Cetera Investment Advisers Sells 3,445 Shares of Aon plc $AON

Cetera Investment Advisers decreased its holdings in shares of Aon plc (NYSE:AON) by 14.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,803 shares of the financial services provider’s stock after selling 3,445 shares during the quarter. Cetera Investment Advisers’ holdings in AON were worth $7,422,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AON. Wedbush Securities Inc. boosted its holdings in AON by 28.3% during the 1st quarter. Wedbush Securities Inc. now owns 1,392 shares of the financial services provider’s stock valued at $556,000 after acquiring an additional 307 shares during the period. Journey Strategic Wealth LLC purchased a new stake in shares of AON during the first quarter valued at $249,000. Avantax Advisory Services Inc. grew its holdings in shares of AON by 6.4% in the first quarter. Avantax Advisory Services Inc. now owns 5,253 shares of the financial services provider’s stock worth $2,096,000 after purchasing an additional 318 shares during the last quarter. Assetmark Inc. increased its stake in AON by 7.7% in the 1st quarter. Assetmark Inc. now owns 9,634 shares of the financial services provider’s stock worth $3,845,000 after buying an additional 692 shares during the period. Finally, Applied Finance Capital Management LLC lifted its holdings in AON by 2.8% during the 1st quarter. Applied Finance Capital Management LLC now owns 5,094 shares of the financial services provider’s stock valued at $2,033,000 after buying an additional 139 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AON shares. Morgan Stanley raised shares of AON from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $385.00 to $430.00 in a research report on Thursday, September 11th. Citigroup raised AON from a “neutral” rating to a “buy” rating and set a $402.00 price objective on the stock in a research note on Monday, November 3rd. Cantor Fitzgerald raised AON to a “strong-buy” rating in a research report on Wednesday, August 13th. UBS Group dropped their price target on AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Wells Fargo & Company decreased their price objective on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $416.56.

AON Stock Up 0.2%

Shares of NYSE AON opened at $346.58 on Friday. The stock has a market capitalization of $74.49 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. The company has a current ratio of 1.52, a quick 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. The stock’s fifty day simple moving average is $349.72 and its two-hundred day simple moving average is $357.32.

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

AON Dividend Announcement

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

AON Profile

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.