Truist Financial Corp Sells 4,856 Shares of Aon plc $AON

Truist Financial Corp reduced its stake in shares of Aon plc (NYSE:AON) by 19.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,002 shares of the financial services provider’s stock after selling 4,856 shares during the quarter. Truist Financial Corp’s holdings in AON were worth $7,136,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AON. Relyea Zuckerberg Hanson LLC boosted its position in AON by 1.9% during the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider’s stock valued at $570,000 after acquiring an additional 27 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in AON by 0.9% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock worth $1,108,000 after acquiring an additional 28 shares in the last quarter. Brighton Jones LLC boosted its stake in AON by 0.4% in the 1st quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider’s stock worth $2,916,000 after purchasing an additional 29 shares in the last quarter. HHM Wealth Advisors LLC lifted its holdings in shares of AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 29 shares in the last quarter. Finally, Catalyst Financial Partners LLC lifted its stake in AON by 2.6% during the 1st quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 30 shares during the period. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup initiated coverage on AON in a report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target on the stock. TD Cowen decreased their price objective on AON from $427.00 to $419.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and raised their target price for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Wells Fargo & Company reissued an “overweight” rating and set a $438.00 target price (up previously from $436.00) on shares of AON in a research note on Thursday, July 10th. Finally, Cantor Fitzgerald raised AON to a “strong-buy” rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $415.06.

AON Trading Up 0.6%

AON stock opened at $366.15 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The stock has a market capitalization of $78.95 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. The firm’s fifty day simple moving average is $363.72 and its two-hundred day simple moving average is $363.44.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.40 by $0.09. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.93 EPS. As a group, analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 1st. AON’s dividend payout ratio is currently 24.96%.

AON 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.