Private Trust Co. NA Has $1.19 Million Holdings in Aon plc $AON

by · The Cerbat Gem

Private Trust Co. NA trimmed its position in Aon plc (NYSE:AON – Free Report) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,335 shares of the financial services provider’s stock after selling 168 shares during the quarter. Private Trust Co. NA’s holdings in AON were worth $1,190,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AON. WCM Investment Management LLC lifted its holdings in shares of AON by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider’s stock worth $809,544,000 after acquiring an additional 6,038 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in AON by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider’s stock worth $11,183,000 after purchasing an additional 1,489 shares in the last quarter. Catalyst Capital Advisors LLC lifted its stake in AON by 425.3% during the first quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 1,544 shares during the period. Ninety One North America Inc. boosted its holdings in AON by 64.4% during the first quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider’s stock valued at $2,986,000 after purchasing an additional 2,932 shares in the last quarter. Finally, Peak Financial Advisors LLC bought a new stake in shares of AON in the 2nd quarter valued at approximately $2,464,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on AON. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. Cantor Fitzgerald upgraded shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Evercore ISI increased their target price on shares of AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Weiss Ratings restated a “buy (b-)” rating on shares of AON in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of AON from $436.00 to $433.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $420.00.

Get Our Latest Report on AON

AON Stock Up 1.1%

Shares of NYSE AON opened at $346.74 on Friday. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The firm’s 50-day simple moving average is $363.26 and its 200 day simple moving average is $361.44. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The company has a market cap of $74.77 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 2.02 and a beta of 0.89.

AON (NYSE:AON – Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter last year, the company posted $2.93 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.745 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s dividend payout ratio is currently 24.96%.

AON Company Profile

(Free Report)

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.

Further Reading

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