Clarius Group LLC Lowers Stock Holdings in Aon plc $AON

Clarius Group LLC cut its position in shares of Aon plc (NYSE:AON) by 2.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,287 shares of the financial services provider’s stock after selling 38 shares during the period. Clarius Group LLC’s holdings in AON were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new position in shares of AON during the first quarter worth approximately $28,000. Saudi Central Bank purchased a new position in AON in the 1st quarter worth $31,000. HHM Wealth Advisors LLC lifted its stake in AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 29 shares during the last quarter. Pinnacle Bancorp Inc. boosted its position in 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 period. Finally, Tsfg LLC bought a new position in shares of AON during the first quarter valued at about $37,000. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AON. Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a report on Wednesday, August 13th. Citigroup started coverage on AON in a research note on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AON in a research note on Saturday, September 27th. Barclays reissued an “overweight” rating and set a $420.00 price target (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. Finally, TD Cowen decreased their price objective on shares of AON from $427.00 to $419.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $415.06.

AON Trading Up 0.9%

Shares of AON opened at $364.06 on Monday. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. 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 firm’s 50-day moving average price is $363.77 and its 200-day moving average price is $363.61. The firm has a market capitalization of $78.50 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 2.16 and a beta of 0.89.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the business posted $2.93 earnings per share. AON’s quarterly revenue was up 10.5% compared to the same quarter last year. Sell-side analysts anticipate that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.745 dividend. The ex-dividend date was Friday, August 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. AON’s dividend payout ratio is 24.96%.

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.