Fidelis Capital Partners LLC Sells 1,094 Shares of Aon plc (NYSE:AON)

Fidelis Capital Partners LLC decreased its position in shares of Aon plc (NYSE:AON) by 35.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,010 shares of the financial services provider’s stock after selling 1,094 shares during the period. Fidelis Capital Partners LLC’s holdings in AON were worth $655,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC boosted its stake in AON by 262.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock worth $1,181,000 after buying an additional 2,989 shares in the last quarter. Clearbridge Investments LLC bought a new position in shares of AON during the 4th quarter valued at $392,000. Assetmark Inc. raised its position in AON by 17.6% in the 4th quarter. Assetmark Inc. now owns 5,945 shares of the financial services provider’s stock worth $1,730,000 after purchasing an additional 888 shares during the period. US Bancorp DE boosted its position in AON by 63.3% during the fourth quarter. US Bancorp DE now owns 52,907 shares of the financial services provider’s stock valued at $15,397,000 after buying an additional 20,512 shares during the period. Finally, SageView Advisory Group LLC bought a new position in shares of AON during the fourth quarter valued at about $625,000. Institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of AON stock opened at $347.03 on Monday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. The company’s fifty day moving average price is $330.75 and its 200-day moving average price is $311.36. The stock has a market cap of $75.46 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92. Aon plc has a 12 month low of $268.06 and a 12 month high of $353.54.

AON (NYSE:AON) last announced 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 return on equity of 252.81% and a net margin of 18.00%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter last year, the company posted $2.76 EPS. AON’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, equities analysts expect that Aon plc will post 15.23 EPS 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. This represents a $2.70 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Thursday, August 1st. AON’s payout ratio is 21.16%.

Analyst Ratings Changes

AON has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on AON from $287.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Piper Sandler increased their price objective on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and upped their price target for the company from $313.00 to $380.00 in a report on Tuesday, July 30th. JPMorgan Chase & Co. raised their price target on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Barclays started coverage on shares of AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective on the stock. Two investment 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, the company has an average rating of “Hold” and an average target price 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.