Verdence Capital Advisors LLC Sells 3,644 Shares of Aon plc $AON

Verdence Capital Advisors LLC cut its holdings in shares of Aon plc (NYSE:AON – Free Report) by 74.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,272 shares of the financial services provider’s stock after selling 3,644 shares during the period. Verdence Capital Advisors LLC’s holdings in AON were worth $352,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its position in AON by 11,179.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,026,135 shares of the financial services provider’s stock valued at $1,114,313,000 after purchasing an additional 3,990,441 shares during the last quarter. Bank of America Corp DE grew its position in AON by 16.3% during the 1st quarter. Bank of America Corp DE now owns 1,582,680 shares of the financial services provider’s stock worth $510,857,000 after purchasing an additional 222,092 shares during the last quarter. Amundi grew its position in AON by 23.5% during the 1st quarter. Amundi now owns 1,502,890 shares of the financial services provider’s stock worth $485,103,000 after purchasing an additional 285,549 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in AON by 20.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,253,769 shares of the financial services provider’s stock valued at $404,709,000 after purchasing an additional 213,051 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in AON by 74.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 797,418 shares of the financial services provider’s stock valued at $257,391,000 after purchasing an additional 340,866 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Trading Up 0.0%

Shares of AON stock opened at $321.75 on Friday. Aon plc has a 52-week low of $266.33 and a 52-week high of $382.34. The company has a quick ratio of 1.54, a current ratio of 4.72 and a debt-to-equity ratio of 2.58. The company’s 50-day simple moving average is $302.17 and its 200-day simple moving average is $326.08. The firm has a market cap of $68.26 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.68 and a beta of 0.70.

AON (NYSE:AON – Get Free Report) last released its earnings results on Wednesday, October 28th. The financial services provider reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.06. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. AON had a return on equity of 40.46% and a net margin of 22.24%. AON’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.05 earnings per share. As a group, equities research analysts anticipate that Aon plc will post 18.63 earnings per share for the current year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, November 2nd. AON’s payout ratio is currently 18.08%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AON. BMO Capital Markets decreased their target price on shares of AON from $360.00 to $286.00 and set a “market perform” rating for the company in a research note on Thursday, October 1st. Citigroup began coverage on AON in a research report on Monday, September 21st. They issued a “buy” rating and a $435.00 price target on the stock. Wolfe Research cut AON from a “hold” rating to a “strong sell” rating in a research report on Friday, September 11th. UBS Group reaffirmed a “neutral” rating on shares of AON in a research note on Monday, August 31st. Finally, Bank of America increased their price objective on AON from $298.00 to $327.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 15th. Twelve equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, AON currently has a consensus rating of “Hold” and a consensus price target of $367.59.

Get Our Latest Report on AON

Insider Transactions at AON

In related news, Director Lester Knight bought 20,000 shares of the stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average price of $327.48 per share, for a total transaction of $6,549,600.00. Following the acquisition, the director owned 163,000 shares in the company, valued at $53,379,240. This represents a 13.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Key Headlines Impacting AON

Here are the key news stories impacting AON this week:

About AON

(Free Report)

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon’s human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.

See Also

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Institutional Ownership by Quarter for AON (NYSE:AON)

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