Aon plc (NYSE:AON) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. cut its position in Aon plc (NYSE:AON) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,068 shares of the financial services provider’s stock after selling 911 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in AON were worth $1,407,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd acquired a new stake in shares of AON in the 2nd quarter valued at about $31,000. Rise Advisors LLC acquired a new stake in shares of AON in the 1st quarter valued at about $37,000. Nemes Rush Group LLC acquired a new stake in shares of AON in the 2nd quarter valued at about $45,000. LRI Investments LLC acquired a new stake in shares of AON in the 1st quarter valued at about $55,000. Finally, Bruce G. Allen Investments LLC lifted its position in AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 58 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and lifted their price objective for the company from $313.00 to $380.00 in a research report on Tuesday, July 30th. Piper Sandler lifted their price objective on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, Morgan Stanley lowered their price objective on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $337.27.

AON Price Performance

Shares of NYSE:AON traded up $0.57 during midday trading on Friday, hitting $348.07. 568,002 shares of the stock were exchanged, compared to its average volume of 1,194,502. The stock has a market cap of $75.68 billion, a P/E ratio of 27.28, a PEG ratio of 2.25 and a beta of 0.92. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. Aon plc has a twelve month low of $268.06 and a twelve month high of $353.54. The company has a 50 day moving average price of $340.11 and a 200-day moving average price of $313.46.

AON (NYSE:AON) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($0.15). The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the firm earned $2.76 EPS. On average, research analysts forecast that Aon plc will post 15.22 earnings per share for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Thursday, August 1st. AON’s dividend payout ratio (DPR) is presently 21.16%.

AON Company 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.