Capital Bank & Trust Co Trims Stock Position in Aon PLC (NYSE:AON)

Capital Bank & Trust Co trimmed its holdings in shares of Aon PLC (NYSE:AON) by 2.4% in the fourth quarter, Holdings Channel reports. The firm owned 443,169 shares of the financial services provider’s stock after selling 10,900 shares during the period. AON comprises 1.2% of Capital Bank & Trust Co’s investment portfolio, making the stock its 29th largest holding. Capital Bank & Trust Co’s holdings in AON were worth $92,308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MV Capital Management Inc. lifted its holdings in shares of AON by 7.7% in the 3rd quarter. MV Capital Management Inc. now owns 3,416 shares of the financial services provider’s stock worth $661,000 after acquiring an additional 245 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of AON in the third quarter valued at $597,000. Stifel Financial Corp raised its holdings in shares of AON by 23.8% in the 3rd quarter. Stifel Financial Corp now owns 19,002 shares of the financial services provider’s stock valued at $3,685,000 after buying an additional 3,659 shares during the period. Ancora Advisors LLC raised its holdings in shares of AON by 1.9% in the 3rd quarter. Ancora Advisors LLC now owns 5,493 shares of the financial services provider’s stock valued at $1,063,000 after buying an additional 100 shares during the period. Finally, Pictet Asset Management Ltd. lifted its stake in AON by 39.6% during the 3rd quarter. Pictet Asset Management Ltd. now owns 173,599 shares of the financial services provider’s stock worth $33,604,000 after acquiring an additional 49,271 shares in the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Shares of NYSE AON traded up $0.36 during midday trading on Thursday, hitting $163.51. 75,677 shares of the company’s stock were exchanged, compared to its average volume of 2,851,554. The firm’s fifty day simple moving average is $206.58 and its 200-day simple moving average is $202.11. The company has a market cap of $38.45 billion, a PE ratio of 25.77 and a beta of 0.79. Aon PLC has a twelve month low of $143.93 and a twelve month high of $238.19. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.52 and a quick ratio of 1.52.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $2.53 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.04. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.85 billion. AON had a net margin of 13.91% and a return on equity of 55.95%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $2.16 earnings per share. Equities analysts anticipate that Aon PLC will post 10.42 EPS for the current fiscal year.

A number of analysts have issued reports on AON shares. William Blair upgraded shares of AON from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. upgraded shares of AON from a “neutral” rating to an “overweight” rating and set a $219.00 price objective for the company in a report on Monday, March 16th. Deutsche Bank cut their target price on shares of AON from $186.00 to $180.00 and set a “hold” rating on the stock in a research note on Tuesday, March 17th. MKM Partners raised their price target on shares of AON from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Cfra dropped their price target on shares of AON from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $221.90.

In other AON news, insider Michael Neller sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $160.68, for a total value of $200,850.00. Following the completion of the sale, the insider now owns 5,437 shares in the company, valued at $873,617.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Anthony R. Goland sold 15,040 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $235.00, for a total value of $3,534,400.00. Following the completion of the sale, the insider now directly owns 16,757 shares of the company’s stock, valued at $3,937,895. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,644 shares of company stock valued at $4,285,545. 0.92% of the stock is owned by corporate insiders.

About AON

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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