Aon PLC (NYSE:AON) Stake Lowered by Cigna Investments Inc. New
Cigna Investments Inc. New reduced its position in Aon PLC (NYSE:AON) by 6.2% during the second quarter, Holdings Channel reports. The institutional investor owned 10,155 shares of the financial services provider’s stock after selling 674 shares during the period. Cigna Investments Inc. New’s holdings in Aon PLC were worth $1,350,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of AON. Everence Capital Management Inc. raised its stake in Aon PLC by 19.0% in the first quarter. Everence Capital Management Inc. now owns 8,958 shares of the financial services provider’s stock valued at $1,063,000 after buying an additional 1,430 shares in the last quarter. Nationwide Fund Advisors raised its stake in Aon PLC by 1.2% in the first quarter. Nationwide Fund Advisors now owns 74,287 shares of the financial services provider’s stock valued at $8,817,000 after buying an additional 883 shares in the last quarter. Waldron LP raised its stake in Aon PLC by 81.2% in the first quarter. Waldron LP now owns 3,826 shares of the financial services provider’s stock valued at $454,000 after buying an additional 1,714 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Aon PLC by 25.3% in the first quarter. Russell Investments Group Ltd. now owns 1,045,970 shares of the financial services provider’s stock valued at $124,125,000 after buying an additional 210,931 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in Aon PLC by 10.4% in the first quarter. IFP Advisors Inc now owns 3,295 shares of the financial services provider’s stock valued at $391,000 after buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 86.41% of the company’s stock.
Shares of Aon PLC (NYSE AON) opened at 140.19 on Thursday. Aon PLC has a 52-week low of $107.19 and a 52-week high of $141.45. The stock has a market cap of $36.74 billion, a PE ratio of 27.69 and a beta of 1.03. The company’s 50-day moving average price is $136.39 and its 200-day moving average price is $124.86.
Aon PLC (NYSE:AON) last issued its earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.45. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. On average, equities research analysts forecast that Aon PLC will post $6.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a $0.36 dividend. The ex-dividend date is Friday, July 28th. This represents a $1.44 dividend on an annualized basis and a yield of 1.03%. Aon PLC’s dividend payout ratio (DPR) is 20.48%.
ILLEGAL ACTIVITY WARNING: This report was first reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/aon-plc-nyseaon-stake-lowered-by-cigna-investments-inc-new/1469356.html.
Several equities research analysts recently weighed in on the company. Deutsche Bank AG lifted their price target on Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday. Citigroup Inc. lifted their price target on Aon PLC from $155.00 to $159.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada restated a “hold” rating and set a $143.00 price target on shares of Aon PLC in a research report on Sunday. Wells Fargo & Company restated a “hold” rating on shares of Aon PLC in a research report on Friday, August 4th. Finally, BidaskClub lowered Aon PLC from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $139.00.
In other Aon PLC news, 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 transaction of $504,760.00. Following the completion of the transaction, the senior vice president now owns 16,314 shares in the company, valued at approximately $2,058,663.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter M. Lieb sold 2,000 shares of Aon PLC stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $130.40, for a total value of $260,800.00. Following the transaction, the executive vice president now owns 20,216 shares of the company’s stock, valued at approximately $2,636,166.40. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.
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.
Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon PLC (NYSE:AON).
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 Analyst Ratings Network's FREE daily email newsletter.