Aon plc (NYSE:AON) Stock Holdings Lowered by Prudential PLC

Prudential PLC lowered its position in shares of Aon plc (NYSE:AON) by 11.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,821 shares of the financial services provider’s stock after selling 479 shares during the quarter. Prudential PLC’s holdings in AON were worth $1,122,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Gryphon Financial Partners LLC grew its stake in AON by 262.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock valued at $1,181,000 after buying an additional 2,989 shares during the last quarter. California State Teachers Retirement System grew its stake in AON by 1.5% in the 4th quarter. California State Teachers Retirement System now owns 331,760 shares of the financial services provider’s stock valued at $96,549,000 after buying an additional 4,843 shares during the last quarter. Radnor Capital Management LLC grew its position in AON by 203.6% in the 1st quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock worth $2,099,000 after purchasing an additional 4,218 shares during the last quarter. Norden Group LLC acquired a new stake in AON in the 1st quarter worth $2,044,000. Finally, Daiwa Securities Group Inc. grew its position in AON by 14.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock worth $7,056,000 after purchasing an additional 2,624 shares during 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 several analyst reports. Wells Fargo & Company raised their price objective on shares of AON from $287.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and raised their price objective for the company from $313.00 to $380.00 in a research report on Tuesday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Finally, Morgan Stanley lowered their price target on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $337.27.

AON Trading Up 1.0 %

AON stock opened at $348.11 on Friday. 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 company’s 50-day simple moving average is $324.47 and its 200 day simple moving average is $310.05. Aon plc has a 52 week low of $268.06 and a 52 week high of $352.49. The company has a market capitalization of $75.69 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92.

AON (NYSE:AON) last released its quarterly 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 net margin of 18.00% and a return on equity of 252.81%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the company posted $2.76 earnings per share. The company’s revenue was up 18.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Aon plc will post 15.23 earnings per share for the current year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.70 annualized dividend and a yield of 0.78%. AON’s dividend payout ratio is 21.16%.

AON 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.