Arizona State Retirement System Has $10.06 Million Position in Aon PLC (NYSE:AON)
Arizona State Retirement System cut its position in shares of Aon PLC (NYSE:AON) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 75,649 shares of the financial services provider’s stock after selling 1,600 shares during the period. Arizona State Retirement System’s holdings in Aon PLC were worth $10,058,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the stock. Financial Counselors Inc. boosted its stake in Aon PLC by 1.6% in the first quarter. Financial Counselors Inc. now owns 3,641 shares of the financial services provider’s stock worth $432,000 after buying an additional 57 shares in the last quarter. Kings Point Capital Management boosted its stake in 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 worth $3,964,000 after buying an additional 533 shares in the last quarter. Cibc World Markets Corp boosted its stake in 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 worth $3,257,000 after buying an additional 9,433 shares in the last quarter. Assetmark Inc. boosted its stake in Aon PLC by 191.4% in the first quarter. Assetmark Inc. now owns 2,305 shares of the financial services provider’s stock worth $274,000 after buying an additional 1,514 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Aon PLC during the first quarter worth $14,657,000. Institutional investors own 86.41% of the company’s stock.
Aon PLC (NYSE:AON) opened at 138.85 on Friday. The stock has a market cap of $35.31 billion, a price-to-earnings ratio of 20.28 and a beta of 1.03. The company’s 50 day moving average price is $136.49 and its 200-day moving average price is $124.96. Aon PLC has a 12-month low of $107.19 and a 12-month high of $141.45.
Aon PLC (NYSE:AON) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, hitting the consensus estimate of $1.45. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. Aon PLC’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 earnings per share. On average, analysts forecast that Aon PLC will post $6.50 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid 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 20.48%.
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A number of research firms have weighed in on AON. Jefferies Group LLC restated a “buy” rating and issued a $162.00 price target (up from $146.00) on shares of Aon PLC in a research note on Monday, July 24th. Wells Fargo & Company restated a “hold” rating on shares of Aon PLC in a research note on Friday, August 4th. Royal Bank Of Canada restated a “hold” rating and issued a $143.00 price target on shares of Aon PLC in a research note on Sunday, August 6th. Citigroup Inc. raised their price target on Aon PLC from $155.00 to $159.00 and gave the company a “buy” rating in a research note on Monday. Finally, Deutsche Bank AG raised their price target on Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Aon PLC currently has a consensus rating of “Hold” and an average price target of $139.00.
In related news, EVP Peter M. Lieb sold 2,000 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $130.40, for a total transaction of $260,800.00. Following the sale, the executive vice president now owns 20,216 shares in the company, valued at $2,636,166.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Laurel G. Meissner sold 4,000 shares of the 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 sale, the senior vice president now owns 16,314 shares in the company, valued at approximately $2,058,663.66. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.
Aon PLC Company 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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