Rhumbline Advisers Buys 8,320 Shares of Aon PLC (AON)
Rhumbline Advisers increased its position in Aon PLC (NYSE:AON) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 451,888 shares of the financial services provider’s stock after buying an additional 8,320 shares during the period. Rhumbline Advisers’ holdings in Aon PLC were worth $60,079,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. FNY Partners Fund LP bought a new position in Aon PLC during the first quarter worth $106,000. Mitchell Capital Management Co. bought a new position in Aon PLC during the second quarter worth $202,000. Foster & Motley Inc. bought a new position in Aon PLC during the second quarter worth $202,000. Joel Isaacson & Co. LLC bought a new position in Aon PLC during the second quarter worth $202,000. Finally, Capital Investment Advisors LLC bought a new position in Aon PLC during the second quarter worth $220,000. 86.41% of the stock is currently owned by institutional investors.
Aon PLC (NYSE:AON) opened at 138.85 on Friday. The firm has a market cap of $35.31 billion, a price-to-earnings ratio of 20.28 and a beta of 1.03. The stock has a 50 day moving average price of $136.49 and a 200 day moving average price of $124.96. Aon PLC has a 52 week low of $107.19 and a 52 week high of $141.45.
Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, hitting 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 quarter last year, the firm earned $1.39 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. Equities research analysts expect 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. Stockholders of record on Tuesday, August 1st will be issued 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 20.48%.
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A number of equities analysts have weighed in on the company. Morgan Stanley reissued an “equal weight” rating and set a $138.00 price objective (up previously from $130.00) on shares of Aon PLC in a research note on Thursday, July 6th. Jefferies Group LLC reissued a “buy” rating and set a $146.00 price objective (up previously from $137.00) on shares of Aon PLC in a research note on Tuesday, May 9th. BidaskClub raised Aon PLC from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised Aon PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Finally, Citigroup Inc. boosted their price objective on Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday. 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’s stock. Aon PLC presently has a consensus rating of “Hold” and an average target price of $139.00.
In other news, EVP Peter M. Lieb sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Laurel G. Meissner sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $126.19, for a total value 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 company insiders.
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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