Cerity Partners LLC Sells 2,225 Shares of Aon plc $AON

Cerity Partners LLC reduced its stake in shares of Aon plc (NYSE:AON) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,603 shares of the financial services provider’s stock after selling 2,225 shares during the quarter. Cerity Partners LLC’s holdings in AON were worth $13,415,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gabelli Funds LLC grew its position in AON by 0.6% during the 2nd quarter. Gabelli Funds LLC now owns 10,720 shares of the financial services provider’s stock worth $3,824,000 after acquiring an additional 65 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in shares of AON in the second quarter worth approximately $1,998,000. Quantum Portfolio Management LLC increased its stake in shares of AON by 15.8% in the second quarter. Quantum Portfolio Management LLC now owns 828 shares of the financial services provider’s stock worth $295,000 after buying an additional 113 shares during the period. Tema Etfs LLC bought a new stake in AON during the 2nd quarter valued at $1,483,000. Finally, Brown Advisory Inc. boosted its position in AON by 3.9% during the 2nd quarter. Brown Advisory Inc. now owns 6,664 shares of the financial services provider’s stock valued at $2,378,000 after buying an additional 252 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AON shares. Wolfe Research began coverage on shares of AON in a report on Monday, September 15th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. dropped their price objective on AON from $436.00 to $433.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Cantor Fitzgerald raised AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Roth Capital reaffirmed a “buy” rating and issued a $390.00 price target on shares of AON in a research note on Tuesday, November 4th. Finally, Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $385.00 to $430.00 in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $416.56.

AON Trading Down 1.8%

NYSE AON opened at $340.08 on Thursday. The firm has a market capitalization of $73.09 billion, a PE ratio of 27.25, a P/E/G ratio of 1.98 and a beta of 0.84. The stock’s 50 day moving average is $347.70 and its 200 day moving average is $356.40. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.86.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.91 by $0.14. AON had a return on equity of 48.88% and a net margin of 15.96%.The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the firm posted $2.72 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.9%. AON’s payout ratio is presently 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.