Fiduciary Trust Co. Has $309,000 Holdings in Aon PLC (AON)

Fiduciary Trust Co. decreased its position in shares of Aon PLC (NYSE:AON) by 9.9% in the 1st quarter, Holdings Channel reports. The firm owned 1,807 shares of the financial services provider’s stock after selling 199 shares during the quarter. Fiduciary Trust Co.’s holdings in AON were worth $309,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Aurora Investment Counsel increased its stake in shares of AON by 0.5% in the 1st quarter. Aurora Investment Counsel now owns 11,577 shares of the financial services provider’s stock valued at $1,976,000 after acquiring an additional 58 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in shares of AON by 4.7% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,578 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 71 shares in the last quarter. Westbourne Investment Advisors Inc. increased its stake in shares of AON by 2.7% in the 1st quarter. Westbourne Investment Advisors Inc. now owns 2,880 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 75 shares in the last quarter. Glenview State Bank Trust DEPT. increased its stake in shares of AON by 1.8% in the 4th quarter. Glenview State Bank Trust DEPT. now owns 4,425 shares of the financial services provider’s stock valued at $643,000 after acquiring an additional 80 shares in the last quarter. Finally, ETF Managers Group LLC increased its stake in shares of AON by 9.3% in the 1st quarter. ETF Managers Group LLC now owns 1,027 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

In related news, General Counsel Peter M. Lieb sold 5,200 shares of AON stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $178.39, for a total value of $927,628.00. Following the completion of the sale, the general counsel now owns 16,446 shares of the company’s stock, valued at approximately $2,933,801.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Eric Andersen sold 7,500 shares of AON stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.50, for a total transaction of $1,338,750.00. Following the completion of the sale, the insider now directly owns 80,941 shares of the company’s stock, valued at approximately $14,447,968.50. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.

NYSE AON opened at $180.96 on Thursday. Aon PLC has a 12-month low of $134.82 and a 12-month high of $182.60. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.09 and a quick ratio of 2.09. The firm has a market capitalization of $43.38 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.75 and a beta of 0.94.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, April 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.31. AON had a net margin of 11.08% and a return on equity of 46.15%. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter last year, the firm posted $2.97 EPS. AON’s revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts expect that Aon PLC will post 9.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.44 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.76 annualized dividend and a yield of 0.97%. This is an increase from AON’s previous quarterly dividend of $0.40. AON’s dividend payout ratio (DPR) is presently 21.57%.

Several analysts have recently weighed in on AON shares. Wells Fargo & Co reiterated a “hold” rating on shares of AON in a research note on Friday, April 5th. ValuEngine lowered shares of AON from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. MKM Partners upgraded shares of AON from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $155.00 to $200.00 in a research note on Monday, February 4th. William Blair reiterated a “market perform” rating on shares of AON in a research note on Friday, February 1st. Finally, Morgan Stanley lifted their price objective on shares of AON from $169.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 15th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $175.80.

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AON Company Profile

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

Read More: Quiet Period Expirations

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Institutional Ownership by Quarter for AON (NYSE:AON)

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