Cetera Investment Advisers Cuts Stock Holdings in Aon plc (NYSE:AON)

Cetera Investment Advisers cut its stake in Aon plc (NYSE:AON) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,339 shares of the financial services provider’s stock after selling 109 shares during the period. Cetera Investment Advisers’ holdings in AON were worth $5,678,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AON. Y.D. More Investments Ltd acquired a new stake in shares of AON in the 2nd quarter valued at $31,000. Rise Advisors LLC acquired a new stake in AON in the first quarter valued at $37,000. Nemes Rush Group LLC purchased a new stake in AON during the 2nd quarter worth about $45,000. Bruce G. Allen Investments LLC increased its holdings in shares of AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 58 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of AON during the 1st quarter worth about $55,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AON. Piper Sandler increased their price target on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Morgan Stanley cut their price target on shares of AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft raised their price objective on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 target price on shares of AON in a report on Monday, August 5th. Finally, 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 note on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $337.14.

AON Stock Up 2.9 %

Shares of AON stock opened at $353.95 on Wednesday. Aon plc has a one year low of $268.06 and a one year high of $355.15. The company has a market cap of $76.89 billion, a P/E ratio of 27.74, a PEG ratio of 2.24 and a beta of 0.92. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42. The firm has a fifty day moving average of $340.60 and a two-hundred day moving average of $313.42.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 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 analyst estimates of $3.74 billion. During the same quarter in the previous year, the business earned $2.76 EPS. AON’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, analysts forecast that Aon plc will post 15.22 earnings per share for the current year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, August 1st. AON’s dividend payout ratio 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.