Aon PLC (AON) Position Raised by First National Trust Co.
First National Trust Co. raised its stake in shares of Aon PLC (NYSE:AON) by 47.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,416 shares of the company’s stock after buying an additional 1,412 shares during the period. First National Trust Co.’s holdings in Aon PLC were worth $482,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. BloombergSen Inc. acquired a new stake in Aon PLC during the second quarter valued at about $58,537,000. PGGM Investments acquired a new stake in Aon PLC during the second quarter valued at about $31,372,000. Bank of Montreal Can acquired a new stake in Aon PLC during the second quarter valued at about $24,976,000. Strs Ohio raised its stake in Aon PLC by 2,290.5% in the second quarter. Strs Ohio now owns 169,322 shares of the company’s stock valued at $18,495,000 after buying an additional 162,239 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in Aon PLC by 110.8% in the second quarter. Retirement Systems of Alabama now owns 288,708 shares of the company’s stock valued at $31,536,000 after buying an additional 151,775 shares in the last quarter. Hedge funds and other institutional investors own 84.51% of the company’s stock.
Shares of Aon PLC (NYSE:AON) traded up 0.33% during midday trading on Wednesday, hitting $111.75. The company’s stock had a trading volume of 578,131 shares. The firm has a market cap of $29.68 billion, a P/E ratio of 21.04 and a beta of 1.02. The stock’s 50 day moving average is $110.87 and its 200-day moving average is $107.77. Aon PLC has a 52-week low of $83.83 and a 52-week high of $113.78.
Aon PLC (NYSE:AON) last posted its earnings results on Friday, July 29th. The company reported $1.39 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.39. Aon PLC had a net margin of 12.65% and a return on equity of 30.10%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the firm earned $1.31 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities analysts predict that Aon PLC will post $6.49 EPS for the current fiscal year.
Several analysts have issued reports on AON shares. Credit Suisse Group AG restated an “underperform” rating on shares of Aon PLC in a research note on Wednesday, July 6th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Aon PLC in a research note on Tuesday, June 7th. Zacks Investment Research lowered Aon PLC from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Barclays PLC dropped their price objective on Aon PLC from $104.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Friday, September 30th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $115.00 price objective (up previously from $107.00) on shares of Aon PLC in a research note on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Aon PLC presently has an average rating of “Hold” and a consensus target price of $107.92.
In other Aon PLC news, CEO Stephen P. Mcgill sold 46,698 shares of Aon PLC stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $108.41, for a total transaction of $5,062,530.18. Following the transaction, the chief executive officer now owns 252,071 shares of the company’s stock, valued at approximately $27,327,017.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.
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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