Aon plc $AON Shares Sold by Avalon Trust Co

Avalon Trust Co decreased its holdings in Aon plc (NYSE:AON) by 10.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,781 shares of the financial services provider’s stock after selling 4,510 shares during the quarter. AON makes up 1.0% of Avalon Trust Co’s portfolio, making the stock its 26th biggest position. Avalon Trust Co’s holdings in AON were worth $14,192,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. U.S. Capital Wealth Advisors LLC grew its position in shares of AON by 0.9% in the 2nd 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. HHM Wealth Advisors LLC grew its position in AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after buying an additional 29 shares in the last quarter. Sunflower Bank N.A. raised its holdings in AON by 1.8% during the second quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock worth $598,000 after purchasing an additional 30 shares in the last quarter. MBL Wealth LLC boosted its stake in AON by 2.1% during the first quarter. MBL Wealth LLC now owns 1,503 shares of the financial services provider’s stock valued at $600,000 after buying an additional 31 shares in the last quarter. Finally, Focus Financial Network Inc. raised its holdings in shares of AON by 5.7% in the 2nd quarter. Focus Financial Network Inc. now owns 577 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AON. Keefe, Bruyette & Woods reduced their price objective on shares of AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research note on Tuesday, November 4th. UBS Group decreased their target price on shares of AON from $400.00 to $390.00 and set a “neutral” rating for the company in a research report on Monday. Wolfe Research started coverage on shares of AON in a research report on Monday, September 15th. They issued a “peer perform” rating on the stock. Citigroup upgraded AON from a “neutral” rating to a “buy” rating and set a $402.00 price target for the company in a report on Monday, November 3rd. Finally, Wells Fargo & Company reduced their target price on shares of AON from $451.00 to $448.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, AON currently has a consensus rating of “Moderate Buy” and an average target price of $419.13.

AON Stock Performance

AON stock opened at $350.17 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $75.26 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 1.92 and a beta of 0.86. The stock has a 50-day simple moving average of $352.72 and a 200 day simple moving average of $357.57. Aon plc has a 12-month low of $323.73 and a 12-month high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the business earned $2.72 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, November 3rd. AON’s dividend payout ratio (DPR) is currently 23.88%.

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.