Seeds Investor LLC Trims Stock Position in Aon plc $AON

Seeds Investor LLC decreased its stake in Aon plc (NYSE:AON) by 22.5% during the second quarter, Holdings Channel reports. The institutional investor owned 630 shares of the financial services provider’s stock after selling 183 shares during the quarter. Seeds Investor LLC’s holdings in AON were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AON. Saudi Central Bank acquired a new position in AON in the first quarter valued at approximately $31,000. Atlantic Union Bankshares Corp purchased a new position in shares of AON during the 2nd quarter valued at approximately $31,000. Pinnacle Bancorp Inc. boosted its holdings in AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after buying an additional 33 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in AON during the second quarter worth $32,000. Finally, HHM Wealth Advisors LLC grew its position in 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 period. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Price Performance

NYSE:AON opened at $346.58 on Friday. The stock has a 50 day moving average of $349.72 and a two-hundred day moving average of $357.33. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The firm has a market cap of $74.49 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93.

AON (NYSE:AON) last released its earnings results on Thursday, October 30th. The financial services provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter last year, the business posted $2.72 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. AON’s payout ratio is 23.88%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays reissued an “equal weight” rating and set a $379.00 target price (down from $420.00) on shares of AON in a research note on Thursday. Wells Fargo & Company reduced their price target on AON from $451.00 to $448.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. TD Cowen dropped their price objective on AON from $419.00 to $416.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Roth Capital restated a “buy” rating and issued a $390.00 price objective on shares of AON in a research report on Tuesday, November 4th. Finally, UBS Group decreased their target price on AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $416.56.

About AON

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.