Victory Capital Management Inc. Has $875,000 Stake in Aon PLC (AON)
Victory Capital Management Inc. grew its stake in Aon PLC (NYSE:AON) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,579 shares of the financial services provider’s stock after buying an additional 369 shares during the quarter. Victory Capital Management Inc.’s holdings in Aon PLC were worth $875,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Longview Partners Guernsey LTD lifted its holdings in shares of Aon PLC by 1.7% in the 2nd quarter. Longview Partners Guernsey LTD now owns 6,700,077 shares of the financial services provider’s stock valued at $890,775,000 after buying an additional 114,690 shares during the period. Mawer Investment Management Ltd. lifted its holdings in shares of Aon PLC by 2.5% in the 2nd 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. Boston Partners lifted its holdings in shares of Aon PLC by 1.3% in the 2nd quarter. Boston Partners now owns 3,066,684 shares of the financial services provider’s stock valued at $407,715,000 after buying an additional 39,993 shares during the period. Tesco Pension Investment Ltd lifted its holdings in shares of Aon PLC by 4.2% in the 2nd quarter. Tesco Pension Investment Ltd now owns 1,530,405 shares of the financial services provider’s stock valued at $203,467,000 after buying an additional 61,907 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Aon PLC by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 1,347,737 shares of the financial services provider’s stock valued at $179,183,000 after buying an additional 58,225 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.
Shares of Aon PLC (AON) opened at 143.31 on Friday. The firm’s 50-day moving average price is $139.43 and its 200 day moving average price is $129.45. Aon PLC has a 1-year low of $107.19 and a 1-year high of $144.81. The stock has a market capitalization of $36.45 billion, a price-to-earnings ratio of 20.93 and a beta of 1.02.
Aon PLC (NYSE:AON) last posted its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.45. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same period last year, the firm earned $1.39 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts expect that Aon PLC will post $6.50 earnings per share for the current fiscal year.
AON has been the subject of several analyst reports. Zacks Investment Research raised Aon PLC from a “hold” rating to a “buy” rating and set a $146.00 price objective for the company in a report on Tuesday, May 30th. Jefferies Group LLC reissued a “buy” rating and issued a $146.00 price objective on shares of Aon PLC in a report on Friday, June 16th. Janney Montgomery Scott cut Aon PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. Langen Mcalenn cut Aon PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. Finally, Credit Suisse Group set a $133.00 price target on Aon PLC and gave the company a “sell” rating in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $139.00.
In other news, CEO Michael J. O’connor sold 10,000 shares of Aon PLC stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the completion of the sale, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,367,365.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.
Aon PLC 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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