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Avalon Trust Co Sells 1,782 Shares of Aon plc (NYSE:AON)

AON logo with Finance background

Key Points

  • Avalon Trust Co reduced its stake in Aon plc by 3.9%, selling 1,782 shares to hold a total of 44,291 shares, valued at approximately $17.68 million.
  • Aon reported an EPS of $3.49 for the last quarter, exceeding the consensus estimate by $0.09 and showing a 10.5% year-over-year revenue increase.
  • The company recently announced a quarterly dividend of $0.745 per share, reflecting an annualized dividend yield of 0.8%, with a payout ratio of 24.96%.
  • Five stocks we like better than AON.

Avalon Trust Co decreased its stake in shares of Aon plc (NYSE:AON - Free Report) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,291 shares of the financial services provider's stock after selling 1,782 shares during the period. AON makes up about 1.4% of Avalon Trust Co's investment portfolio, making the stock its 20th largest holding. Avalon Trust Co's holdings in AON were worth $17,676,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Financial Gravity Asset Management Inc. bought a new position in AON in the first quarter valued at $28,000. HHM Wealth Advisors LLC grew its position in 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 in the last quarter. Tsfg LLC bought a new position in AON in the first quarter valued at $37,000. Garde Capital Inc. bought a new position in AON in the first quarter valued at $42,000. Finally, Meeder Asset Management Inc. grew its position in AON by 111.3% in the first quarter. Meeder Asset Management Inc. now owns 112 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

AON Stock Performance

Shares of AON stock opened at $353.09 on Friday. The company has a market capitalization of $76.14 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 2.10 and a beta of 0.83. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.73 and a current ratio of 1.52. The company has a 50-day simple moving average of $358.07 and a 200 day simple moving average of $370.81. Aon plc has a 52 week low of $322.95 and a 52 week high of $412.97.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.40 by $0.09. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. AON's revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.93 EPS. On average, sell-side analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.745 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. AON's payout ratio is presently 24.96%.

Wall Street Analyst Weigh In

AON has been the subject of a number of analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $438.00 target price (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Piper Sandler raised their target price on shares of AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. The Goldman Sachs Group raised shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 target price for the company in a research report on Tuesday, May 13th. Jefferies Financial Group raised shares of AON from a "hold" rating to a "buy" rating and lifted their price objective for the company from $400.00 to $426.00 in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AON from $394.00 to $409.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $409.21.

Read Our Latest Research Report on AON

About AON

(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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