First National Bank & Trust Co. of Newtown Buys New Position in Aon plc (NYSE:AON)

First National Bank & Trust Co. of Newtown purchased a new position in Aon plc (NYSE:AON - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,000 shares of the financial services provider's stock, valued at approximately $399,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AON. Millstone Evans Group LLC purchased a new stake in shares of AON in the fourth quarter valued at approximately $32,000. Tsfg LLC purchased a new stake in shares of AON during the first quarter worth approximately $37,000. Garde Capital Inc. purchased a new stake in shares of AON during the first quarter worth approximately $42,000. Nemes Rush Group LLC purchased a new stake in shares of AON during the fourth quarter worth approximately $55,000. Finally, Orion Capital Management LLC acquired a new position in AON during the fourth quarter worth $63,000. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Stock Up 0.6%

AON stock traded up $2.08 during midday trading on Wednesday, hitting $356.65. The stock had a trading volume of 875,084 shares, compared to its average volume of 1,166,036. The stock has a market cap of $77.02 billion, a P/E ratio of 30.38, a P/E/G ratio of 2.11 and a beta of 0.84. The business has a fifty day moving average price of $358.02 and a 200 day moving average price of $370.74. Aon plc has a 12 month low of $292.45 and a 12 month high of $412.97. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.26.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.04 by ($0.37). The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a return on equity of 52.71% and a net margin of 15.58%. The business's quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.66 earnings per share. Research analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.745 per share. This is an increase from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, May 1st. AON's payout ratio is 25.38%.

Analyst Upgrades and Downgrades

AON has been the topic of a number of recent research reports. Redburn Atlantic raised AON to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. upped their price target on AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Barclays decreased their price target on AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a research note on Monday. Redburn Partners set a $445.00 price target on AON in a research note on Tuesday, March 25th. Finally, Jefferies Financial Group upped their price target on AON from $396.00 to $416.00 and gave the company a "hold" rating in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $396.33.

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.