Trustmark National Bank Trust Department Continues to Hold Position in Aon PLC (AON)
Trustmark National Bank Trust Department held its stake in Aon PLC (NYSE:AON) during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,591 shares of the financial services provider’s stock at the end of the second quarter. Trustmark National Bank Trust Department’s holdings in Aon PLC were worth $345,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in AON. Parallel Advisors LLC grew its position in shares of Aon PLC by 16.7% during the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 106 shares in the last quarter. FNY Partners Fund LP acquired a new position in shares of Aon PLC during the 1st quarter worth approximately $106,000. Fiduciary Trust Co. acquired a new position in shares of Aon PLC during the 2nd quarter worth approximately $108,000. Magellan Asset Management Ltd grew its position in shares of Aon PLC by 110.2% during the 2nd quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 444 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. acquired a new position in shares of Aon PLC during the 2nd quarter worth approximately $126,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.
A number of brokerages have issued reports on AON. Royal Bank Of Canada restated a “hold” rating and set a $143.00 target price on shares of Aon PLC in a research report on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating on shares of Aon PLC in a research report on Tuesday, September 5th. ValuEngine upgraded shares of Aon PLC from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub lowered shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Finally, Deutsche Bank AG increased their target price on shares of Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Aon PLC currently has a consensus rating of “Hold” and a consensus price target of $139.00.
In other Aon PLC 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 $17,367,365.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.90% of the company’s stock.
Shares of Aon PLC (NYSE:AON) traded up 0.96% during trading on Wednesday, reaching $145.83. 242,738 shares of the company traded hands. The stock has a market capitalization of $37.09 billion, a PE ratio of 21.30 and a beta of 1.02. Aon PLC has a 12-month low of $107.19 and a 12-month high of $145.88. The firm’s 50-day moving average is $139.76 and its 200-day moving average is $130.04.
Aon PLC (NYSE:AON) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, meeting the consensus estimate of $1.45. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. Aon PLC’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 earnings per share. On average, equities analysts predict that Aon PLC will post $6.50 earnings per share for the current fiscal year.
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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