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

First National Bank & Trust Co. of Newtown acquired a new position in Aon plc (NYSE:AON - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,000 shares of the financial services provider's stock, valued at approximately $399,000.

A number of other large investors have also modified their holdings of the company. Millstone Evans Group LLC acquired a new position in AON during the 4th quarter valued at about $32,000. Tsfg LLC acquired a new position in AON during the 1st quarter valued at about $37,000. Garde Capital Inc. bought a new position in shares of AON during the 1st quarter valued at about $42,000. Nemes Rush Group LLC bought a new position in shares of AON during the 4th quarter valued at about $55,000. Finally, Orion Capital Management LLC bought a new position in shares of AON during the 4th quarter valued at about $63,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AON. Evercore ISI reduced their price objective on shares of AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Piper Sandler upgraded shares of AON from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $384.00 to $378.00 in a research report on Monday, April 28th. Redburn Atlantic upgraded shares of AON to a "hold" rating in a research report on Tuesday, March 25th. Wells Fargo & Company raised their price objective on shares of AON from $436.00 to $438.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective for the company in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $395.87.

AON Stock Up 0.6%

Shares of AON stock traded up $1.97 during trading on Thursday, hitting $358.89. 1,116,755 shares of the company were exchanged, compared to its average volume of 1,167,086. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market capitalization of $77.50 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 2.13 and a beta of 0.84. The business's 50-day simple moving average is $358.20 and its 200 day simple moving average is $370.64. Aon plc has a twelve month low of $294.01 and a twelve month high of $412.97.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). The company 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 revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.66 earnings per share. As a group, analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.745 per share. This is a boost from AON's previous quarterly dividend of $0.68. This represents a $2.98 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Thursday, May 1st. AON's dividend payout ratio (DPR) is currently 25.38%.

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.