Equitable Trust Co. Purchases 114 Shares of Aon plc $AON

Equitable Trust Co. increased its position in shares of Aon plc (NYSE:AON) by 1.5% during the second quarter, HoldingsChannel.com reports. The firm owned 7,793 shares of the financial services provider’s stock after buying an additional 114 shares during the period. Equitable Trust Co.’s holdings in AON were worth $2,780,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AON. Vanguard Group Inc. boosted its stake in shares of AON by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock valued at $7,893,382,000 after purchasing an additional 258,699 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of AON by 18.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,034,062 shares of the financial services provider’s stock valued at $1,210,864,000 after purchasing an additional 469,238 shares in the last quarter. Polen Capital Management LLC boosted its stake in shares of AON by 318.1% in the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock valued at $1,200,350,000 after purchasing an additional 2,288,397 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of AON by 2.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390,571 shares of the financial services provider’s stock valued at $954,053,000 after purchasing an additional 61,350 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of AON by 6.1% in the 1st quarter. Northern Trust Corp now owns 2,290,619 shares of the financial services provider’s stock valued at $914,163,000 after purchasing an additional 131,676 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Trading Up 2.1%

Shares of AON opened at $360.66 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97. The firm has a market capitalization of $77.77 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 2.10 and a beta of 0.89. The stock’s fifty day simple moving average is $364.25 and its 200-day simple moving average is $362.23.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the firm posted $2.93 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, November 3rd. AON’s dividend payout ratio is 24.96%.

Analysts Set New Price Targets

AON has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Evercore ISI increased their target price on AON from $421.00 to $427.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Wells Fargo & Company decreased their target price on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $385.00 to $430.00 in a report on Thursday, September 11th. Finally, Citigroup started coverage on AON in a report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, AON has an average rating of “Moderate Buy” and a consensus target price of $420.00.

AON Profile

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.