LS Investment Advisors LLC Acquires 40 Shares of Aon PLC (NYSE:AON)
LS Investment Advisors LLC raised its position 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. The firm owned 15,833 shares of the financial services provider’s stock after buying an additional 40 shares during the period. LS Investment Advisors LLC’s holdings in Aon PLC were worth $2,105,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. FNY Partners Fund LP purchased a new stake in shares of Aon PLC during the first quarter worth about $106,000. Capital Investment Advisors LLC purchased a new stake in shares of Aon PLC during the second quarter worth about $220,000. Assetmark Inc. boosted its stake 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. Douglass Winthrop Advisors LLC boosted its stake in shares of Aon PLC by 15.9% in the first quarter. Douglass Winthrop Advisors LLC now owns 3,025 shares of the financial services provider’s stock worth $359,000 after buying an additional 414 shares during the last quarter. Finally, Numeric Investors LLC purchased a new stake in shares of Aon PLC during the fourth quarter worth about $379,000. Institutional investors own 86.05% of the company’s stock.
Shares of Aon PLC (NYSE AON) traded up 0.09% on Wednesday, hitting $137.54. 55,066 shares of the stock were exchanged. The company has a market cap of $36.05 billion, a PE ratio of 27.17 and a beta of 1.03. Aon PLC has a 12 month low of $105.35 and a 12 month high of $137.94. The company has a 50-day moving average price of $133.74 and a 200 day moving average price of $122.09.
Aon PLC (NYSE:AON) last announced its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.17. Aon PLC had a net margin of 12.23% and a return on equity of 32.34%. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the firm posted $1.35 EPS. Aon PLC’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts forecast that Aon PLC will post $6.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be 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 is Friday, July 28th. Aon PLC’s dividend payout ratio (DPR) is 28.18%.
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Several research firms have weighed in on AON. Jefferies Group LLC reissued a “buy” rating and issued a $146.00 price target on shares of Aon PLC in a report on Friday, June 16th. Janney Montgomery Scott lowered shares of Aon PLC from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 21st. Citigroup Inc. increased their target price on shares of Aon PLC from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Langen Mcalenn lowered shares of Aon PLC from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 21st. Finally, BidaskClub upgraded shares of Aon PLC from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $132.25.
In related news, EVP Peter M. Lieb sold 2,000 shares of the 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 sale, the executive vice president now directly owns 20,216 shares of the company’s stock, valued at approximately $2,636,166.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $126.19, for a total transaction of $504,760.00. Following the sale, the senior vice president now directly owns 16,314 shares in the company, valued at $2,058,663.66. The disclosure for this sale can be found here. Corporate insiders own 0.90% 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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