Tesco Pension Investment Ltd increased its stake in shares of Aon PLC (NYSE:AON) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,530,405 shares of the financial services provider’s stock after buying an additional 61,907 shares during the period. Aon PLC makes up about 6.0% of Tesco Pension Investment Ltd’s portfolio, making the stock its largest position. Tesco Pension Investment Ltd owned approximately 0.58% of Aon PLC worth $203,467,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Cibc World Markets Corp increased its stake in Aon PLC by 52.4% in the first quarter. Cibc World Markets Corp now owns 27,441 shares of the financial services provider’s stock valued at $3,257,000 after buying an additional 9,433 shares during the last quarter. Assetmark Inc. increased its stake in Aon PLC by 191.4% in the first quarter. Assetmark Inc. now owns 2,305 shares of the financial services provider’s stock valued at $274,000 after buying an additional 1,514 shares during the last quarter. Karp Capital Management Corp bought a new stake in Aon PLC during the first quarter valued at approximately $14,657,000. BNP Paribas Arbitrage SA increased its stake in Aon PLC by 264.3% in the first quarter. BNP Paribas Arbitrage SA now owns 235,771 shares of the financial services provider’s stock valued at $27,984,000 after buying an additional 171,051 shares during the last quarter. Finally, Syntal Capital Partners LLC increased its stake in Aon PLC by 60.4% in the first quarter. Syntal Capital Partners LLC now owns 4,042 shares of the financial services provider’s stock valued at $479,000 after buying an additional 1,522 shares during the last quarter. 85.91% of the stock is owned by institutional investors.
Aon PLC (AON) opened at 139.66 on Tuesday. The company has a market cap of $35.52 billion, a PE ratio of 20.40 and a beta of 1.03. Aon PLC has a 12 month low of $107.19 and a 12 month high of $141.45. The company has a 50 day moving average price of $136.82 and a 200-day moving average price of $125.53.
Aon PLC (NYSE:AON) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.45. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 EPS. Equities analysts predict that Aon PLC will post $6.50 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, July 28th. This represents a $1.44 dividend on an annualized basis and a yield of 1.03%. Aon PLC’s dividend payout ratio (DPR) is 20.48%.
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Several brokerages have issued reports on AON. Jefferies Group LLC reaffirmed a “buy” rating and set a $162.00 price target (up previously from $146.00) on shares of Aon PLC in a report on Monday, July 24th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Aon PLC in a report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $143.00 price target on shares of Aon PLC in a report on Sunday, August 6th. Citigroup Inc. raised their price target on Aon PLC from $155.00 to $159.00 and gave the company a “buy” rating in a report on Monday, August 7th. Finally, Deutsche Bank AG raised their price target on Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $139.00.
In related news, EVP Peter M. Lieb sold 2,000 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $130.40, for a total transaction of $260,800.00. Following the sale, the executive vice president now owns 20,216 shares of the company’s stock, valued at approximately $2,636,166.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $126.19, for a total value of $504,760.00. Following the sale, the senior vice president now directly owns 16,314 shares in the company, valued at approximately $2,058,663.66. The disclosure for this sale can be found here. Corporate insiders own 0.90% 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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