Frank Rimerman Advisors LLC Sells 252 Shares of Aon plc $AON

Frank Rimerman Advisors LLC reduced its stake in Aon plc (NYSE:AON) by 7.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,132 shares of the financial services provider’s stock after selling 252 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in AON were worth $1,117,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Saudi Central Bank acquired a new position in AON during the first quarter worth $31,000. Atlantic Union Bankshares Corp acquired a new stake in shares of AON in the 2nd quarter valued at $31,000. Pinnacle Bancorp Inc. grew its holdings in shares of AON by 56.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 33 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in AON during the 2nd quarter valued at about $32,000. Finally, HHM Wealth Advisors LLC boosted its position in AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after buying an additional 29 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of research analyst reports. Barclays reiterated an “overweight” rating and issued a $420.00 target price (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of AON in a research report on Thursday, November 13th. Wolfe Research started coverage on AON in a report on Monday, September 15th. They set a “peer perform” rating on the stock. TD Cowen cut their price target on AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Finally, Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and increased their price objective for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $419.13.

AON Stock Down 0.5%

Shares of AON stock opened at $348.23 on Wednesday. The business has a fifty day simple moving average of $351.11 and a 200 day simple moving average of $357.56. The stock has a market cap of $74.85 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97.

AON (NYSE:AON) last issued its earnings results on Thursday, October 30th. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.72 earnings per share. Research analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were issued a dividend of $0.745 per share. The ex-dividend date was Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s payout ratio is currently 23.88%.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.