Exchange Traded Concepts LLC Cuts Stock Position in Aon plc (NYSE:AON)

Exchange Traded Concepts LLC reduced its position in shares of Aon plc (NYSE:AON) by 90.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209 shares of the financial services provider’s stock after selling 1,931 shares during the period. Exchange Traded Concepts LLC’s holdings in AON were worth $72,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. 180 Wealth Advisors LLC raised its stake in shares of AON by 6.2% in the 1st quarter. 180 Wealth Advisors LLC now owns 910 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 53 shares in the last quarter. Artemis Investment Management LLP grew its position in shares of AON by 9.2% in the 1st quarter. Artemis Investment Management LLP now owns 168,901 shares of the financial services provider’s stock worth $56,349,000 after acquiring an additional 14,292 shares in the last quarter. Sendero Wealth Management LLC increased its holdings in shares of AON by 6.0% in the 1st quarter. Sendero Wealth Management LLC now owns 3,057 shares of the financial services provider’s stock valued at $1,020,000 after acquiring an additional 173 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in AON by 8.6% during the first quarter. Kathmere Capital Management LLC now owns 2,187 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 173 shares during the last quarter. Finally, WoodTrust Financial Corp increased its stake in AON by 2.5% during the first quarter. WoodTrust Financial Corp now owns 5,288 shares of the financial services provider’s stock valued at $1,765,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 0.6 %

AON stock opened at $358.29 on Thursday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. Aon plc has a 12 month low of $268.06 and a 12 month high of $363.46. The company’s fifty day simple moving average is $347.63 and its 200-day simple moving average is $316.00. The stock has a market cap of $77.90 billion, a P/E ratio of 28.08, a P/E/G ratio of 2.32 and a beta of 0.92.

AON (NYSE:AON) last posted its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a return on equity of 252.81% and a net margin of 18.00%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the firm earned $2.76 earnings per share. The business’s revenue was up 18.4% on a year-over-year basis. As a group, sell-side analysts forecast that Aon plc will post 15.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.675 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 annualized dividend and a yield of 0.75%. AON’s dividend payout ratio (DPR) is currently 21.16%.

Analyst Ratings Changes

Several research firms recently weighed in on AON. Deutsche Bank Aktiengesellschaft increased their price objective on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and increased their target price for the company from $313.00 to $380.00 in a research report on Tuesday, July 30th. Wells Fargo & Company lifted their price target on AON from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Finally, Morgan Stanley reduced their target price on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $347.06.

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.