Advisor Group Inc. Increases Stake in Aon PLC (AON)
Advisor Group Inc. lifted its holdings in Aon PLC (NYSE:AON) by 14.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,982 shares of the financial services provider’s stock after purchasing an additional 505 shares during the quarter. Advisor Group Inc.’s holdings in Aon PLC were worth $529,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in AON. Parallel Advisors LLC lifted its position in shares of Aon PLC by 16.7% in the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 106 shares in the last quarter. FNY Partners Fund LP bought a new stake in shares of Aon PLC in the first quarter worth $106,000. Fiduciary Trust Co. bought a new stake in shares of Aon PLC in the second quarter worth $108,000. Magellan Asset Management Ltd lifted its position in shares of Aon PLC by 110.2% in the second quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 444 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. bought a new stake in shares of Aon PLC in the second quarter worth $126,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.
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A number of analysts have recently commented on AON shares. BidaskClub lowered shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Credit Suisse Group set a $133.00 price objective on shares of Aon PLC and gave the stock a “sell” rating in a research report on Thursday, June 22nd. ValuEngine raised shares of Aon PLC from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Barclays PLC boosted their price objective on shares of Aon PLC from $115.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, July 3rd. Finally, Zacks Investment Research lowered shares of Aon PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $138.20.
In other news, CEO Michael J. O’connor sold 10,000 shares of Aon PLC stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the sale, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,951,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.90% of the company’s stock.
Shares of Aon PLC (NYSE AON) opened at 146.84 on Friday. Aon PLC has a 52-week low of $107.19 and a 52-week high of $147.66. The firm’s 50-day moving average is $142.51 and its 200 day moving average is $132.53. The company has a market capitalization of $37.35 billion, a price-to-earnings ratio of 21.45 and a beta of 1.04.
Aon PLC (NYSE:AON) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share 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 analysts’ expectations of $2.37 billion. During the same period last year, the business earned $1.39 EPS. The business’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Aon PLC will post $6.50 earnings per share for the current year.
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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