Cozad Asset Management Inc. bought a new stake in shares of Aon PLC (NYSE:AON) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,528 shares of the financial services provider’s stock, valued at approximately $347,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its holdings in AON by 7.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 21,250,960 shares of the financial services provider’s stock valued at $2,914,992,000 after acquiring an additional 1,436,583 shares during the period. Principal Financial Group Inc. raised its position in AON by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 6,079,415 shares of the financial services provider’s stock valued at $853,124,000 after purchasing an additional 23,060 shares in the last quarter. Mawer Investment Management Ltd. raised its position in AON by 2.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 5,522,249 shares of the financial services provider’s stock valued at $757,487,000 after purchasing an additional 154,272 shares in the last quarter. Boston Partners raised its position in AON by 1.8% in the 2nd quarter. Boston Partners now owns 2,598,538 shares of the financial services provider’s stock valued at $356,441,000 after purchasing an additional 45,026 shares in the last quarter. Finally, Cantillon Capital Management LLC raised its position in AON by 53.2% in the 2nd quarter. Cantillon Capital Management LLC now owns 1,397,690 shares of the financial services provider’s stock valued at $191,721,000 after purchasing an additional 485,561 shares in the last quarter. Institutional investors own 83.41% of the company’s stock.
AON stock opened at $151.97 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $36.66 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.61 and a beta of 1.04. Aon PLC has a 1 year low of $130.87 and a 1 year high of $152.78.
AON (NYSE:AON) last posted its quarterly earnings results on Friday, July 27th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. AON had a return on equity of 42.17% and a net margin of 7.41%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the company earned $1.45 EPS. AON’s revenue for the quarter was up 9.8% compared to the same quarter last year. equities analysts forecast that Aon PLC will post 8.06 EPS for the current fiscal year.
In other news, insider Michael Neller sold 750 shares of the firm’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $143.58, for a total transaction of $107,685.00. Following the sale, the insider now owns 787 shares of the company’s stock, valued at approximately $112,997.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey C. Campbell bought 5,550 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were acquired at an average cost of $143.84 per share, for a total transaction of $798,312.00. Following the transaction, the director now directly owns 7,084 shares in the company, valued at approximately $1,018,962.56. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by company insiders.
AON has been the topic of a number of analyst reports. Credit Suisse Group initiated coverage on AON in a research report on Tuesday, August 7th. They issued a “neutral” rating and a $154.00 price target on the stock. Zacks Investment Research raised AON from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a research report on Tuesday, June 5th. Wells Fargo & Co set a $143.00 price target on AON and gave the company a “hold” rating in a research report on Thursday, May 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $164.00 price target on shares of AON in a research report on Sunday, July 29th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $155.13.
AON Company Profile
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
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