BNP Paribas Arbitrage SA lowered its position in shares of Aon PLC (NYSE:AON) by 43.2% during the third quarter, Holdings Channel reports. The institutional investor owned 36,991 shares of the company’s stock after selling 28,191 shares during the period. BNP Paribas Arbitrage SA’s holdings in Aon PLC were worth $4,161,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new stake in Aon PLC during the second quarter worth approximately $121,000. Hudock Capital Group LLC raised its stake in Aon PLC by 70.1% in the second quarter. Hudock Capital Group LLC now owns 1,446 shares of the company’s stock worth $157,000 after buying an additional 596 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in Aon PLC by 4.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,776 shares of the company’s stock worth $194,000 after buying an additional 81 shares in the last quarter. Chesley Taft & Associates LLC purchased a new stake in Aon PLC during the second quarter worth approximately $203,000. Finally, Tufton Capital Management purchased a new stake in Aon PLC during the second quarter worth approximately $208,000. Institutional investors own 84.02% of the company’s stock.
Shares of Aon PLC (NYSE:AON) traded down 0.91% during mid-day trading on Monday, reaching $112.78. 977,659 shares of the company traded hands. The firm has a 50 day moving average of $110.60 and a 200-day moving average of $109.56. Aon PLC has a 52 week low of $83.83 and a 52 week high of $113.97. The stock has a market capitalization of $29.67 billion, a PE ratio of 20.79 and a beta of 1.02.
Aon PLC (NYSE:AON) last issued its earnings results on Friday, October 28th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.01. The firm earned $2.70 billion during the quarter, compared to analyst estimates of $2.79 billion. Aon PLC had a net margin of 12.75% and a return on equity of 30.61%. The business’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 earnings per share. On average, equities research analysts expect that Aon PLC will post $6.50 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Friday, October 28th. Aon PLC’s dividend payout ratio is currently 24.49%.
AON has been the subject of several research reports. Jefferies Group upped their price objective on shares of Aon PLC from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Langen Mcalenn restated a “buy” rating on shares of Aon PLC in a report on Tuesday, August 2nd. 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 report on Tuesday, October 11th. Sandler O’Neill upgraded shares of Aon PLC from a “hold” rating to a “buy” rating in a report on Monday, November 7th. Finally, Barclays PLC decreased 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 report on Friday, September 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Aon PLC has a consensus rating of “Hold” and an average price target of $112.75.
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.