ASB Consultores LLC Has $238,000 Stock Position in Aon plc (NYSE:AON)

ASB Consultores LLC reduced its position in Aon plc (NYSE:AON) by 16.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 811 shares of the financial services provider’s stock after selling 158 shares during the period. ASB Consultores LLC’s holdings in AON were worth $238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AON. Meritage Group LP bought a new stake in AON in the first quarter worth $258,471,000. Farallon Capital Management LLC bought a new stake in shares of AON during the 1st quarter worth about $210,911,000. Bank of New York Mellon Corp increased its holdings in shares of AON by 37.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock valued at $587,445,000 after acquiring an additional 548,563 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in AON by 32.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,943,733 shares of the financial services provider’s stock worth $648,663,000 after purchasing an additional 471,424 shares during the last quarter. Finally, Fiducient Advisors LLC bought a new stake in AON during the second quarter worth approximately $109,327,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Price Performance

NYSE:AON opened at $347.03 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42. The company has a 50-day moving average of $330.75 and a 200-day moving average of $311.42. Aon plc has a 52 week low of $268.06 and a 52 week high of $353.54. The company has a market capitalization of $75.46 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 2.26 and a beta of 0.92.

AON (NYSE:AON) last released its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period in the previous year, the firm posted $2.76 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.70 annualized dividend and a yield of 0.78%. AON’s dividend payout ratio is currently 21.16%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AON shares. Wells Fargo & Company boosted their price objective on shares of AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price target on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Morgan Stanley dropped their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Piper Sandler increased their target price on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised AON from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $313.00 to $380.00 in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AON presently has a consensus rating of “Hold” and an average price target of $337.27.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.