Kwmg LLC raised its stake in shares of Aon PLC (NYSE:AON) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,184 shares of the financial services provider’s stock after buying an additional 806 shares during the period. Kwmg LLC’s holdings in Aon PLC were worth $1,886,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Kings Point Capital Management increased its stake in shares of Aon PLC by 1.6% in the first quarter. Kings Point Capital Management now owns 33,397 shares of the financial services provider’s stock valued at $3,964,000 after buying an additional 533 shares during the last quarter. Cibc World Markets Corp increased its stake in shares of Aon PLC by 52.4% in the first quarter. Cibc World Markets Corp now owns 27,441 shares of the financial services provider’s stock valued at $3,257,000 after buying an additional 9,433 shares during the last quarter. Assetmark Inc. increased its stake in shares of Aon PLC by 191.4% in the first quarter. Assetmark Inc. now owns 2,305 shares of the financial services provider’s stock valued at $274,000 after buying an additional 1,514 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Aon PLC during the first quarter valued at about $14,657,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Aon PLC by 264.3% in the first quarter. BNP Paribas Arbitrage SA now owns 235,771 shares of the financial services provider’s stock valued at $27,984,000 after buying an additional 171,051 shares during the last quarter. 86.41% of the stock is currently owned by institutional investors.
Aon PLC (AON) traded down 0.09% on Tuesday, reaching $138.64. The company’s stock had a trading volume of 705,275 shares. The firm has a market cap of $36.33 billion, a price-to-earnings ratio of 27.39 and a beta of 1.03. The firm has a 50 day moving average of $135.80 and a 200 day moving average of $123.89. Aon PLC has a 12 month low of $107.19 and a 12 month high of $141.30.
Aon PLC (NYSE:AON) last released its earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. Aon PLC’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 earnings per share. Analysts anticipate that Aon PLC will post $6.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $1.44 annualized dividend and a yield of 1.04%. Aon PLC’s dividend payout ratio (DPR) is presently 20.48%.
AON has been the topic of a number of recent research reports. Zacks Investment Research raised Aon PLC from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a report on Tuesday, May 30th. Jefferies Group LLC reissued a “buy” rating and set a $146.00 price objective on shares of Aon PLC in a report on Friday, June 16th. BidaskClub cut Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Citigroup Inc. boosted their price objective on Aon PLC from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Finally, Barclays PLC upped their price target on Aon PLC from $115.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Aon PLC presently has a consensus rating of “Hold” and a consensus target price of $136.17.
In other news, EVP Peter M. Lieb sold 2,000 shares of Aon PLC stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $130.40, for a total value of $260,800.00. Following the sale, the executive vice president now directly owns 20,216 shares of the company’s stock, valued at $2,636,166.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Laurel G. Meissner sold 4,000 shares of Aon PLC stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $126.19, for a total value of $504,760.00. Following the completion of the sale, the senior vice president now directly owns 16,314 shares in the company, valued at $2,058,663.66. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.
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.
Receive News & Ratings for Aon PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aon PLC and related companies with MarketBeat.com's FREE daily email newsletter.
