Aon PLC (AON) Shares Bought by Nomura Holdings Inc.
Nomura Holdings Inc. raised its stake in Aon PLC (NYSE:AON) by 603.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,184 shares of the financial services provider’s stock after buying an additional 19,890 shares during the period. Nomura Holdings Inc.’s holdings in Aon PLC were worth $3,083,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its holdings in Aon PLC by 0.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,125 shares of the financial services provider’s stock valued at $548,000 after buying an additional 15 shares in the last quarter. Ronna Sue Cohen increased its holdings in Aon PLC by 0.3% in the second quarter. Ronna Sue Cohen now owns 6,205 shares of the financial services provider’s stock valued at $825,000 after buying an additional 18 shares in the last quarter. Checchi Capital Advisers LLC increased its holdings in Aon PLC by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,251 shares of the financial services provider’s stock valued at $299,000 after buying an additional 25 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Aon PLC by 2.3% in the second quarter. Quadrant Capital Group LLC now owns 1,661 shares of the financial services provider’s stock valued at $216,000 after buying an additional 38 shares in the last quarter. Finally, LS Investment Advisors LLC increased its holdings in Aon PLC by 0.3% in the second quarter. LS Investment Advisors LLC now owns 15,833 shares of the financial services provider’s stock valued at $2,105,000 after buying an additional 40 shares in the last quarter. 84.32% of the stock is owned by institutional investors.
In other Aon PLC news, CEO Michael J. O’connor sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total value of $1,450,000.00. Following the transaction, the chief executive officer now owns 123,805 shares in the company, valued at approximately $17,951,725. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by corporate insiders.
A number of research analysts have issued reports on AON shares. Credit Suisse Group set a $133.00 target price on shares of Aon PLC and gave the company a “sell” rating in a report on Thursday, June 22nd. BidaskClub cut shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. ValuEngine raised shares of Aon PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Barclays PLC raised their price objective on shares of Aon PLC from $115.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, July 3rd. Finally, Zacks Investment Research cut shares of Aon PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $138.20.
Shares of Aon PLC (AON) traded up 0.36% during trading on Friday, hitting $149.77. 107,083 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $143.63 and its 200 day moving average is $133.40. The firm has a market capitalization of $38.09 billion, a PE ratio of 21.88 and a beta of 1.04. Aon PLC has a 1-year low of $107.19 and a 1-year high of $149.85.
Aon PLC (NYSE:AON) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the business earned $1.39 EPS. On average, equities research analysts forecast that Aon PLC will post $6.50 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.96%. Aon PLC’s dividend payout ratio is presently 20.48%.
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.
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