Stratos Wealth Partners LTD. Has $410,000 Stake in Aon PLC (NYSE:AON)
Stratos Wealth Partners LTD. raised its stake in Aon PLC (NYSE:AON) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,084 shares of the financial services provider’s stock after buying an additional 66 shares during the period. Stratos Wealth Partners LTD.’s holdings in Aon PLC were worth $410,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. increased its position in Aon PLC by 27.8% in the second quarter. Sei Investments Co. now owns 405,830 shares of the financial services provider’s stock valued at $53,955,000 after buying an additional 88,224 shares during the period. Foster & Motley Inc. acquired a new position in Aon PLC during the second quarter valued at approximately $202,000. Mawer Investment Management Ltd. increased its position in Aon PLC by 2.5% in the second quarter. Mawer Investment Management Ltd. now owns 5,131,164 shares of the financial services provider’s stock valued at $682,188,000 after buying an additional 122,803 shares during the period. Egerton Capital UK LLP acquired a new position in Aon PLC during the second quarter valued at approximately $45,094,000. Finally, Mitchell Capital Management Co. acquired a new position in Aon PLC during the second quarter valued at approximately $202,000. 86.41% of the stock is owned by institutional investors.
Aon PLC (AON) opened at 138.77 on Tuesday. The company has a market capitalization of $36.37 billion, a P/E ratio of 27.41 and a beta of 1.03. Aon PLC has a one year low of $107.19 and a one year high of $141.30. The firm has a 50-day moving average of $135.80 and a 200 day moving average of $123.89.
Aon PLC (NYSE:AON) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.45. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 earnings per share. On average, equities analysts forecast that Aon PLC will post $6.49 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid a $0.36 dividend. The ex-dividend date is Friday, July 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.04%. Aon PLC’s dividend payout ratio (DPR) is presently 20.48%.
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Several research firms recently commented on AON. Citigroup Inc. raised their price objective on shares of Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $143.00 price objective on shares of Aon PLC in a report on Sunday. Wells Fargo & Company reaffirmed a “hold” rating on shares of Aon PLC in a report on Friday. BidaskClub downgraded shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $162.00 price objective (up from $146.00) on shares of Aon PLC in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $136.17.
In other news, EVP Peter M. Lieb sold 2,000 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $130.40, for a total value of $260,800.00. Following the completion of the sale, the executive vice president now directly owns 20,216 shares of the company’s stock, valued at $2,636,166.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $126.19, for a total transaction of $504,760.00. Following the completion of the sale, the senior vice president now directly owns 16,314 shares of the company’s stock, valued at $2,058,663.66. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.
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.
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