Ballentine Partners LLC Takes Position in Aon PLC (AON)
Ballentine Partners LLC purchased a new position in Aon PLC (NYSE:AON) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,619 shares of the financial services provider’s stock, valued at approximately $225,000.
Several other hedge funds also recently modified their holdings of AON. FNY Partners Fund LP acquired a new position in Aon PLC during the first quarter worth approximately $106,000. Pinnacle Financial Partners Inc. acquired a new position in Aon PLC during the second quarter worth approximately $126,000. Mitchell Capital Management Co. acquired a new position in Aon PLC during the second quarter worth approximately $202,000. Foster & Motley Inc. acquired a new position in Aon PLC during the second quarter worth approximately $202,000. Finally, Joel Isaacson & Co. LLC acquired a new position in Aon PLC during the second quarter worth approximately $202,000. Institutional investors and hedge funds own 85.91% of the company’s stock.
Aon PLC (NYSE AON) opened at 138.17 on Tuesday. Aon PLC has a one year low of $107.19 and a one year high of $141.45. The firm has a market cap of $35.14 billion, a P/E ratio of 20.18 and a beta of 1.03. The stock’s 50 day moving average is $137.52 and its 200 day moving average is $126.46.
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 return on equity of 32.62% and a net margin of 17.28%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the prior year, the company posted $1.39 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that Aon PLC will post $6.50 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was 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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A number of research firms have commented on AON. BidaskClub downgraded shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Friday. Deutsche Bank AG lifted their price objective on shares of Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. Citigroup Inc. lifted their price objective on shares of Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $143.00 price objective on shares of Aon PLC in a report on Sunday, August 6th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Aon PLC in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Aon PLC has an average rating of “Hold” and a consensus price target of $139.00.
In other Aon PLC news, EVP Peter M. Lieb sold 2,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $130.40, for a total transaction of $260,800.00. Following the completion of the transaction, the executive vice president now directly owns 20,216 shares in the company, valued at $2,636,166.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.
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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