Westpac Banking Corp boosted its stake in shares of Aon PLC (NYSE:AON) by 88.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,360 shares of the company’s stock after buying an additional 10,499 shares during the period. Westpac Banking Corp’s holdings in Aon PLC were worth $2,245,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. purchased a new position in Aon PLC during the second quarter valued at $159,612,000. Swiss National Bank raised its position in Aon PLC by 6.4% in the second quarter. Swiss National Bank now owns 757,071 shares of the company’s stock valued at $82,695,000 after buying an additional 45,500 shares in the last quarter. JPMorgan Chase & Co. raised its position in Aon PLC by 20.9% in the second quarter. JPMorgan Chase & Co. now owns 603,064 shares of the company’s stock valued at $65,874,000 after buying an additional 104,221 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Aon PLC by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 599,610 shares of the company’s stock valued at $65,485,000 after buying an additional 17,920 shares in the last quarter. Finally, SPF Beheer BV purchased a new position in Aon PLC during the second quarter valued at $56,241,000. 84.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of Aon PLC (NYSE:AON) traded down 0.08% during midday trading on Wednesday, hitting $112.31. The stock had a trading volume of 44,143 shares. Aon PLC has a 12-month low of $83.83 and a 12-month high of $113.78. The firm has a 50-day moving average of $110.51 and a 200 day moving average of $107.34. The firm has a market cap of $29.83 billion, a PE ratio of 21.15 and a beta of 1.06.
Aon PLC (NYSE:AON) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.39 EPS for the quarter, meeting the consensus estimate of $1.39. The firm earned $2.80 billion during 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 company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.31 EPS. On average, analysts expect that Aon PLC will post $6.49 earnings per share for the current year.
Several equities analysts have recently weighed in on AON shares. MKM Partners lowered Aon PLC from a “buy” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a research note 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 from $107.00) on shares of Aon PLC in a research note on Tuesday, July 12th. Credit Suisse Group AG set a $90.00 price target on Aon PLC and gave the stock a “sell” rating in a research report on Monday, September 12th. Zacks Investment Research raised Aon PLC from a “sell” rating to a “hold” rating in a research report on Thursday, August 25th. Finally, Langen Mcalenn reissued a “buy” rating on shares of Aon PLC in a research report on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Aon PLC presently has a consensus rating of “Hold” and an average target price of $108.73.
In other Aon PLC news, CEO Stephen P. Mcgill sold 46,698 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total value of $5,062,530.18. Following the completion of the transaction, the chief executive officer now owns 252,071 shares of the company’s stock, valued at approximately $27,327,017.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.
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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