Aon PLC (AON) Shares Bought by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System increased its position in Aon PLC (NYSE:AON) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 399,945 shares of the financial services provider’s stock after buying an additional 2,321 shares during the period. State Board of Administration of Florida Retirement System owned about 0.15% of Aon PLC worth $53,173,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board increased its position in shares of Aon PLC by 181.6% in the first quarter. Canada Pension Plan Investment Board now owns 201,764 shares of the financial services provider’s stock worth $23,947,000 after buying an additional 130,109 shares in the last quarter. Ronna Sue Cohen increased 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. Aperio Group LLC increased its stake in Aon PLC by 11.9% in the second quarter. Aperio Group LLC now owns 138,213 shares of the financial services provider’s stock worth $18,375,000 after buying an additional 14,727 shares during the period. Egerton Capital UK LLP acquired a new stake in Aon PLC during the second quarter worth $45,094,000. Finally, Gateway Investment Advisers LLC increased its stake in Aon PLC by 3.0% in the second quarter. Gateway Investment Advisers LLC now owns 224,226 shares of the financial services provider’s stock worth $29,811,000 after buying an additional 6,521 shares during the period. 85.91% of the stock is owned by institutional investors.
Aon PLC (NYSE AON) opened at 136.52 on Monday. The stock has a 50 day moving average of $137.37 and a 200 day moving average of $126.07. The firm has a market cap of $34.72 billion, a PE ratio of 19.94 and a beta of 1.03. Aon PLC has a 12-month low of $107.19 and a 12-month high of $141.45.
Aon PLC (NYSE:AON) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 EPS 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 company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the previous year, the firm earned $1.39 earnings per share. Aon PLC’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Aon PLC will post $6.50 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, July 28th. Aon PLC’s payout ratio is 20.48%.
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A number of research firms recently weighed in on AON. UBS AG reissued a “neutral” rating and set a $133.00 price target (up from $125.00) on shares of Aon PLC in a research note on Friday, May 12th. Langen Mcalenn downgraded shares of Aon PLC from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 21st. Citigroup Inc. boosted their price target on shares of Aon PLC from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. BidaskClub downgraded shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Janney Montgomery Scott downgraded shares of Aon PLC from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Aon PLC currently has a consensus 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 that occurred 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 owns 20,216 shares of the company’s stock, valued at $2,636,166.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by insiders.
Aon PLC Company Profile
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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