Sumitomo Mitsui Asset Management Company LTD lowered its position in Aon PLC (NYSE:AON) by 2.7% during the third quarter, Holdings Channel reports. The institutional investor owned 20,506 shares of the company’s stock after selling 568 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Aon PLC were worth $2,306,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of AON. Tesco Pension Investment Ltd bought a new position in Aon PLC during the third quarter worth $184,311,000. Canada Pension Plan Investment Board boosted its position in Aon PLC by 235.2% in the second quarter. Canada Pension Plan Investment Board now owns 271,564 shares of the company’s stock worth $29,663,000 after buying an additional 190,554 shares in the last quarter. CIBC Asset Management Inc boosted its position in Aon PLC by 99.6% in the third quarter. CIBC Asset Management Inc now owns 116,512 shares of the company’s stock worth $13,107,000 after buying an additional 58,144 shares in the last quarter. Pennsylvania Trust Co boosted its position in Aon PLC by 0.5% in the third quarter. Pennsylvania Trust Co now owns 53,473 shares of the company’s stock worth $6,015,000 after buying an additional 265 shares in the last quarter. Finally, Davis R M Inc. boosted its position in Aon PLC by 14.1% in the third quarter. Davis R M Inc. now owns 140,314 shares of the company’s stock worth $15,784,000 after buying an additional 17,307 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.
Shares of Aon PLC (NYSE:AON) traded down 1.55% on Thursday, reaching $112.28. 1,982,606 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $112.76 and its 200-day moving average price is $111.06. Aon PLC has a 52 week low of $84.24 and a 52 week high of $116.59. The stock has a market capitalization of $29.54 billion, a price-to-earnings ratio of 20.70 and a beta of 1.01.
Aon PLC (NYSE:AON) last posted its quarterly earnings results on Friday, October 28th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. The company earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Aon PLC had a return on equity of 30.61% and a net margin of 12.75%. The firm’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. Equities analysts predict that Aon PLC will post $6.49 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Monday, January 30th. Aon PLC’s dividend payout ratio (DPR) is 24.49%.
AON has been the subject of a number of research analyst reports. Barclays PLC reduced their price objective on shares of Aon PLC from $104.00 to $99.00 and set an “equal weight” rating for the company in a research report on Friday, September 30th. Citigroup Inc. upped their price objective on shares of Aon PLC from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Zacks Investment Research upgraded shares of Aon PLC from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Keefe, Bruyette & Woods upgraded shares of Aon PLC from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $118.00 to $130.00 in a research report on Monday, November 21st. Finally, Langen Mcalenn reaffirmed a “buy” rating on shares of Aon PLC in a report on Friday, December 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $115.00.
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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