Aon PLC (AON) Position Held by Origin Asset Management LLP
Origin Asset Management LLP continued to hold its position in shares of Aon PLC (NYSE:AON) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 88,161 shares of the financial services provider’s stock at the close of the second quarter. Origin Asset Management LLP’s holdings in Aon PLC were worth $11,721,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AON. Los Angeles Capital Management & Equity Research Inc. grew its position in Aon PLC by 2,385.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,224,194 shares of the financial services provider’s stock worth $162,757,000 after purchasing an additional 1,174,940 shares during the last quarter. Egerton Capital UK LLP bought a new position in Aon PLC in the 2nd quarter worth about $45,094,000. Bank of Montreal Can grew its position in Aon PLC by 86.5% in the 2nd quarter. Bank of Montreal Can now owns 266,601 shares of the financial services provider’s stock worth $35,445,000 after purchasing an additional 123,654 shares during the last quarter. Mawer Investment Management Ltd. grew its position in Aon PLC by 2.5% in the 2nd quarter. Mawer Investment Management Ltd. now owns 5,131,164 shares of the financial services provider’s stock worth $682,188,000 after purchasing an additional 122,803 shares during the last quarter. Finally, Longview Partners Guernsey LTD grew its position in Aon PLC by 1.7% in the 2nd quarter. Longview Partners Guernsey LTD now owns 6,700,077 shares of the financial services provider’s stock worth $890,775,000 after purchasing an additional 114,690 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.
In other Aon PLC news, CEO Michael J. O’connor sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $140.28, for a total value of $1,402,800.00. Following the completion of the sale, the chief executive officer now owns 123,805 shares in the company, valued at approximately $17,367,365.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.
Several research firms have commented on AON. Morgan Stanley restated an “equal weight” rating and issued a $138.00 target price (up previously from $130.00) on shares of Aon PLC in a research report on Thursday, July 6th. BidaskClub cut shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Citigroup Inc. upped their target price on shares of Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Langen Mcalenn cut shares of Aon PLC from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 21st. Finally, Wells Fargo & Company restated a “hold” rating on shares of Aon PLC in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Aon PLC currently has an average rating of “Hold” and an average price target of $139.00.
Aon PLC (NYSE:AON) traded down 0.19% on Wednesday, hitting $142.62. 195,463 shares of the stock traded hands. Aon PLC has a 12-month low of $107.19 and a 12-month high of $144.81. The stock has a market cap of $36.27 billion, a P/E ratio of 20.83 and a beta of 1.02. The stock has a 50-day moving average price of $138.95 and a 200 day moving average price of $128.87.
Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, meeting the consensus estimate of $1.45. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 EPS. On average, equities analysts expect that Aon PLC will post $6.50 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, July 28th. Aon PLC’s payout ratio is presently 20.48%.
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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