Toronto Dominion Bank Boosts Position in Aon PLC (AON)
Toronto Dominion Bank boosted its holdings in Aon PLC (NYSE:AON) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,812 shares of the financial services provider’s stock after purchasing an additional 8,028 shares during the quarter. Toronto Dominion Bank’s holdings in Aon PLC were worth $14,142,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of AON. Parallel Advisors LLC grew its position in Aon PLC by 16.7% in the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 106 shares during the period. Fiduciary Trust Co. acquired a new stake in Aon PLC in the 2nd quarter valued at $108,000. Magellan Asset Management Ltd grew its position in Aon PLC by 110.2% in the 2nd quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 444 shares during the period. Pinnacle Financial Partners Inc. acquired a new stake in Aon PLC in the 2nd quarter valued at $126,000. Finally, MPS Loria Financial Planners LLC acquired a new stake in Aon PLC in the 2nd quarter valued at $139,000. 88.46% of the stock is owned by institutional investors and hedge funds.
Several research firms recently issued reports on AON. ValuEngine downgraded shares of Aon PLC from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub downgraded shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Barclays PLC lifted their price objective on shares of Aon PLC from $135.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, October 16th. Sandler O’Neill reaffirmed a “hold” rating on shares of Aon PLC in a report on Monday, October 30th. Finally, Zacks Investment Research downgraded shares of Aon PLC from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. Aon PLC currently has a consensus rating of “Hold” and an average price target of $144.42.
Aon PLC (NYSE AON) traded down $1.36 during midday trading on Tuesday, hitting $141.89. The stock had a trading volume of 971,700 shares, compared to its average volume of 1,079,664. The company has a market cap of $35,797.84, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.86 and a beta of 1.06. Aon PLC has a 12 month low of $109.18 and a 12 month high of $152.78. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.08.
Aon PLC (NYSE:AON) last released its earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.01. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Aon PLC had a return on equity of 32.71% and a net margin of 16.78%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.29 EPS. equities research analysts forecast that Aon PLC will post 6.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Tuesday, October 31st. Aon PLC’s payout ratio is 21.79%.
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In other news, EVP John G. Bruno sold 10,000 shares of Aon PLC stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $143.24, for a total transaction of $1,432,400.00. Following the sale, the executive vice president now directly owns 10,471 shares in the company, valued at approximately $1,499,866.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 30,000 shares of company stock worth $4,285,200 over the last quarter. Company insiders own 0.90% of the company’s stock.
About Aon PLC
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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