Ontario Teachers Pension Plan Board Acquires New Holdings in Aon PLC (AON)
Ontario Teachers Pension Plan Board acquired a new stake in shares of Aon PLC (NYSE:AON) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 15,030 shares of the financial services provider’s stock, valued at approximately $1,998,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. 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 during the last quarter. Financial Counselors Inc. grew its stake in shares of Aon PLC by 1.6% during the first quarter. Financial Counselors Inc. now owns 3,641 shares of the financial services provider’s stock worth $432,000 after acquiring an additional 57 shares during the last quarter. Cleararc Capital Inc. grew its stake in shares of Aon PLC by 0.9% during the first quarter. Cleararc Capital Inc. now owns 6,444 shares of the financial services provider’s stock worth $765,000 after acquiring an additional 56 shares during the last quarter. Greenwood Gearhart Inc. grew its stake in shares of Aon PLC by 7.4% during the first quarter. Greenwood Gearhart Inc. now owns 39,961 shares of the financial services provider’s stock worth $4,743,000 after acquiring an additional 2,760 shares during the last quarter. Finally, FNY Partners Fund LP purchased a new stake in shares of Aon PLC during the first quarter worth about $106,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.
Aon PLC (NYSE AON) opened at 146.10 on Monday. The company’s 50-day moving average price is $139.76 and its 200 day moving average price is $130.04. The stock has a market capitalization of $37.16 billion, a PE ratio of 21.34 and a beta of 1.04. Aon PLC has a 12 month low of $107.19 and a 12 month high of $147.66.
Aon PLC (NYSE:AON) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. Aon PLC’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $1.39 EPS. On average, analysts forecast that Aon PLC will post $6.50 earnings per share for the current fiscal year.
In other news, CEO Michael J. O’connor sold 10,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the completion of the sale, the chief executive officer now owns 123,805 shares in the company, valued at $17,367,365.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.
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Several brokerages recently commented on AON. Deutsche Bank AG lifted their target price on shares of Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. BidaskClub lowered shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Royal Bank Of Canada restated a “hold” rating and set a $143.00 price target on shares of Aon PLC in a research note on Sunday, August 6th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Aon PLC in a report on Friday, August 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $162.00 price target (up previously from $146.00) on shares of Aon PLC in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Aon PLC currently has a consensus rating of “Hold” and an average price target of $139.00.
Aon PLC 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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