Huntington National Bank reduced its stake in shares of Aon PLC (NYSE:AON) by 27.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 11,863 shares of the company’s stock after selling 4,531 shares during the period. Huntington National Bank’s holdings in Aon PLC were worth $1,295,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. Ronna Sue Cohen boosted its position in Aon PLC by 0.3% in the second quarter. Ronna Sue Cohen now owns 6,133 shares of the company’s stock valued at $670,000 after buying an additional 19 shares during the period. Checchi Capital Advisers LLC boosted its position in Aon PLC by 4.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,776 shares of the company’s stock valued at $194,000 after buying an additional 81 shares during the period. Bremer Trust National Association boosted its position in Aon PLC by 8.1% in the second quarter. Bremer Trust National Association now owns 3,139 shares of the company’s stock valued at $343,000 after buying an additional 234 shares during the period. Capital Analysts LLC boosted its position in Aon PLC by 8.2% in the second quarter. Capital Analysts LLC now owns 3,595 shares of the company’s stock valued at $393,000 after buying an additional 272 shares during the period. Finally, Seven Bridges Advisors LLC boosted its position in Aon PLC by 2.2% in the second quarter. Seven Bridges Advisors LLC now owns 13,842 shares of the company’s stock valued at $1,512,000 after buying an additional 302 shares during the period. 84.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of Aon PLC (NYSE:AON) traded down 0.65% during midday trading on Monday, reaching $109.97. The company’s stock had a trading volume of 927,387 shares. The firm has a market capitalization of $29.21 billion, a P/E ratio of 20.71 and a beta of 1.02. Aon PLC has a 12-month low of $83.83 and a 12-month high of $113.78. The stock has a 50-day moving average of $111.25 and a 200 day moving average of $108.28.
Aon PLC (NYSE:AON) last posted its earnings results on Friday, July 29th. The company reported $1.39 earnings per share for the quarter, meeting the consensus estimate of $1.39. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.85 billion. Aon PLC had a net margin of 12.65% and a return on equity of 30.10%. Aon PLC’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 EPS. Equities research analysts predict that Aon PLC will post $6.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.20%. Aon PLC’s payout ratio is 24.95%.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Aon PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Langen Mcalenn reissued a “buy” rating on shares of Aon PLC in a report on Tuesday, August 2nd. Credit Suisse Group AG reissued a “sell” rating on shares of Aon PLC in a report on Monday, August 1st. BMO Capital Markets reissued a “market perform” rating and set a $115.00 price target (up from $107.00) on shares of Aon PLC in a report on Tuesday, July 12th. Finally, MKM Partners cut Aon PLC from a “buy” rating to a “neutral” rating and set a $115.00 price target on the stock. in a report on Tuesday, August 9th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $108.75.
In other Aon PLC news, CEO Stephen P. Mcgill sold 46,698 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 252,071 shares in the company, valued at approximately $27,327,017.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.
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.