FTB Advisors Inc. Has $253,000 Stake in Aon PLC (AON)
FTB Advisors Inc. lessened its stake in shares of Aon PLC (NYSE:AON) by 13.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,900 shares of the financial services provider’s stock after selling 300 shares during the period. FTB Advisors Inc.’s holdings in Aon PLC were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in Aon PLC by 16.7% in the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock valued at $102,000 after buying an additional 106 shares during the period. FNY Partners Fund LP purchased a new stake in Aon PLC in the 1st quarter valued at about $106,000. Fiduciary Trust Co. purchased a new stake in Aon PLC in the 2nd quarter valued at about $108,000. Magellan Asset Management Ltd raised its holdings in Aon PLC by 110.2% in the 2nd quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock valued at $113,000 after buying an additional 444 shares during the period. Finally, Pinnacle Financial Partners Inc. purchased a new stake in Aon PLC in the 2nd quarter valued at about $126,000. Institutional investors and hedge funds own 84.32% of the company’s stock.
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In related news, CEO Michael J. O’connor sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the sale, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,367,365.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.90% of the company’s stock.
AON has been the topic of several research analyst reports. Royal Bank Of Canada restated a “hold” rating and issued a $143.00 price objective on shares of Aon PLC in a report on Wednesday, September 6th. Deutsche Bank AG boosted their price objective on shares of Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. Credit Suisse Group set a $133.00 price objective on shares of Aon PLC and gave the company a “sell” rating in a report on Thursday, June 22nd. Barclays PLC boosted their price objective on shares of Aon PLC from $115.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, July 3rd. Finally, ValuEngine upgraded shares of Aon PLC from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. Aon PLC presently has a consensus rating of “Hold” and an average target price of $138.20.
Aon PLC (AON) traded up 0.14% during trading on Friday, reaching $146.84. The company’s stock had a trading volume of 752,457 shares. The company has a market capitalization of $37.35 billion, a P/E ratio of 21.45 and a beta of 1.04. Aon PLC has a 1-year low of $107.19 and a 1-year high of $147.66. The company’s 50-day moving average is $142.51 and its 200-day moving average is $132.53.
Aon PLC (NYSE:AON) last announced its earnings results on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, meeting the consensus estimate of $1.45. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the business posted $1.39 EPS. Equities analysts anticipate that Aon PLC will post $6.50 EPS for the current year.
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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