Aon plc (NYSE:AON) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its position in shares of Aon plc (NYSE:AON) by 82.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,317 shares of the financial services provider’s stock after selling 24,776 shares during the period. Acadian Asset Management LLC’s holdings in AON were worth $1,559,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AON. Frazier Financial Advisors LLC acquired a new stake in AON during the 4th quarter valued at $31,000. Rise Advisors LLC acquired a new position in AON during the 1st quarter worth $37,000. Bruce G. Allen Investments LLC grew its holdings 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 in the last quarter. LRI Investments LLC acquired a new position in AON during the 1st quarter worth $55,000. Finally, New Covenant Trust Company N.A. acquired a new position in AON during the 1st quarter worth $59,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Citigroup began coverage on shares of AON in a research report on Wednesday, May 22nd. They issued a “neutral” rating and a $309.00 price target on the stock. Barclays began coverage on shares of AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target on the stock. Wells Fargo & Company raised their price target on shares of AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Two investment 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. Based on data from MarketBeat.com, AON has a consensus rating of “Hold” and an average target price of $337.27.

AON Stock Down 0.1 %

AON stock opened at $347.85 on Friday. Aon plc has a 52 week low of $268.06 and a 52 week high of $352.49. The company has a market capitalization of $75.57 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92. The firm’s 50-day moving average is $325.51 and its two-hundred day moving average is $310.25. 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 (NYSE:AON) last released 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 return on equity of 252.81% and a net margin of 18.00%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $2.76 earnings per share. On average, analysts forecast that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a $0.675 dividend. 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 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.