Frontier Capital Management Co. LLC Sells 2,502 Shares of Aon PLC (AON)
Frontier Capital Management Co. LLC decreased its position in shares of Aon PLC (NYSE:AON) by 0.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 845,327 shares of the financial services provider’s stock after selling 2,502 shares during the period. Aon PLC accounts for about 0.8% of Frontier Capital Management Co. LLC’s investment portfolio, making the stock its 25th largest position. Frontier Capital Management Co. LLC owned about 0.32% of Aon PLC worth $112,386,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ronna Sue Cohen raised its stake in Aon PLC by 0.3% in the second quarter. Ronna Sue Cohen now owns 6,205 shares of the financial services provider’s stock worth $825,000 after buying an additional 18 shares during the period. Checchi Capital Advisers LLC raised its stake in Aon PLC by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,251 shares of the financial services provider’s stock worth $299,000 after buying an additional 25 shares during the period. LS Investment Advisors LLC raised its stake in Aon PLC by 0.3% in the second quarter. LS Investment Advisors LLC now owns 15,833 shares of the financial services provider’s stock worth $2,105,000 after buying an additional 40 shares during the period. Cleararc Capital Inc. raised its stake in Aon PLC by 0.9% in the first quarter. Cleararc Capital Inc. now owns 6,444 shares of the financial services provider’s stock worth $765,000 after buying an additional 56 shares during the period. Finally, Financial Counselors Inc. raised its stake in Aon PLC by 1.6% in the first quarter. Financial Counselors Inc. now owns 3,641 shares of the financial services provider’s stock worth $432,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 85.91% of the company’s stock.
Shares of Aon PLC (AON) traded up 0.05% during trading on Friday, reaching $136.77. The company’s stock had a trading volume of 93,132 shares. The company has a 50-day moving average price of $137.26 and a 200-day moving average price of $125.89. Aon PLC has a one year low of $107.19 and a one year high of $141.45. The stock has a market cap of $34.79 billion, a price-to-earnings ratio of 19.98 and a beta of 1.03.
Aon PLC (NYSE:AON) last issued its earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the prior year, the business earned $1.39 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Aon PLC will post $6.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Friday, July 28th. Aon PLC’s dividend payout ratio is 20.48%.
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A number of analysts have recently weighed in on the company. UBS AG reissued a “neutral” rating and set a $133.00 price objective (up previously from $125.00) on shares of Aon PLC in a research note on Friday, May 12th. Deutsche Bank AG increased their price objective on Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, August 9th. BidaskClub lowered Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $143.00 price target on shares of Aon PLC in a research note on Sunday, August 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $162.00 price target (up previously 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, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Aon PLC has an average rating of “Hold” and an average price target of $139.00.
In other Aon PLC news, EVP Peter M. Lieb sold 2,000 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $130.40, for a total value of $260,800.00. Following the completion of the sale, the executive vice president now directly owns 20,216 shares in the company, valued at approximately $2,636,166.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by corporate 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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