0.17% of Aon PLC worth $59,451,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Longview Partners Guernsey LTD raised its position in Aon PLC by 1.7% in the second quarter. Longview Partners Guernsey LTD now owns 6,700,077 shares of the financial services provider’s stock valued at $890,775,000 after buying an additional 114,690 shares during the period. Mawer Investment Management Ltd. raised its position in Aon PLC by 2.5% in the second quarter. Mawer Investment Management Ltd. now owns 5,131,164 shares of the financial services provider’s stock valued at $682,188,000 after buying an additional 122,803 shares during the period. Tesco Pension Investment Ltd raised its position in Aon PLC by 4.2% in the second quarter. Tesco Pension Investment Ltd now owns 1,530,405 shares of the financial services provider’s stock valued at $203,467,000 after buying an additional 61,907 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Aon PLC by 25.3% in the first quarter. Russell Investments Group Ltd. now owns 1,045,970 shares of the financial services provider’s stock valued at $124,125,000 after buying an additional 210,931 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of 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 in the last quarter. 85.91% of the stock is owned by institutional investors and hedge funds.
Shares of Aon PLC (AON) traded down 0.13% during midday trading on Friday, reaching $136.52. 1,345,602 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $137.37 and a 200-day moving average of $126.07. The stock has a market cap of $34.72 billion, a price-to-earnings ratio of 19.94 and a beta of 1.03. Aon PLC has a one year low of $107.19 and a one year high of $141.45.
Aon PLC (NYSE:AON) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share (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 during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the business earned $1.39 earnings per share. Aon PLC’s revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Aon PLC will post $6.50 earnings per share for the current year.
The company also recently disclosed 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. This represents a $1.44 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Friday, July 28th. Aon PLC’s payout ratio is currently 20.48%.
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Several analysts have recently commented on the company. UBS AG restated a “neutral” rating and issued a $133.00 target price (up from $125.00) on shares of Aon PLC in a research note on Friday, May 12th. Deutsche Bank AG raised their target price on Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, August 9th. BidaskClub downgraded Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday. Royal Bank Of Canada reiterated a “hold” rating and set a $143.00 price target on shares of Aon PLC in a research note on Sunday, August 6th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Aon PLC in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $139.00.
In related news, EVP Peter M. Lieb sold 2,000 shares of the firm’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 document filed with the SEC, which is available through the SEC website. 0.90% of the stock is currently owned by company 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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