VNBTrust National Association held its stake in Aon PLC (NYSE:AON) during the second quarter, Holdings Channel reports. The institutional investor owned 3,900 shares of the company’s stock at the end of the second quarter. VNBTrust National Association’s holdings in Aon PLC were worth $426,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in AON. Retirement Systems of Alabama increased its stake in Aon PLC by 110.8% in the second quarter. Retirement Systems of Alabama now owns 288,708 shares of the company’s stock valued at $31,536,000 after buying an additional 151,775 shares during the period. Genesee Valley Trust Co. purchased a new stake in Aon PLC during the second quarter valued at $459,000. Chesley Taft & Associates LLC purchased a new stake in Aon PLC during the second quarter valued at $203,000. IFP Advisors Inc increased its stake in Aon PLC by 141.2% in the first quarter. IFP Advisors Inc now owns 3,189 shares of the company’s stock valued at $333,000 after buying an additional 1,867 shares during the period. Finally, Seven Bridges Advisors LLC increased its stake in Aon PLC by 2.2% in the second quarter. Seven Bridges Advisors LLC now owns 13,842 shares of the company’s stock valued at $1,512,000 after buying an additional 302 shares during the period. 84.51% of the stock is currently owned by institutional investors.
Shares of Aon PLC (NYSE:AON) traded up 0.70% during mid-day trading on Tuesday, reaching $112.40. The company had a trading volume of 876,119 shares. Aon PLC has a 12-month low of $83.83 and a 12-month high of $113.78. The company has a market capitalization of $29.85 billion, a P/E ratio of 21.16 and a beta of 1.06. The firm has a 50-day moving average of $110.46 and a 200-day moving average of $107.25.
Aon PLC (NYSE:AON) last released its earnings results on Friday, July 29th. The company reported $1.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.39. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Aon PLC had a return on equity of 30.10% and a net margin of 12.65%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 earnings per share. On average, equities analysts anticipate that Aon PLC will post $6.49 earnings per share for the current fiscal year.
AON has been the topic of several recent research reports. Zacks Investment Research raised Aon PLC from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a report on Monday, July 4th. Credit Suisse Group AG set a $90.00 target price on Aon PLC and gave the stock a “sell” rating in a report on Monday, September 12th. Jefferies Group lifted their target price on Aon PLC from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, August 1st. MKM Partners downgraded Aon PLC from a “buy” rating to a “neutral” rating and set a $115.00 target price on the stock. in a report on Tuesday, August 9th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Aon PLC in a report on Tuesday, June 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $108.73.
In other Aon PLC news, CEO Stephen P. Mcgill sold 46,698 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $108.41, for a total transaction of $5,062,530.18. Following the completion of the sale, the chief executive officer now directly owns 252,071 shares in the company, valued at $27,327,017.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.
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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