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Aon plc (NYSE:AON) Shares Sold by Obermeyer Wealth Partners

AON logo with Finance background

Obermeyer Wealth Partners cut its holdings in Aon plc (NYSE:AON - Free Report) by 2.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 104,919 shares of the financial services provider's stock after selling 3,171 shares during the period. AON comprises approximately 2.2% of Obermeyer Wealth Partners' holdings, making the stock its 14th biggest position. Obermeyer Wealth Partners' holdings in AON were worth $41,872,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AON. Financial Gravity Asset Management Inc. bought a new stake in shares of AON during the 1st quarter worth about $28,000. Millstone Evans Group LLC purchased a new position in AON during the fourth quarter valued at approximately $32,000. Tsfg LLC purchased a new position in AON during the first quarter valued at approximately $37,000. Garde Capital Inc. purchased a new position in AON during the first quarter valued at approximately $42,000. Finally, Nemes Rush Group LLC acquired a new stake in AON in the fourth quarter valued at approximately $55,000. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of AON from $414.00 to $409.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Barclays lowered their target price on shares of AON from $415.00 to $401.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. Redburn Partners set a $445.00 target price on shares of AON in a report on Tuesday, March 25th. Finally, The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective on the stock in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $403.00.

Get Our Latest Analysis on AON

AON Trading Down 0.3%

NYSE AON traded down $1.16 during trading hours on Monday, reaching $354.96. The company's stock had a trading volume of 262,890 shares, compared to its average volume of 1,162,234. The firm has a fifty day simple moving average of $358.06 and a 200-day simple moving average of $370.64. The stock has a market cap of $76.65 billion, a P/E ratio of 30.20, a P/E/G ratio of 2.12 and a beta of 0.84. Aon plc has a 52 week low of $296.56 and a 52 week high of $412.97. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.73 and a quick ratio of 1.73.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a return on equity of 52.71% and a net margin of 15.58%. The firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the business posted $5.66 EPS. The firm's revenue for the quarter was up 16.2% compared to the same quarter last year. Equities analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.745 per share. The ex-dividend date is Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.84%. AON's payout ratio is 25.38%.

AON Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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