State Street Corp boosted its stake in Aon PLC (NYSE:AON) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,176,337 shares of the company’s stock after buying an additional 1,045,503 shares during the period. State Street Corp owned 5.39% of Aon PLC worth $1,581,093,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. increased its position in Aon PLC by 0.8% in the third quarter. Carroll Financial Associates Inc. now owns 907 shares of the company’s stock valued at $102,000 after buying an additional 7 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new position in Aon PLC during the fourth quarter valued at approximately $112,000. Cornerstone Advisors Inc. increased its position in Aon PLC by 1,102.6% in the third quarter. Cornerstone Advisors Inc. now owns 1,371 shares of the company’s stock valued at $154,000 after buying an additional 1,257 shares during the last quarter. Hudock Capital Group LLC increased its position in Aon PLC by 70.1% in the second quarter. Hudock Capital Group LLC now owns 1,446 shares of the company’s stock valued at $157,000 after buying an additional 596 shares during the last quarter. Finally, SRB Corp increased its position in Aon PLC by 6.9% in the third quarter. SRB Corp now owns 1,433 shares of the company’s stock valued at $161,000 after buying an additional 92 shares during the last quarter. Institutional investors own 85.40% of the company’s stock.
Shares of Aon PLC (NYSE:AON) traded up 0.36% during mid-day trading on Friday, reaching $115.59. The company’s stock had a trading volume of 1,213,365 shares. The stock has a market capitalization of $30.70 billion, a price-to-earnings ratio of 22.40 and a beta of 1.01. The company’s 50-day moving average is $113.00 and its 200-day moving average is $111.44. Aon PLC has a 52 week low of $92.88 and a 52 week high of $117.76.
Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, February 10th. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.07. Aon PLC had a return on equity of 30.61% and a net margin of 12.75%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter in the prior year, the company earned $2.27 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. Equities analysts predict that Aon PLC will post $6.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, January 30th. Aon PLC’s dividend payout ratio is currently 25.53%.
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Several research analysts have commented on AON shares. Sandler O’Neill upgraded Aon PLC from a “hold” rating to a “buy” rating in a report on Monday, November 7th. Langen Mcalenn reiterated a “buy” rating on shares of Aon PLC in a report on Friday, December 30th. Barclays PLC reiterated a “hold” rating and issued a $110.00 price target on shares of Aon PLC in a report on Monday, January 9th. Zacks Investment Research upgraded Aon PLC from a “sell” rating to a “hold” rating in a report on Tuesday, January 17th. Finally, Keefe, Bruyette & Woods upgraded Aon PLC from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $118.00 to $130.00 in a report on Monday, November 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target 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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