Abner Herrman & Brock LLC Reduces Position in Aon plc $AON

Abner Herrman & Brock LLC lowered its holdings in Aon plc (NYSE:AON) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,787 shares of the financial services provider’s stock after selling 648 shares during the period. AON accounts for 2.2% of Abner Herrman & Brock LLC’s investment portfolio, making the stock its 21st biggest position. Abner Herrman & Brock LLC’s holdings in AON were worth $19,903,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Relyea Zuckerberg Hanson LLC grew its position in shares of AON by 1.9% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 1,427 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 27 shares during the period. Brighton Jones LLC grew its position in shares of AON by 0.4% in the first quarter. Brighton Jones LLC now owns 7,308 shares of the financial services provider’s stock valued at $2,916,000 after purchasing an additional 29 shares during the period. HHM Wealth Advisors LLC grew its position in shares of AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 29 shares during the period. Catalyst Financial Partners LLC grew its position in shares of AON by 2.6% in the first quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 30 shares during the period. Finally, Wesbanco Bank Inc. grew its position in shares of AON by 0.3% in the first quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider’s stock valued at $4,765,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Trading Down 0.0%

Shares of AON opened at $372.12 on Friday. The stock’s 50-day moving average is $363.89 and its two-hundred day moving average is $368.34. The stock has a market cap of $80.24 billion, a PE ratio of 31.17, a P/E/G ratio of 2.21 and a beta of 0.87. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52.

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 analysts’ consensus estimates of $3.40 by $0.09. The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.93 earnings per share. Equities analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

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

Analyst Ratings Changes

AON has been the subject of a number of recent analyst reports. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $385.00 to $430.00 in a research report on Thursday. Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and upped their price target for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Evercore ISI upped their price target on AON from $411.00 to $421.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Citigroup initiated coverage on AON in a research note on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price target for the company. Finally, Wells Fargo & Company restated an “overweight” rating and set a $438.00 price target (up from $436.00) on shares of AON in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $415.50.

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.