Pennsylvania Trust Co Has $6,015,000 Position in Aon PLC (AON)
Pennsylvania Trust Co increased its position in Aon PLC (NYSE:AON) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,473 shares of the company’s stock after buying an additional 265 shares during the period. Pennsylvania Trust Co’s holdings in Aon PLC were worth $6,015,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in Aon PLC by 39.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 13,690,923 shares of the company’s stock valued at $1,495,461,000 after buying an additional 3,874,247 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in Aon PLC during the second quarter valued at $159,612,000. SPF Beheer BV acquired a new stake in Aon PLC during the second quarter valued at $56,241,000. BloombergSen Inc. acquired a new stake in Aon PLC during the second quarter valued at $58,537,000. Finally, Artisan Partners Limited Partnership boosted its stake in Aon PLC by 2.2% in the second quarter. Artisan Partners Limited Partnership now owns 13,510,473 shares of the company’s stock valued at $1,475,749,000 after buying an additional 288,607 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.
Shares of Aon PLC (NYSE:AON) traded up 0.77% during mid-day trading on Tuesday, reaching $113.65. The company’s stock had a trading volume of 937,112 shares. Aon PLC has a 12 month low of $83.83 and a 12 month high of $113.99. The firm has a market cap of $29.90 billion, a price-to-earnings ratio of 20.95 and a beta of 1.02. The company’s 50-day moving average is $110.61 and its 200 day moving average is $109.67.
Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, October 28th. The company reported $1.29 earnings per share (EPS) for the quarter, topping 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 company earned $2.70 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the firm posted $1.24 EPS. The firm’s revenue was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Aon PLC will post $6.50 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, October 28th. Aon PLC’s dividend payout ratio is currently 24.49%.
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AON has been the subject of several recent analyst reports. Credit Suisse Group AG restated a “sell” rating on shares of Aon PLC in a research note on Monday, August 1st. Barclays PLC cut their target price on Aon PLC from $104.00 to $99.00 and set an “equal weight” rating for the company in a research note on Friday, September 30th. Sandler O’Neill upgraded Aon PLC from a “hold” rating to a “buy” rating in a research note on Monday, November 7th. Zacks Investment Research upgraded Aon PLC from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. Finally, Citigroup Inc. increased their price target on Aon PLC from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $112.75.
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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