Parkside Financial Bank & Trust decreased its position in shares of Aon PLC (NYSE:AON) by 23.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,465 shares of the financial services provider’s stock after selling 1,365 shares during the period. Parkside Financial Bank & Trust’s holdings in Aon PLC were worth $594,000 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. Russell Investments Group Ltd. increased its stake in 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 worth $124,125,000 after buying an additional 210,931 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Aon PLC by 264.3% in the first quarter. BNP Paribas Arbitrage SA now owns 235,771 shares of the financial services provider’s stock worth $27,984,000 after buying an additional 171,051 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Aon PLC by 181.6% in the first quarter. Canada Pension Plan Investment Board now owns 201,764 shares of the financial services provider’s stock worth $23,947,000 after buying an additional 130,109 shares during the last quarter. Bank of Montreal Can increased its stake in Aon PLC by 86.5% in the second quarter. Bank of Montreal Can now owns 266,601 shares of the financial services provider’s stock worth $35,445,000 after buying an additional 123,654 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in Aon PLC during the first quarter worth $14,657,000. Institutional investors and hedge funds own 85.91% of the company’s stock.
Aon PLC (NYSE AON) traded down 0.13% during mid-day trading on Friday, hitting $136.52. The company had a trading volume of 1,345,602 shares. The stock has a market capitalization of $34.72 billion, a PE ratio of 19.94 and a beta of 1.03. The stock has a 50 day moving average price of $137.37 and a 200-day moving average price of $126.07. Aon PLC has a 1-year low of $107.19 and a 1-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 for the quarter, meeting analysts’ consensus estimates of $1.45. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the previous year, the company earned $1.39 earnings per share. The firm’s revenue for the quarter 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 year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders 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 dividend on an annualized basis and a yield of 1.05%. Aon PLC’s payout ratio is 20.48%.
A number of equities research analysts have weighed in on AON shares. Credit Suisse Group restated a “sell” rating and set a $122.00 price target on shares of Aon PLC in a research report on Wednesday, May 10th. Jefferies Group LLC restated a “buy” rating and set a $146.00 price target (up previously from $137.00) on shares of Aon PLC in a research report on Tuesday, May 9th. BidaskClub downgraded Aon PLC from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Barclays PLC raised their price target on Aon PLC from $115.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, July 3rd. Finally, Zacks Investment Research upgraded Aon PLC from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a research report on Tuesday, May 30th. One 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. Aon PLC currently has a consensus 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 Aon PLC stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $130.40, for a total value of $260,800.00. Following the completion of the transaction, the executive vice president now owns 20,216 shares of the company’s stock, valued at $2,636,166.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is currently owned by 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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