Rothschild Asset Management Inc. Takes Position in Aon PLC (AON)
Rothschild Asset Management Inc. acquired a new stake in Aon PLC (NYSE:AON) during the second quarter, Holdings Channel reports. The fund acquired 3,508 shares of the financial services provider’s stock, valued at approximately $466,000.
Other institutional investors have also recently modified their holdings of the company. Financial Counselors Inc. boosted its position in shares of Aon PLC by 1.6% in the first quarter. Financial Counselors Inc. now owns 3,641 shares of the financial services provider’s stock valued at $432,000 after buying an additional 57 shares in the last quarter. Kings Point Capital Management boosted its position in shares of 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 valued at $3,964,000 after buying an additional 533 shares in the last quarter. Cibc World Markets Corp boosted its position in shares of 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 valued at $3,257,000 after buying an additional 9,433 shares in the last quarter. Assetmark Inc. boosted its position in shares of Aon PLC by 191.4% in the first quarter. Assetmark Inc. now owns 2,305 shares of the financial services provider’s stock valued at $274,000 after buying an additional 1,514 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of Aon PLC during the first quarter valued at about $14,657,000. 86.41% of the stock is owned by hedge funds and other institutional investors.
Aon PLC (NYSE:AON) opened at 138.39 on Friday. Aon PLC has a 12-month low of $107.19 and a 12-month high of $141.45. The stock has a 50 day moving average price of $136.61 and a 200-day moving average price of $125.15. The firm has a market capitalization of $35.20 billion, a PE ratio of 20.21 and a beta of 1.03.
Aon PLC (NYSE:AON) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, meeting analysts’ consensus estimates of $1.45. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Aon PLC will post $6.50 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, July 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.04%. Aon PLC’s dividend payout ratio (DPR) is presently 20.48%.
Several equities analysts recently issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $162.00 price objective (up from $146.00) on shares of Aon PLC in a report on Monday, July 24th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Aon PLC in a report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $143.00 price objective on shares of Aon PLC in a report on Sunday, August 6th. Citigroup Inc. lifted their price objective on Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Deutsche Bank AG lifted their price objective on Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $139.00.
In other news, EVP Peter M. Lieb sold 2,000 shares of the 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 completion of the sale, the executive vice president now owns 20,216 shares in the company, valued at approximately $2,636,166.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction on Thursday, May 18th. The shares were 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 of the company’s stock, valued at approximately $2,058,663.66. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate 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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