Waverton Investment Management Ltd purchased a new stake in shares of Aon PLC (NYSE:AON) during the second quarter, Holdings Channel reports. The institutional investor purchased 27,985 shares of the company’s stock, valued at approximately $3,057,000.
Other institutional investors have also recently made changes to their positions in the company. BloombergSen Inc. purchased a new position in shares of Aon PLC during the second quarter valued at about $58,537,000. Retirement Systems of Alabama increased its position in shares of Aon PLC by 110.8% in the second quarter. Retirement Systems of Alabama now owns 288,708 shares of the company’s stock valued at $31,536,000 after buying an additional 151,775 shares during the period. PGGM Investments purchased a new position in shares of Aon PLC during the second quarter valued at about $31,372,000. Bank of Montreal Can purchased a new position in shares of Aon PLC during the second quarter valued at about $24,976,000. Finally, Strs Ohio increased its position in shares of Aon PLC by 2,290.5% in the second quarter. Strs Ohio now owns 169,322 shares of the company’s stock valued at $18,495,000 after buying an additional 162,239 shares during the period. 84.51% of the stock is owned by institutional investors.
Aon PLC (NYSE:AON) traded up 1.28% during mid-day trading on Thursday, reaching $113.18. The company’s stock had a trading volume of 763,986 shares. The stock’s 50 day moving average is $110.87 and its 200 day moving average is $107.77. Aon PLC has a 12 month low of $83.83 and a 12 month high of $113.78. The company has a market cap of $30.06 billion, a price-to-earnings ratio of 21.31 and a beta of 1.02.
Aon PLC (NYSE:AON) last announced its earnings results on Friday, July 29th. The company reported $1.39 EPS for the quarter, hitting the consensus estimate of $1.39. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Aon PLC had a return on equity of 30.10% and a net margin of 12.65%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 earnings per share. Equities research analysts predict that Aon PLC will post $6.49 EPS for the current year.
AON has been the subject of several analyst reports. Barclays PLC reduced their price target on shares of Aon PLC from $104.00 to $99.00 and set an “equal weight” rating for the company in a report on Friday, September 30th. MKM Partners downgraded shares of Aon PLC from a “buy” rating to a “neutral” rating and set a $115.00 price objective for the company. in a report on Tuesday, August 9th. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “market perform” rating and issued a $115.00 price objective (up previously from $107.00) on shares of Aon PLC in a report on Tuesday, July 12th. Credit Suisse Group AG set a $90.00 price objective on shares of Aon PLC and gave the stock a “sell” rating in a report on Monday, September 12th. Finally, Zacks Investment Research raised shares of Aon PLC from a “sell” rating to a “hold” rating in a report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. Aon PLC presently has a consensus rating of “Hold” and a consensus target price of $107.92.
In other news, CEO Stephen P. Mcgill sold 46,698 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total transaction of $5,062,530.18. Following the sale, the chief executive officer now owns 252,071 shares in the company, valued at $27,327,017.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.
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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