Parallel Advisors LLC Sells 290 Shares of Aon plc (NYSE:AON)

Parallel Advisors LLC lessened its holdings in Aon plc (NYSE:AON) by 12.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,104 shares of the financial services provider’s stock after selling 290 shares during the quarter. Parallel Advisors LLC’s holdings in AON were worth $618,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC boosted its holdings in shares of AON by 3.9% during the 1st quarter. Proficio Capital Partners LLC now owns 1,016 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 38 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of AON by 5.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock worth $243,000 after buying an additional 38 shares during the last quarter. Fisher Asset Management LLC increased its position in AON by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,724 shares of the financial services provider’s stock valued at $502,000 after acquiring an additional 39 shares during the last quarter. Essex Financial Services Inc. boosted its position in AON by 4.0% in the second quarter. Essex Financial Services Inc. now owns 1,036 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 40 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of AON by 11.1% during the 1st quarter. GAMMA Investing LLC now owns 410 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 41 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AON shares. Barclays began coverage on shares of AON in a research report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective for the company. Piper Sandler raised their price target on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Morgan Stanley reduced 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. Wells Fargo & Company raised their price target on AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $335.00 price target on shares of AON in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, AON presently has an average rating of “Hold” and an average price target of $337.27.

AON Trading Up 0.8 %

Shares of NYSE:AON opened at $350.69 on Tuesday. The company has a market capitalization of $76.25 billion, a PE ratio of 27.48, a P/E/G ratio of 2.24 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. The business’s fifty day simple moving average is $326.56 and its 200-day simple moving average is $310.44. Aon plc has a 12-month low of $268.06 and a 12-month high of $353.54.

AON (NYSE:AON) last announced 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 analyst estimates of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. AON’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the business earned $2.76 earnings per share. As a group, equities research analysts predict 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. Stockholders of record on Thursday, August 1st were issued a dividend of $0.675 per share. The ex-dividend date was Thursday, August 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.77%. AON’s dividend payout ratio (DPR) is currently 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.