Delta Investment Management LLC Sells 68 Shares of Aon plc (NYSE:AON)

Delta Investment Management LLC lowered its stake in Aon plc (NYSE:AON) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,042 shares of the financial services provider’s stock after selling 68 shares during the quarter. Delta Investment Management LLC’s holdings in AON were worth $306,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AON. Gryphon Financial Partners LLC increased its stake in shares of AON by 262.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock valued at $1,181,000 after acquiring an additional 2,989 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of AON by 139.1% in the 4th quarter. Advisory Services Network LLC now owns 4,302 shares of the financial services provider’s stock valued at $1,252,000 after acquiring an additional 2,503 shares in the last quarter. TD Asset Management Inc increased its stake in shares of AON by 12.8% in the 4th quarter. TD Asset Management Inc now owns 73,932 shares of the financial services provider’s stock valued at $21,516,000 after acquiring an additional 8,396 shares in the last quarter. Stifel Financial Corp increased its stake in shares of AON by 0.7% in the 4th quarter. Stifel Financial Corp now owns 196,497 shares of the financial services provider’s stock valued at $57,185,000 after acquiring an additional 1,454 shares in the last quarter. Finally, Catalytic Wealth RIA LLC acquired a new stake in AON in the 4th quarter valued at $257,000. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AON. Morgan Stanley reduced 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 report on Wednesday, July 10th. Piper Sandler lifted their price target 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 price target on shares of AON in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, Keefe, Bruyette & Woods raised shares of AON from an “underperform” rating to an “outperform” rating and lifted their price objective for the stock from $313.00 to $380.00 in a report on Tuesday, July 30th. 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 stock. Based on data from MarketBeat, AON currently has a consensus rating of “Hold” and an average target price of $337.27.

AON Trading Up 0.1 %

NYSE AON opened at $347.16 on Friday. The stock has a market capitalization of $75.42 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 2.24 and a beta of 0.92. Aon plc has a one year low of $268.06 and a one year high of $353.54. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. The business’s fifty day moving average is $333.70 and its 200-day moving average is $312.04.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the firm posted $2.76 earnings per share. The company’s revenue was up 18.4% on a year-over-year basis. Equities research analysts predict that Aon plc will post 15.23 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s dividend payout ratio 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.