Stifel Financial Corp Purchases 177 Shares of Aon PLC (AON)
Stifel Financial Corp grew its position in shares of Aon PLC (NYSE:AON) by 7.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,505 shares of the financial services provider’s stock after purchasing an additional 177 shares during the quarter. Stifel Financial Corp’s holdings in Aon PLC were worth $335,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. OMERS ADMINISTRATION Corp bought a new position in shares of Aon PLC during the 2nd quarter valued at about $1,600,000. Swiss National Bank grew its position in Aon PLC by 2.8% during the 2nd quarter. Swiss National Bank now owns 990,371 shares of the financial services provider’s stock worth $131,670,000 after acquiring an additional 27,000 shares during the last quarter. New York State Common Retirement Fund grew its position in Aon PLC by 16.1% during the 2nd quarter. New York State Common Retirement Fund now owns 1,143,276 shares of the financial services provider’s stock worth $151,999,000 after acquiring an additional 158,175 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Aon PLC by 15.7% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 61,013 shares of the financial services provider’s stock worth $8,112,000 after acquiring an additional 8,289 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK grew its position in Aon PLC by 0.4% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 216,777 shares of the financial services provider’s stock worth $28,821,000 after acquiring an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 84.52% of the company’s stock.
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Aon PLC (NYSE:AON) last released its earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Aon PLC had a return on equity of 32.71% and a net margin of 16.78%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.04%. Aon PLC’s dividend payout ratio is 21.79%.
AON has been the topic of several recent research reports. Barclays PLC raised their price target on Aon PLC from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, October 16th. Zacks Investment Research upgraded Aon PLC from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a research report on Wednesday, October 25th. Jefferies Group LLC restated a “buy” rating on shares of Aon PLC in a research report on Tuesday, September 5th. Deutsche Bank AG raised their price target on Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Finally, BidaskClub lowered Aon PLC from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. Aon PLC currently has a consensus rating of “Hold” and a consensus price target of $144.42.
In other news, CEO Michael J. O’connor sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the transaction, the chief executive officer now owns 123,805 shares of the company’s stock, valued at $17,951,725. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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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