Seaward Management Limited Partnership continued to hold its stake in shares of Aon PLC (NYSE:AON) during the second quarter, Holdings Channel reports. The institutional investor owned 3,050 shares of the company’s stock at the end of the second quarter. Seaward Management Limited Partnership’s holdings in Aon PLC were worth $333,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of AON. Aperio Group LLC increased its stake in shares of Aon PLC by 12.4% in the first quarter. Aperio Group LLC now owns 113,973 shares of the company’s stock worth $11,904,000 after buying an additional 12,595 shares during the period. Chesley Taft & Associates LLC acquired a new stake in shares of Aon PLC during the second quarter worth about $203,000. IFP Advisors Inc increased its stake in shares of 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 during the period. Seven Bridges Advisors LLC increased its stake in shares of Aon PLC by 2.2% in the second quarter. Seven Bridges Advisors LLC now owns 13,842 shares of the company’s stock worth $1,512,000 after buying an additional 302 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Aon PLC by 175.5% in the first quarter. Canada Pension Plan Investment Board now owns 81,010 shares of the company’s stock worth $8,461,000 after buying an additional 51,600 shares during the period. Institutional investors own 84.51% of the company’s stock.
Aon PLC (NYSE:AON) traded down 1.07% during mid-day trading on Friday, hitting $112.15. The company had a trading volume of 799,849 shares. The stock has a market capitalization of $29.79 billion, a PE ratio of 21.12 and a beta of 1.06. The stock has a 50 day moving average price of $110.43 and a 200-day moving average price of $107.03. Aon PLC has a 1-year low of $83.83 and a 1-year high of $113.78.
Aon PLC (NYSE:AON) last announced its quarterly earnings results on Friday, July 29th. The company reported $1.39 EPS for the quarter, hitting the consensus estimate of $1.39. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Aon PLC had a net margin of 12.65% and a return on equity of 30.10%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.31 EPS. On average, analysts forecast that Aon PLC will post $6.49 earnings per share for the current year.
AON has been the topic of a number of research analyst reports. Zacks Investment Research raised Aon PLC from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research note on Monday, July 4th. Credit Suisse Group AG set a $90.00 target price on Aon PLC and gave the company a “sell” rating in a research note on Monday, September 12th. Jefferies Group increased their target price on Aon PLC from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, August 1st. MKM Partners cut Aon PLC from a “buy” rating to a “neutral” rating and set a $115.00 target price on the stock. in a research note on Tuesday, August 9th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Aon PLC in a research note on Tuesday, June 7th. Two 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’s stock. Aon PLC has an average rating of “Hold” and a consensus price target of $108.73.
In other Aon PLC news, CEO Stephen P. Mcgill sold 46,698 shares of the business’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 sale, 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 filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently 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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