Aon plc $AON Stock Holdings Cut by Vestor Capital LLC

Vestor Capital LLC lessened its stake in shares of Aon plc (NYSE:AON) by 64.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 74,142 shares of the financial services provider’s stock after selling 136,475 shares during the quarter. AON makes up 0.6% of Vestor Capital LLC’s holdings, making the stock its 28th biggest holding. Vestor Capital LLC’s holdings in AON were worth $20,520,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Systems of Alabama boosted its position in AON by 2,986.4% during the 3rd quarter. Retirement Systems of Alabama now owns 1,384,829 shares of the financial services provider’s stock worth $383,279,000 after buying an additional 1,339,960 shares during the period. StoneRidge PMG Advisors LLC acquired a new position in AON in the 3rd quarter valued at approximately $4,699,000. Beverly Hills Private Wealth LLC raised its stake in shares of AON by 256.7% during the third quarter. Beverly Hills Private Wealth LLC now owns 10,549 shares of the financial services provider’s stock valued at $2,920,000 after acquiring an additional 7,592 shares during the last quarter. Avion Wealth grew its stake in shares of AON by 3,061.3% in the third quarter. Avion Wealth now owns 980 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 949 shares during the last quarter. Finally, Almanack Investment Partners LLC. grew its stake in shares of AON by 373.1% in the third quarter. Almanack Investment Partners LLC. now owns 9,803 shares of the financial services provider’s stock worth $2,713,000 after purchasing an additional 7,731 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

AON stock opened at $335.99 on Tuesday. The firm has a market cap of $71.28 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 1.82 and a beta of 0.63. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 2.58. Aon plc has a 12-month low of $266.33 and a 12-month high of $382.34. The company’s fifty day simple moving average is $300.07 and its 200 day simple moving average is $325.95.

AON (NYSE:AON) last issued its quarterly 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. AON had a net margin of 22.24% and a return on equity of 40.46%. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the firm posted $3.05 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, analysts expect that Aon plc will post 18.47 earnings per share for the current year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, November 2nd. AON’s dividend payout ratio is presently 17.96%.

Analyst Ratings Changes

AON has been the subject of several analyst reports. Raymond James Financial raised AON from an “underperform” rating to a “market perform” rating in a research report on Monday, November 2nd. Bank of America increased their price target on AON from $298.00 to $327.00 and gave the company an “underperform” rating in a research note on Wednesday, July 15th. TD Cowen raised their price objective on AON from $416.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Evercore cut their price objective on AON from $423.00 to $375.00 in a research note on Thursday, October 8th. Finally, Wolfe Research cut AON from a “hold” rating to a “strong sell” rating in a report on Friday, September 11th. Thirteen 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 company’s stock. Based on data from MarketBeat, AON currently has an average rating of “Hold” and a consensus target price of $369.12.

Insider Activity

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

AON Profile

Aon plc is a global professional services firm that helps organizations manage risk and make decisions about their people and finances. Its services include insurance brokerage, risk consulting, reinsurance solutions, employee benefits consulting and retirement and investment advisory services.

The company serves businesses and institutions across a broad range of industries and geographies. Aon was formed in 1982 as Ryan Insurance Group and adopted the Aon name in 1987. It is headquartered in Dublin, Ireland, and operates internationally.

Greg Case has served as Aon’s chief executive officer since 2005.