Eaton Vance Management decreased its stake in shares of Aon PLC (NYSE:AON) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,546 shares of the financial services provider’s stock after selling 2,661 shares during the quarter. Eaton Vance Management’s holdings in Aon PLC were worth $12,304,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Aon PLC by 2,385.5% in the second 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 acquiring an additional 1,174,940 shares during the period. Egerton Capital UK LLP acquired a new stake in shares of Aon PLC in the second quarter worth $45,094,000. Bank of Montreal Can increased its stake in shares of Aon PLC by 86.5% in the second quarter. Bank of Montreal Can now owns 266,601 shares of the financial services provider’s stock worth $35,445,000 after acquiring an additional 123,654 shares during the period. Mawer Investment Management Ltd. increased its stake in shares of Aon PLC by 2.5% in the second quarter. Mawer Investment Management Ltd. now owns 5,131,164 shares of the financial services provider’s stock worth $682,188,000 after acquiring an additional 122,803 shares during the period. Finally, Longview Partners Guernsey LTD increased its stake in shares of Aon PLC by 1.7% in the second quarter. Longview Partners Guernsey LTD now owns 6,700,077 shares of the financial services provider’s stock worth $890,775,000 after acquiring an additional 114,690 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.
In other Aon PLC news, CEO Michael J. O’connor sold 10,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 123,805 shares of the company’s stock, valued at approximately $17,367,365.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% of the company’s stock.
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Shares of Aon PLC (NYSE:AON) opened at 142.66 on Tuesday. The company’s 50-day moving average is $138.84 and its 200-day moving average is $128.77. The stock has a market capitalization of $36.28 billion, a P/E ratio of 20.84 and a beta of 1.02. Aon PLC has a one year low of $107.19 and a one year high of $144.81.
Aon PLC (NYSE:AON) last announced its quarterly earnings data 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. The company had revenue of $2.37 billion for 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%. Aon PLC’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 EPS. On average, equities research analysts anticipate that Aon PLC will post $6.50 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.44 annualized dividend and a yield of 1.01%. Aon PLC’s dividend payout ratio is currently 20.48%.
A number of research firms have recently weighed in on AON. Royal Bank Of Canada reiterated a “hold” rating and issued a $143.00 price objective on shares of Aon PLC in a research note on Wednesday, September 6th. Jefferies Group LLC reiterated a “buy” rating on shares of Aon PLC in a research note on Tuesday, September 5th. ValuEngine upgraded shares of Aon PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Finally, Deutsche Bank AG increased their price objective on shares of Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Aon PLC presently has an average rating of “Hold” and an average target price of $139.00.
Aon PLC 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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