First National Bank & Trust Co. of Newtown Acquires 5,658 Shares of Aon plc $AON

Key Points

• First National Bank & Trust Co. of Newtown notably increased its stake in Aon plc by 565.8%, acquiring an additional 5,658 shares, bringing its total holdings to 6,658 shares valued at approximately $2.375 million.
• Several other institutional investors have also significantly increased their positions in Aon, with Portside Wealth Group LLC raising its stake by 530.6% in the first quarter of the year.
• Aon recently reported earnings per share of $3.49, exceeding expectations, while also declaring a quarterly dividend of $0.745 per share, reflecting a yield of 0.8%.

First National Bank & Trust Co. of Newtown increased its stake in shares of Aon plc (NYSE:AON - Free Report) by 565.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,658 shares of the financial services provider's stock after acquiring an additional 5,658 shares during the quarter. First National Bank & Trust Co. of Newtown's holdings in AON were worth $2,375,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Portside Wealth Group LLC lifted its position in AON by 530.6% during the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock worth $4,412,000 after buying an additional 9,302 shares in the last quarter. WCM Investment Management LLC boosted its holdings in shares of AON by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock valued at $809,544,000 after buying an additional 6,038 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in AON by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider's stock valued at $11,183,000 after purchasing an additional 1,489 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in AON by 425.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock valued at $761,000 after purchasing an additional 1,544 shares during the last quarter. Finally, Ninety One North America Inc. lifted its holdings in shares of AON by 64.4% during the first quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider's stock worth $2,986,000 after buying an additional 2,932 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AON. Piper Sandler lifted their target price on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and boosted their price objective for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Wolfe Research assumed coverage on AON in a report on Monday, September 15th. They set a "peer perform" rating for the company. Morgan Stanley upgraded AON from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $385.00 to $430.00 in a report on Thursday, September 11th. Finally, Cantor Fitzgerald upgraded AON to a "strong-buy" rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $415.06.

AON Stock Up 0.9%

AON stock opened at $359.87 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The firm has a market cap of $77.60 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 2.11 and a beta of 0.89. The stock has a fifty day simple moving average of $363.88 and a two-hundred day simple moving average of $364.39.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $3.40 by $0.09. The firm had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.93 EPS. Equities analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.745 per share. The ex-dividend date was Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. AON's dividend payout ratio is 24.96%.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.

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