Cigna Investments Inc. New Sells 1,100 Shares of Aon plc (NYSE:AON)

Cigna Investments Inc. New lowered its holdings in Aon plc (NYSE:AONGet Rating) by 28.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,744 shares of the financial services provider’s stock after selling 1,100 shares during the period. Cigna Investments Inc. New’s holdings in AON were worth $739,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in AON in the 2nd quarter valued at about $32,000. Tcwp LLC bought a new stake in AON in the 1st quarter valued at about $40,000. Grayhawk Investment Strategies Inc. bought a new stake in AON in the 2nd quarter valued at about $49,000. Core Alternative Capital bought a new stake in AON in the 1st quarter valued at about $53,000. Finally, Exchange Traded Concepts LLC raised its position in shares of AON by 357.4% in the 2nd quarter. Exchange Traded Concepts LLC now owns 215 shares of the financial services provider’s stock valued at $58,000 after buying an additional 168 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

AON Price Performance

AON stock opened at $306.57 on Friday. The company has a debt-to-equity ratio of 12.27, a current ratio of 1.56 and a quick ratio of 1.56. Aon plc has a 1 year low of $246.21 and a 1 year high of $341.98. The company has a 50 day simple moving average of $288.92 and a 200 day simple moving average of $281.29. The stock has a market cap of $63.41 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 2.13 and a beta of 0.89.

AON (NYSE:AONGet Rating) last announced its quarterly earnings results on Friday, October 28th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.01. AON had a net margin of 22.49% and a return on equity of 445.81%. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the company posted $1.74 EPS. The company’s revenue was down .2% on a year-over-year basis. Research analysts anticipate that Aon plc will post 13.13 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 0.73%. The ex-dividend date was Monday, October 31st. AON’s dividend payout ratio (DPR) is currently 17.39%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AON. StockNews.com began coverage on shares of AON in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. MKM Partners boosted their target price on shares of AON from $335.00 to $360.00 and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company boosted their target price on shares of AON from $302.00 to $304.00 and gave the company an “equal weight” rating in a research report on Monday, October 31st. Raymond James cut shares of AON from a “market perform” rating to an “underperform” rating in a research report on Monday, October 31st. Finally, Bank of America began coverage on shares of AON in a research report on Monday, September 19th. They set a “neutral” rating and a $294.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, AON currently has an average rating of “Hold” and an average target price of $299.63.

AON Company Profile

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Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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