Trust Co. of Vermont Raises Stake in Aon PLC (AON)

Trust Co. of Vermont lifted its stake in shares of Aon PLC (NYSE:AON) by 11.2% during the third quarter, HoldingsChannel.com reports. The fund owned 3,681 shares of the financial services provider’s stock after buying an additional 371 shares during the quarter. Trust Co. of Vermont’s holdings in AON were worth $566,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Global X Management Co LLC increased its position in shares of AON by 11.1% during the second quarter. Global X Management Co LLC now owns 3,835 shares of the financial services provider’s stock worth $526,000 after acquiring an additional 383 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of AON by 0.9% during the second quarter. Nomura Asset Management Co. Ltd. now owns 42,278 shares of the financial services provider’s stock worth $5,800,000 after acquiring an additional 390 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in shares of AON by 50.0% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 400 shares during the period. Creative Planning increased its position in shares of AON by 9.4% during the second quarter. Creative Planning now owns 5,552 shares of the financial services provider’s stock worth $762,000 after acquiring an additional 476 shares during the period. Finally, MUFG Americas Holdings Corp increased its position in shares of AON by 9.5% during the second quarter. MUFG Americas Holdings Corp now owns 6,324 shares of the financial services provider’s stock worth $867,000 after acquiring an additional 549 shares during the period. 83.46% of the stock is currently owned by institutional investors and hedge funds.

AON has been the topic of a number of recent research reports. Credit Suisse Group set a $158.00 price objective on shares of AON and gave the company a “hold” rating in a research note on Tuesday, October 9th. Citigroup increased their price objective on shares of AON from $167.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, October 12th. Raymond James upgraded shares of AON from an “underperform” rating to an “outperform” rating in a research note on Tuesday, September 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $164.00 price objective on shares of AON in a research note on Sunday, July 29th. Finally, Wells Fargo & Co set a $143.00 price objective on shares of AON and gave the company a “hold” rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $157.50.



In other news, Director Jeffrey C. Campbell bought 5,550 shares of the stock in a transaction on Monday, August 6th. The stock was bought at an average cost of $143.84 per share, for a total transaction of $798,312.00. Following the completion of the purchase, the director now directly owns 7,084 shares in the company, valued at $1,018,962.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Caroline Grace sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $150.00, for a total transaction of $600,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,750 shares of company stock valued at $1,327,685. 0.42% of the stock is owned by insiders.

NYSE AON opened at $152.31 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.63 and a current ratio of 1.63. Aon PLC has a 52-week low of $130.87 and a 52-week high of $158.77. The company has a market cap of $36.39 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99.

AON (NYSE:AON) last released its quarterly earnings data on Friday, July 27th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. AON had a net margin of 7.41% and a return on equity of 42.17%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $1.45 earnings per share. On average, equities analysts predict that Aon PLC will post 8.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be paid a $0.40 dividend. The ex-dividend date is Wednesday, October 31st. This represents a $1.60 annualized dividend and a yield of 1.05%. AON’s dividend payout ratio (DPR) is 24.54%.

About AON

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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