Logan Capital Management Inc. Has $372,000 Position in Aon PLC (AON)
Logan Capital Management Inc. held its stake in shares of Aon PLC (NYSE:AON) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,797 shares of the financial services provider’s stock at the end of the 2nd quarter. Logan Capital Management Inc.’s holdings in Aon PLC were worth $372,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in AON. Parallel Advisors LLC boosted its stake in 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 during the last quarter. FNY Partners Fund LP acquired a new stake in Aon PLC during the 1st quarter worth $106,000. Fiduciary Trust Co. acquired a new stake in Aon PLC during the 2nd quarter worth $108,000. Magellan Asset Management Ltd boosted its stake in 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 during the last quarter. Finally, Pinnacle Financial Partners Inc. acquired a new stake in Aon PLC during the 2nd quarter worth $126,000. 84.32% of the stock is currently owned by institutional investors.
Aon PLC (AON) traded up 0.02% on Thursday, hitting $146.68. The stock had a trading volume of 105,234 shares. Aon PLC has a one year low of $107.19 and a one year high of $147.66. The stock has a market cap of $37.31 billion, a price-to-earnings ratio of 21.43 and a beta of 1.04. The stock’s 50 day moving average is $142.01 and its 200 day moving average is $132.22.
Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, meeting analysts’ consensus estimates of $1.45. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share. Analysts anticipate that Aon PLC will post $6.50 earnings per share for the current year.
In related news, CEO Michael J. O’connor sold 10,000 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the sale, the chief executive officer now owns 123,805 shares of the company’s stock, valued at $17,951,725. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is owned by company insiders.
AON has been the topic of several recent research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $146.00 target price on shares of Aon PLC in a research note on Friday, June 16th. Deutsche Bank AG lifted their target price on shares of Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. BidaskClub cut shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research cut shares of Aon PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Credit Suisse Group set a $133.00 target price on shares of Aon PLC and gave the stock a “sell” rating in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $138.20.
COPYRIGHT VIOLATION WARNING: “Logan Capital Management Inc. Has $372,000 Position in Aon PLC (AON)” was reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.watchlistnews.com/logan-capital-management-inc-has-372000-position-in-aon-plc-aon/1610361.html.
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.
Receive News & Ratings for Aon PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aon PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.