Jones Collombin Investment Counsel Inc Has $9.09 Million Stake in Aon PLC (AON)
Jones Collombin Investment Counsel Inc cut its position in Aon PLC (NYSE:AON) by 2.9% during the second quarter, Holdings Channel reports. The institutional investor owned 68,358 shares of the financial services provider’s stock after selling 2,075 shares during the period. Aon PLC comprises about 3.1% of Jones Collombin Investment Counsel Inc’s portfolio, making the stock its 10th largest position. Jones Collombin Investment Counsel Inc’s holdings in Aon PLC were worth $9,088,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its position in shares of Aon PLC by 181.6% in the first quarter. Canada Pension Plan Investment Board now owns 201,764 shares of the financial services provider’s stock worth $23,947,000 after buying an additional 130,109 shares in the last quarter. Ronna Sue Cohen increased its position in shares of Aon PLC by 0.3% in the second quarter. Ronna Sue Cohen now owns 6,205 shares of the financial services provider’s stock worth $825,000 after buying an additional 18 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Aon PLC by 3.0% in the second quarter. Gateway Investment Advisers LLC now owns 224,226 shares of the financial services provider’s stock worth $29,811,000 after buying an additional 6,521 shares in the last quarter. Capital Investment Advisors LLC purchased a new position in shares of Aon PLC during the second quarter worth about $220,000. Finally, Egerton Capital UK LLP purchased a new position in shares of Aon PLC during the second quarter worth about $45,094,000. Institutional investors own 86.41% of the company’s stock.
Shares of Aon PLC (NYSE AON) opened at 138.85 on Friday. The firm’s 50-day moving average is $136.49 and its 200-day moving average is $124.96. The firm has a market cap of $35.31 billion, a PE ratio of 20.28 and a beta of 1.03. 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 earnings results on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 EPS. Equities analysts expect that Aon PLC will post $6.50 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, July 28th. Aon PLC’s dividend payout ratio (DPR) is currently 20.48%.
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AON has been the subject of a number of recent research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $146.00 price target on shares of Aon PLC in a research note on Friday, June 16th. Zacks Investment Research upgraded shares of Aon PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Wells Fargo & Company reiterated a “hold” rating on shares of Aon PLC in a research note on Sunday, April 16th. Deutsche Bank AG lifted their price target on shares of Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, BidaskClub downgraded shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. One investment 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’s stock. The company presently has a consensus rating of “Hold” and an average price target of $139.00.
In other news, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction that occurred on 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 directly owns 16,314 shares in the company, valued at approximately $2,058,663.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Peter M. Lieb sold 2,000 shares of the stock in a transaction that occurred on 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 $2,636,166.40. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.
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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