Hemenway Trust Co LLC Has $250,000 Position in Aon plc (NYSE:AON)

Hemenway Trust Co LLC reduced its stake in shares of Aon plc (NYSE:AON) by 11.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 750 shares of the financial services provider’s stock after selling 100 shares during the quarter. Hemenway Trust Co LLC’s holdings in AON were worth $250,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AON. Norges Bank acquired a new position in shares of AON during the 4th quarter worth about $423,030,000. The Manufacturers Life Insurance Company grew its position in shares of AON by 44.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 950,153 shares of the financial services provider’s stock valued at $276,514,000 after purchasing an additional 290,936 shares during the period. Assenagon Asset Management S.A. grew its position in shares of AON by 401.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 344,891 shares of the financial services provider’s stock valued at $115,097,000 after purchasing an additional 276,131 shares during the period. FIL Ltd grew its position in shares of AON by 36.1% in the 4th quarter. FIL Ltd now owns 1,030,177 shares of the financial services provider’s stock valued at $299,802,000 after purchasing an additional 273,141 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of AON by 14.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,472,309 shares of the financial services provider’s stock valued at $428,280,000 after purchasing an additional 182,688 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Trading Up 0.5 %

Shares of AON stock traded up $1.39 on Thursday, reaching $296.80. 996,861 shares of the company were exchanged, compared to its average volume of 1,291,359. Aon plc has a one year low of $268.06 and a one year high of $344.68. The company has a market capitalization of $64.53 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.98 and a beta of 0.91. The company has a 50-day moving average of $289.79 and a 200 day moving average of $301.83.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the company earned $5.17 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts predict that Aon plc will post 15.46 earnings per share for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.91%. AON’s payout ratio is presently 21.16%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AON. Royal Bank of Canada reiterated a “sector perform” rating and issued a $315.00 price objective on shares of AON in a research report on Tuesday, June 18th. Morgan Stanley decreased their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research report on Wednesday. Citigroup assumed coverage on AON in a research report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price objective for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $311.00 target price on shares of AON in a research note on Tuesday, May 28th. Finally, Bank of America cut AON from a “neutral” rating to an “underperform” rating and cut their target price for the company from $345.00 to $306.00 in a research note on Wednesday, May 22nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, AON has a consensus rating of “Hold” and a consensus target price of $321.36.

Insider Buying and Selling

In other AON news, Director Lester B. Knight bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $276.61 per share, with a total value of $2,766,100.00. Following the acquisition, the director now owns 139,000 shares of the company’s stock, valued at $38,448,790. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.15% of the stock is owned by insiders.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.