PGGM Investments bought a new position in Aon PLC (NYSE:AON) during the second quarter, Holdings Channel reports. The firm bought 287,208 shares of the company’s stock, valued at approximately $31,372,000.
Other institutional investors also recently modified their holdings of the company. Checchi Capital Advisers LLC raised its position in shares of Aon PLC by 4.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,776 shares of the company’s stock worth $194,000 after buying an additional 81 shares during the period. Chesley Taft & Associates LLC bought a new position in shares of Aon PLC during the second quarter worth approximately $203,000. Tufton Capital Management acquired a new position in Aon PLC during the second quarter worth about $208,000. Bremer Trust National Association increased its position in Aon PLC by 8.1% in the second quarter. Bremer Trust National Association now owns 3,139 shares of the company’s stock worth $343,000 after buying an additional 234 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Aon PLC by 141.2% in the first quarter. IFP Advisors Inc now owns 3,189 shares of the company’s stock worth $333,000 after buying an additional 1,867 shares in the last quarter. 84.51% of the stock is currently owned by institutional investors and hedge funds.
Aon PLC (NYSE:AON) traded up 0.70% during midday trading on Tuesday, hitting $112.40. 876,119 shares of the stock traded hands. The company has a 50-day moving average price of $110.51 and a 200 day moving average price of $107.34. The stock has a market cap of $29.85 billion, a price-to-earnings ratio of 21.16 and a beta of 1.06. Aon PLC has a one year low of $83.83 and a one year high of $113.78.
Aon PLC (NYSE:AON) last issued its earnings results on Friday, July 29th. The company reported $1.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.39. Aon PLC had a net margin of 12.65% and a return on equity of 30.10%. The business earned $2.80 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the prior year, the business posted $1.31 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts anticipate that Aon PLC will post $6.49 earnings per share for the current year.
A number of equities analysts have recently issued reports on AON shares. MKM Partners downgraded shares of 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 reiterated a “market perform” rating and set 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 objective on shares of Aon PLC and gave the company a “sell” rating in a research note on Monday, September 12th. Zacks Investment Research upgraded shares of Aon PLC from a “sell” rating to a “hold” rating in a research note on Thursday, August 25th. Finally, Langen Mcalenn reiterated a “buy” rating on shares of Aon PLC in a research note on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued 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 $108.73.
In other news, CEO Stephen P. Mcgill sold 46,698 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were 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 in the company, valued at approximately $27,327,017.11. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.00% of the stock is currently owned by 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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