Aon PLC (AON) Position Lifted by Stephens Inc. AR
Stephens Inc. AR increased its holdings in shares of Aon PLC (NYSE:AON) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,721 shares of the financial services provider’s stock after acquiring an additional 724 shares during the period. Stephens Inc. AR’s holdings in Aon PLC were worth $3,021,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in AON. Waldron LP grew its holdings in Aon PLC by 81.2% during the first quarter. Waldron LP now owns 3,826 shares of the financial services provider’s stock worth $454,000 after acquiring an additional 1,714 shares during the period. Cibc World Markets Corp grew its holdings in Aon PLC by 52.4% during the first quarter. Cibc World Markets Corp now owns 27,441 shares of the financial services provider’s stock worth $3,257,000 after acquiring an additional 9,433 shares during the period. Kings Point Capital Management grew its holdings in Aon PLC by 1.6% during the first quarter. Kings Point Capital Management now owns 33,397 shares of the financial services provider’s stock worth $3,964,000 after acquiring an additional 533 shares during the period. Financial Counselors Inc. grew its holdings in Aon PLC by 1.6% during the first quarter. Financial Counselors Inc. now owns 3,641 shares of the financial services provider’s stock worth $432,000 after acquiring an additional 57 shares during the period. Finally, Cleararc Capital Inc. grew its holdings in Aon PLC by 0.9% during the first quarter. Cleararc Capital Inc. now owns 6,444 shares of the financial services provider’s stock worth $765,000 after acquiring an additional 56 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Michael J. O’connor sold 10,000 shares of Aon PLC stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the transaction, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,367,365.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by company insiders.
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Aon PLC (NYSE AON) traded down 0.43% during mid-day trading on Wednesday, reaching $142.27. The company’s stock had a trading volume of 32,009 shares. The company has a market capitalization of $36.18 billion, a PE ratio of 20.78 and a beta of 1.02. The firm has a 50 day moving average price of $138.95 and a 200-day moving average price of $128.87. Aon PLC has a 1-year low of $107.19 and a 1-year high of $144.81.
Aon PLC (NYSE:AON) last issued its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, meeting the 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 for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the firm earned $1.39 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts predict that Aon PLC will post $6.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, July 28th. Aon PLC’s dividend payout ratio (DPR) is presently 20.48%.
A number of research analysts recently weighed in on AON shares. BidaskClub lowered Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Credit Suisse Group set a $133.00 price objective on Aon PLC and gave the stock a “sell” rating in a report on Thursday, June 22nd. Barclays PLC upped their price objective on Aon PLC from $115.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, July 3rd. Zacks Investment Research lowered Aon PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, ValuEngine raised Aon PLC from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $139.00.
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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