Investors Sell Shares of Aon PLC (AON) on Strength (AON)
Traders sold shares of Aon PLC (NYSE:AON) on strength during trading on Wednesday. $16.56 million flowed into the stock on the tick-up and $37.93 million flowed out of the stock on the tick-down, for a money net flow of $21.37 million out of the stock. Of all equities tracked, Aon PLC had the 26th highest net out-flow for the day. Aon PLC traded up $0.10 for the day and closed at $142.99
A number of research analysts have recently commented on AON shares. Zacks Investment Research raised Aon PLC from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a report on Tuesday, May 30th. Citigroup Inc. raised their price target on Aon PLC from $144.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and set a $146.00 price target on shares of Aon PLC in a report on Friday, June 16th. BidaskClub lowered Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Finally, ValuEngine raised Aon PLC from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $139.00.
The company has a market cap of $36.37 billion, a PE ratio of 20.89 and a beta of 1.02. The firm has a 50-day moving average price of $139.04 and a 200 day moving average price of $129.06.
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 business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the prior year, the firm posted $1.39 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts expect that Aon PLC will post $6.50 earnings per share 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 paid 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%.
In other news, CEO Michael J. O’connor sold 10,000 shares of the company’s 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 owns 123,805 shares of the company’s stock, valued at $17,367,365.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in Aon PLC by 16.7% in the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 106 shares during the last quarter. Fiduciary Trust Co. bought a new stake in Aon PLC in the second quarter valued at about $108,000. Pathstone Family Office LLC increased its holdings in Aon PLC by 6,775.0% in the second quarter. Pathstone Family Office LLC now owns 825 shares of the financial services provider’s stock valued at $1,703,000 after purchasing an additional 813 shares during the last quarter. Magellan Asset Management Ltd increased its holdings in Aon PLC by 110.2% in the second quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 444 shares during the last quarter. Finally, FNY Partners Fund LP bought a new stake in Aon PLC in the first quarter valued at about $106,000. Institutional investors and hedge funds own 84.32% of the company’s stock.
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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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