Aon plc (NYSE:AON) Shares Sold by DRW Securities LLC

DRW Securities LLC lessened its stake in Aon plc (NYSE:AON) by 53.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,901 shares of the financial services provider’s stock after selling 2,199 shares during the quarter. DRW Securities LLC’s holdings in AON were worth $558,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AON. Edge Capital Group LLC acquired a new stake in shares of AON during the 2nd quarter worth approximately $407,000. EverSource Wealth Advisors LLC grew its position in AON by 5.6% in the second quarter. EverSource Wealth Advisors LLC now owns 852 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 45 shares during the period. Independent Franchise Partners LLP increased its stake in AON by 2.1% during the second quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock worth $707,390,000 after acquiring an additional 49,161 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in shares of AON by 326.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 15,689 shares of the financial services provider’s stock valued at $4,606,000 after purchasing an additional 12,010 shares during the last quarter. Finally, Stone Point Capital LLC purchased a new position in shares of AON during the 2nd quarter worth $151,808,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the subject of several research analyst reports. Wells Fargo & Company increased their target price 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. JPMorgan Chase & Co. raised their price target on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft lifted their target price on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Piper Sandler increased their price target on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, Morgan Stanley dropped their price target on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $337.27.

AON Trading Up 0.4 %

Shares of AON stock opened at $348.52 on Tuesday. 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 has a fifty day simple moving average of $331.77 and a 200-day simple moving average of $311.58. The stock has a market cap of $75.78 billion, a price-to-earnings ratio of 27.31, a PEG 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 posted its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.76 earnings per share. On average, equities analysts forecast that Aon plc will post 15.23 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.675 dividend. The ex-dividend date was Thursday, August 1st. This represents a $2.70 annualized dividend and a yield of 0.77%. AON’s dividend payout ratio (DPR) is 21.16%.

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.