PNC Financial Services Group Inc. Has $47.75 Million Stock Position in Aon plc (NYSE:AON)

PNC Financial Services Group Inc. reduced its stake in shares of Aon plc (NYSE:AON) by 1.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 132,946 shares of the financial services provider’s stock after selling 1,443 shares during the quarter. PNC Financial Services Group Inc.’s holdings in AON were worth $47,749,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new position in shares of AON during the 4th quarter worth about $29,000. Richardson Financial Services Inc. grew its position in shares of AON by 2,025.0% during the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after buying an additional 81 shares during the period. Anchor Investment Management LLC grew its position in shares of AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares during the period. First Personal Financial Services acquired a new position in shares of AON during the 3rd quarter worth about $37,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of AON during the 4th quarter worth about $39,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

AON Trading Up 0.3 %

NYSE AON opened at $402.94 on Monday. Aon plc has a 52 week low of $268.06 and a 52 week high of $412.97. The stock has a market capitalization of $87.03 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50 day moving average price is $377.28 and its two-hundred day moving average price is $367.05.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter in the previous year, the company posted $3.89 EPS. As a group, analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is presently 21.33%.

Analyst Ratings Changes

Several research firms have recently issued reports on AON. Barclays boosted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods lifted their price objective on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Finally, Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $386.21.

About AON

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.