Aon PLC (AON) Position Raised by TD Asset Management Inc.
TD Asset Management Inc. increased its position in Aon PLC (NYSE:AON) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,854 shares of the company’s stock after buying an additional 562 shares during the period. TD Asset Management Inc.’s holdings in Aon PLC were worth $34,518,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of AON. Carroll Financial Associates Inc. increased its stake in shares of Aon PLC by 0.8% in the third quarter. Carroll Financial Associates Inc. now owns 907 shares of the company’s stock worth $102,000 after buying an additional 7 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Aon PLC by 0.5% in the third quarter. Quadrant Capital Group LLC now owns 1,619 shares of the company’s stock worth $178,000 after buying an additional 8 shares in the last quarter. Ronna Sue Cohen increased its stake in shares of Aon PLC by 0.3% in the third quarter. Ronna Sue Cohen now owns 6,151 shares of the company’s stock worth $692,000 after buying an additional 18 shares in the last quarter. FTB Advisors Inc. increased its stake in shares of Aon PLC by 2.9% in the third quarter. FTB Advisors Inc. now owns 2,264 shares of the company’s stock worth $255,000 after buying an additional 64 shares in the last quarter. Finally, Advisor Partners LLC increased its stake in shares of Aon PLC by 2.5% in the second quarter. Advisor Partners LLC now owns 3,215 shares of the company’s stock worth $351,000 after buying an additional 77 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of Aon PLC (NYSE:AON) traded up 0.12% on Tuesday, hitting $112.92. The stock had a trading volume of 114,046 shares. The company has a market capitalization of $29.71 billion, a PE ratio of 20.82 and a beta of 1.02. Aon PLC has a 1-year low of $83.83 and a 1-year high of $113.97. The firm has a 50-day moving average of $110.61 and a 200 day moving average of $109.67.
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 analysts’ consensus estimates of $1.28 by $0.01. Aon PLC had a net margin of 12.75% and a return on equity of 30.61%. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Aon PLC will post $6.50 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were issued a dividend of $0.33 per share. The ex-dividend date was Friday, October 28th. This represents a $1.32 dividend on an annualized basis and a yield of 1.17%. Aon PLC’s payout ratio is 24.49%.
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A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Aon PLC from a “hold” rating to a “sell” rating in a report on Wednesday, November 2nd. Langen Mcalenn reaffirmed a “buy” rating on shares of Aon PLC in a report on Tuesday, August 2nd. Credit Suisse Group AG reaffirmed a “sell” rating on shares of Aon PLC in a report on Monday, August 1st. Sandler O’Neill raised Aon PLC from a “hold” rating to a “buy” rating in a report on Monday, November 7th. Finally, MKM Partners downgraded Aon PLC from a “buy” rating to a “neutral” rating and set a $115.00 target price on the stock. in a report on Tuesday, August 9th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Aon PLC currently has a consensus rating of “Hold” and a consensus target price of $112.75.
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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