Aon plc $AON Stake Reduced by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC reduced its stake in shares of Aon plc (NYSE:AON) by 10.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,525 shares of the financial services provider’s stock after selling 171 shares during the quarter. Freestone Capital Holdings LLC’s holdings in AON were worth $544,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Financial Gravity Asset Management Inc. bought a new stake in shares of AON during the first quarter valued at approximately $28,000. Saudi Central Bank bought a new stake in shares of AON during the first quarter valued at approximately $31,000. Pinnacle Bancorp Inc. raised its holdings in shares of AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after buying an additional 33 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of AON during the second quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC raised its holdings in shares of AON by 54.7% during 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 during the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Trading Up 1.3%

NYSE AON opened at $344.22 on Wednesday. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market cap of $74.22 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.92 and a beta of 0.89. The firm’s 50 day moving average price is $355.57 and its two-hundred day moving average price is $358.12.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.14. The firm had revenue of $4 billion during 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 business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.72 EPS. Equities analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AON shares. Piper Sandler lifted their price target on AON from $393.00 to $413.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Keefe, Bruyette & Woods lowered their price objective on shares of AON from $428.00 to $410.00 and set an “outperform” rating on the stock in a research note on Tuesday. Roth Capital reiterated a “buy” rating and set a $390.00 price objective on shares of AON in a research note on Tuesday. Citigroup upgraded shares of 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. Finally, Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $421.07.

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.