Moody National Bank Trust Division Takes $609,000 Position in Aon plc (NYSE:AON)

Moody National Bank Trust Division purchased a new stake in shares of Aon plc (NYSE:AONGet Rating) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,259 shares of the financial services provider’s stock, valued at approximately $609,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. McLean Asset Management Corp grew its position in AON by 4.4% during the first quarter. McLean Asset Management Corp now owns 847 shares of the financial services provider’s stock valued at $276,000 after buying an additional 36 shares during the period. Bar Harbor Trust Services boosted its position in AON by 1.1% during the first quarter. Bar Harbor Trust Services now owns 3,784 shares of the financial services provider’s stock worth $1,232,000 after purchasing an additional 43 shares during the period. Checchi Capital Advisers LLC boosted its position in AON by 2.1% during the first quarter. Checchi Capital Advisers LLC now owns 2,084 shares of the financial services provider’s stock worth $679,000 after purchasing an additional 43 shares during the period. Quadrant Capital Group LLC boosted its position in AON by 2.3% during the first quarter. Quadrant Capital Group LLC now owns 1,942 shares of the financial services provider’s stock worth $632,000 after purchasing an additional 44 shares during the period. Finally, CX Institutional boosted its position in AON by 0.3% during the first quarter. CX Institutional now owns 14,246 shares of the financial services provider’s stock worth $4,639,000 after purchasing an additional 45 shares during the period. Institutional investors own 86.51% of the company’s stock.

AON Trading Down 1.1 %

Shares of AON opened at $277.12 on Monday. The firm’s 50 day simple moving average is $285.26 and its 200 day simple moving average is $289.43. The company has a market capitalization of $58.45 billion, a P/E ratio of 39.76 and a beta of 0.90. The company has a debt-to-equity ratio of 12.27, a current ratio of 1.88 and a quick ratio of 1.88. Aon plc has a 1-year low of $246.21 and a 1-year high of $341.98.

AON (NYSE:AONGet Rating) last announced its earnings results on Friday, July 29th. The financial services provider reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.06. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3.01 billion. AON had a net margin of 11.96% and a return on equity of 204.19%. AON’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $2.29 earnings per share. Sell-side analysts forecast that Aon plc will post 13.2 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Monday, August 1st were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Friday, July 29th. AON’s dividend payout ratio (DPR) is presently 32.14%.

Insiders Place Their Bets

In other AON news, Director Byron Spruell purchased 400 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were purchased at an average cost of $291.72 per share, with a total value of $116,688.00. Following the completion of the purchase, the director now owns 2,743 shares of the company’s stock, valued at approximately $800,187.96. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Byron Spruell bought 400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were bought at an average cost of $291.72 per share, with a total value of $116,688.00. Following the completion of the purchase, the director now directly owns 2,743 shares in the company, valued at $800,187.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Darren Zeidel sold 111 shares of AON stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $290.00, for a total transaction of $32,190.00. Following the completion of the transaction, the general counsel now directly owns 15,129 shares in the company, valued at $4,387,410. The disclosure for this sale can be found here. Insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AON. The Goldman Sachs Group began coverage on shares of AON in a research report on Tuesday, July 12th. They set a “neutral” rating and a $301.00 target price for the company. Morgan Stanley lowered shares of AON from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $320.00 to $250.00 in a research report on Friday, June 3rd. Jefferies Financial Group cut their price objective on shares of AON from $316.00 to $296.00 and set a “hold” rating for the company in a research report on Tuesday, July 12th. Finally, TheStreet lowered shares of AON from a “b” rating to a “c+” rating in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $303.70.

AON Profile

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Aon Plc operates as a global professional services firm. It provides advice and solutions to clients focused on risk, retirement, and health through the following products and services: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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