Aon plc (NYSE:AON) Shares Sold by SRN Advisors LLC

SRN Advisors LLC reduced its stake in Aon plc (NYSE:AON) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,581 shares of the financial services provider’s stock after selling 107 shares during the period. SRN Advisors LLC’s holdings in AON were worth $893,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in AON by 6.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 25,235 shares of the financial services provider’s stock valued at $8,731,000 after purchasing an additional 1,590 shares during the last quarter. Mattern Capital Management LLC grew its stake in shares of AON by 6.8% in the third quarter. Mattern Capital Management LLC now owns 2,647 shares of the financial services provider’s stock valued at $916,000 after buying an additional 169 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of AON by 14.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 275,444 shares of the financial services provider’s stock valued at $95,218,000 after buying an additional 35,026 shares during the period. Modera Wealth Management LLC lifted its stake in AON by 467.7% during the 3rd quarter. Modera Wealth Management LLC now owns 11,796 shares of the financial services provider’s stock worth $4,081,000 after acquiring an additional 9,718 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its position in AON by 0.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 25,730 shares of the financial services provider’s stock valued at $8,902,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Up 5.2 %

AON stock opened at $375.44 on Friday. The stock has a market cap of $81.56 billion, a P/E ratio of 30.01, a PEG ratio of 2.31 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. Aon plc has a twelve month low of $268.06 and a twelve month high of $389.21. The company’s 50 day moving average is $349.01 and its two-hundred day moving average is $316.65.

AON (NYSE:AON) last released its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.27. AON had a net margin of 18.00% and a return on equity of 252.81%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.70 billion. Research analysts expect that Aon plc will post 15.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, November 1st. AON’s dividend payout ratio (DPR) is 21.58%.

Wall Street Analyst Weigh In

AON has been the subject of several recent research reports. Bank of America raised their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. TD Cowen boosted their price target on shares of AON from $413.00 to $432.00 in a research note on Thursday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Morgan Stanley lowered their target price on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group lifted their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $349.69.

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.