Tesco Pension Investment Ltd Purchases New Stake in Aon PLC (AON)
Tesco Pension Investment Ltd purchased a new position in Aon PLC (NYSE:AON) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,638,468 shares of the company’s stock, valued at approximately $184,311,000. Aon PLC accounts for about 8.4% of Tesco Pension Investment Ltd’s portfolio, making the stock its 2nd largest position. Tesco Pension Investment Ltd owned 0.62% of Aon PLC at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. British Columbia Investment Management Corp boosted its position in shares of Aon PLC by 51.9% in the second quarter. British Columbia Investment Management Corp now owns 145,486 shares of the company’s stock worth $15,891,000 after buying an additional 49,720 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in shares of Aon PLC by 4.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 68,574 shares of the company’s stock worth $7,490,000 after buying an additional 2,816 shares in the last quarter. Abner Herrman & Brock LLC boosted its position in shares of Aon PLC by 0.9% in the second quarter. Abner Herrman & Brock LLC now owns 36,294 shares of the company’s stock worth $3,999,000 after buying an additional 327 shares in the last quarter. Ronna Sue Cohen boosted its position in shares of Aon PLC by 0.3% in the second quarter. Ronna Sue Cohen now owns 6,133 shares of the company’s stock worth $670,000 after buying an additional 19 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of Aon PLC by 2.1% in the second quarter. Capstone Asset Management Co. now owns 25,072 shares of the company’s stock worth $2,739,000 after buying an additional 523 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.
Shares of Aon PLC (NYSE:AON) opened at 114.10 on Thursday. The stock has a market cap of $30.02 billion, a price-to-earnings ratio of 21.04 and a beta of 1.02. Aon PLC has a one year low of $83.83 and a one year high of $114.50. The company has a 50-day moving average price of $110.61 and a 200 day moving average price of $109.67.
Aon PLC (NYSE:AON) last announced its quarterly earnings results on Friday, October 28th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Aon PLC had a return on equity of 30.61% and a net margin of 12.75%. The company earned $2.70 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the company earned $1.24 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. Equities research analysts expect that Aon PLC will post $6.50 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, October 28th. Aon PLC’s payout ratio is presently 24.49%.
A number of equities analysts recently issued reports on AON shares. Barclays PLC cut their target price on Aon PLC from $104.00 to $99.00 and set an “equal weight” rating on the stock in a report on Friday, September 30th. MKM Partners lowered Aon PLC from a “buy” rating to a “neutral” rating and set a $115.00 price target for the company. in a research report on Tuesday, August 9th. They noted that the move was a valuation call. Zacks Investment Research raised Aon PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, November 8th. Credit Suisse Group AG set a $90.00 price target on Aon PLC and gave the company a “sell” rating in a research report on Monday, September 12th. Finally, RBC Capital Markets lowered Aon PLC from an “outperform” rating to a “sector perform” rating and set a $116.00 price target for the company. in a research report on Monday, October 31st. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Aon PLC presently has a consensus rating of “Hold” and a consensus price target of $112.75.
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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