Aon PLC (AON) Shares Sold by Norris Perne & French LLP MI
Norris Perne & French LLP MI cut its position in Aon PLC (NYSE:AON) by 14.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,018 shares of the company’s stock after selling 14,372 shares during the period. Aon PLC comprises about 2.0% of Norris Perne & French LLP MI’s portfolio, making the stock its 19th largest position. Norris Perne & French LLP MI’s holdings in Aon PLC were worth $9,177,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in Aon PLC during the second quarter worth approximately $24,976,000. Canada Pension Plan Investment Board increased its stake in Aon PLC by 175.5% in the first quarter. Canada Pension Plan Investment Board now owns 81,010 shares of the company’s stock worth $8,461,000 after buying an additional 51,600 shares during the last quarter. British Columbia Investment Management Corp increased its stake in Aon PLC by 51.9% in the second quarter. British Columbia Investment Management Corp now owns 145,486 shares of the company’s stock worth $15,891,000 after buying an additional 49,720 shares during the last quarter. Oakbrook Investments LLC acquired a new stake in Aon PLC during the second quarter worth approximately $3,643,000. Finally, Goelzer Investment Management Inc. acquired a new stake in Aon PLC during the second quarter worth approximately $2,425,000. Institutional investors and hedge funds own 84.84% of the company’s stock.
Aon PLC (NYSE:AON) traded up 0.53% during mid-day trading on Monday, reaching $109.98. 594,266 shares of the company’s stock traded hands. The stock has a market cap of $29.21 billion, a P/E ratio of 20.71 and a beta of 1.06. The firm has a 50-day moving average price of $110.10 and a 200-day moving average price of $106.77. Aon PLC has a 1-year low of $83.83 and a 1-year high of $112.50.
Aon PLC (NYSE:AON) last released its quarterly earnings data on Friday, July 29th. The company reported $1.39 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.39. Aon PLC had a return on equity of 30.10% and a net margin of 12.65%. The company earned $2.80 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that Aon PLC will post $6.49 EPS for the current fiscal year.
A number of analysts recently commented on AON shares. Credit Suisse Group AG reiterated an “underperform” rating on shares of Aon PLC in a report on Wednesday, July 6th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Aon PLC in a report on Tuesday, June 7th. Zacks Investment Research downgraded shares of Aon PLC from a “hold” rating to a “sell” rating in a report on Monday, July 18th. BMO Capital Markets reiterated a “market perform” rating and issued a $115.00 target price (up from $107.00) on shares of Aon PLC in a report on Tuesday, July 12th. Finally, Jefferies Group boosted their target price on shares of Aon PLC from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $107.83.
In related news, CEO Stephen P. Mcgill sold 46,698 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total value of $5,062,530.18. Following the sale, the chief executive officer now directly owns 252,071 shares in the company, valued at $27,327,017.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is 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.
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