Aon plc $AON Shares Sold by GM Advisory Group LLC

GM Advisory Group LLC reduced its stake in Aon plc (NYSE:AON) by 43.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,709 shares of the financial services provider’s stock after selling 31,500 shares during the period. GM Advisory Group LLC’s holdings in AON were worth $14,880,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Polen Capital Management LLC boosted its position in shares of AON by 318.1% in the 1st quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock valued at $1,200,350,000 after purchasing an additional 2,288,397 shares during the period. Nuveen LLC purchased a new position in shares of AON during the first quarter worth approximately $505,108,000. Wellington Management Group LLP acquired a new position in shares of AON in the 1st quarter valued at $490,634,000. Vanguard Group Inc. boosted its stake in AON by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 20,289,743 shares of the financial services provider’s stock worth $7,238,569,000 after purchasing an additional 511,292 shares during the period. Finally, Bank of New York Mellon Corp grew its position in AON by 15.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock worth $1,251,391,000 after purchasing an additional 473,594 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the subject of a number of analyst reports. UBS Group cut their price objective on shares of AON from $400.00 to $390.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and increased their target price for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Wells Fargo & Company dropped their price objective on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on shares of AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Finally, TD Cowen reduced their price objective on shares of AON from $419.00 to $416.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $416.56.

AON Stock Performance

NYSE:AON opened at $353.09 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $75.89 billion, a P/E ratio of 29.57, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. The firm has a 50-day moving average price of $349.13 and a two-hundred day moving average price of $357.16. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97.

AON (NYSE:AON) last released its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.91 by $0.14. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.97 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.72 earnings per share. As a group, research analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were paid a $0.745 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.98 annualized dividend and a yield of 0.8%. AON’s payout ratio is presently 23.88%.

AON Company 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.