Aon PLC (NYSE:AON) Shares Sold by Swedbank
Swedbank lowered its position in shares of Aon PLC (NYSE:AON) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 877,124 shares of the financial services provider’s stock after selling 46,942 shares during the period. Swedbank owned approximately 0.33% of Aon PLC worth $116,614,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Federated Investors Inc. PA raised its position in Aon PLC by 18.0% in the fourth quarter. Federated Investors Inc. PA now owns 8,073 shares of the financial services provider’s stock worth $900,000 after buying an additional 1,233 shares during the period. FMR LLC increased its stake in shares of Aon PLC by 12.6% in the fourth quarter. FMR LLC now owns 791,615 shares of the financial services provider’s stock valued at $88,288,000 after buying an additional 88,761 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Aon PLC by 5.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,175 shares of the financial services provider’s stock valued at $1,023,000 after buying an additional 490 shares in the last quarter. Numeric Investors LLC acquired a new stake in shares of Aon PLC during the fourth quarter valued at approximately $379,000. Finally, Douglass Winthrop Advisors LLC increased 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 valued at $359,000 after buying an additional 414 shares in the last quarter. 86.26% of the stock is owned by hedge funds and other institutional investors.
Shares of Aon PLC (NYSE AON) traded down 0.01% during trading on Friday, reaching $138.95. The company had a trading volume of 1,109,902 shares. The company’s 50 day moving average is $135.80 and its 200-day moving average is $123.89. The stock has a market capitalization of $36.41 billion, a price-to-earnings ratio of 27.45 and a beta of 1.03. 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 (EPS) for the quarter, hitting the consensus estimate of $1.45. Aon PLC had a net margin of 12.23% and a return on equity of 32.34%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the firm earned $1.39 earnings per share. Aon PLC’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Aon PLC will post $6.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $1.44 annualized dividend and a yield of 1.04%. Aon PLC’s dividend payout ratio is currently 20.48%.
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Several analysts have commented on the company. UBS AG reiterated a “neutral” rating and set a $133.00 target price (up from $125.00) on shares of Aon PLC in a research note on Friday, May 12th. BidaskClub downgraded Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Royal Bank Of Canada reiterated a “hold” rating and set a $143.00 target price on shares of Aon PLC in a research note on Sunday. Wells Fargo & Company restated a “hold” rating on shares of Aon PLC in a research note on Friday. Finally, Jefferies Group LLC restated a “buy” rating and issued a $162.00 price target (up from $146.00) on shares of Aon PLC in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. Aon PLC has a consensus rating of “Hold” and an average price target of $135.83.
In other Aon PLC news, EVP Peter M. Lieb sold 2,000 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $130.40, for a total transaction of $260,800.00. Following the transaction, the executive vice president now directly owns 20,216 shares in the company, valued at approximately $2,636,166.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $126.19, for a total transaction of $504,760.00. Following the transaction, the senior vice president now owns 16,314 shares in the company, valued at $2,058,663.66. The disclosure for this sale can be found here. 0.90% of the stock is 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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