Aon PLC (AON) is Longview Partners Guernsey LTD’s Largest Position
Longview Partners Guernsey LTD cut its position in Aon PLC (NYSE:AON) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,233,951 shares of the company’s stock after selling 125,340 shares during the period. Aon PLC accounts for about 5.3% of Longview Partners Guernsey LTD’s holdings, making the stock its largest position. Longview Partners Guernsey LTD owned 2.73% of Aon PLC worth $790,164,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the company. Checchi Capital Advisers LLC raised its stake in shares of Aon PLC by 4.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,776 shares of the company’s stock worth $194,000 after buying an additional 81 shares during the last quarter. Chesley Taft & Associates LLC bought a new position in shares of Aon PLC during the second quarter worth about $203,000. Tufton Capital Management bought a new position in shares of Aon PLC during the second quarter worth about $208,000. Bremer Trust National Association boosted its position in shares of Aon PLC by 8.1% in the second quarter. Bremer Trust National Association now owns 3,139 shares of the company’s stock worth $343,000 after buying an additional 234 shares during the period. Finally, Capital Analysts LLC boosted its position in shares of Aon PLC by 8.2% in the second quarter. Capital Analysts LLC now owns 3,595 shares of the company’s stock worth $393,000 after buying an additional 272 shares during the period. Hedge funds and other institutional investors own 84.51% of the company’s stock.
Aon PLC (NYSE:AON) traded up 0.45% during trading on Friday, hitting $110.69. The stock had a trading volume of 727,636 shares. Aon PLC has a one year low of $83.83 and a one year high of $113.78. The stock has a 50 day moving average of $111.23 and a 200 day moving average of $108.11. The firm has a market capitalization of $29.40 billion, a P/E ratio of 20.84 and a beta of 1.02.
Aon PLC (NYSE:AON) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.39 earnings per share for the quarter, hitting the consensus estimate of $1.39. Aon PLC had a return on equity of 30.10% and a net margin of 12.65%. The business earned $2.80 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the company earned $1.31 EPS. Aon PLC’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts expect that Aon PLC will post $6.49 earnings per share for the current fiscal year.
A number of brokerages have issued reports on AON. Zacks Investment Research cut Aon PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Langen Mcalenn restated a “buy” rating on shares of Aon PLC in a report on Tuesday, August 2nd. Credit Suisse Group AG restated a “sell” rating on shares of Aon PLC in a report on Monday, August 1st. BMO Capital Markets restated a “market perform” rating and set a $115.00 target price (up previously from $107.00) on shares of Aon PLC in a report on Tuesday, July 12th. Finally, MKM Partners cut Aon PLC from a “buy” rating to a “neutral” rating and set a $115.00 target price on the stock. in a report on Tuesday, August 9th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $108.75.
In related news, CEO Stephen P. Mcgill sold 46,698 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total transaction of $5,062,530.18. Following the completion of the sale, the chief executive officer now directly owns 252,071 shares in the company, valued at approximately $27,327,017.11. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.
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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