Canandaigua National Bank & Trust Co. Sells 756 Shares of Aon plc $AON

Key Points

• Canandaigua National Bank & Trust Co. reduced its stake in Aon plc by 14.4%, selling 756 shares, and now holds 4,485 shares worth $1.6 million.
• Aon plc has received recent upgrades from several analysts, with a consensus target price of $415.50 and a rating of "Moderate Buy".
• The company reported $3.49 EPS for the last quarter, exceeding expectations, with revenue up 10.5% year-over-year to $4.16 billion.

Canandaigua National Bank & Trust Co. decreased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 14.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,485 shares of the financial services provider's stock after selling 756 shares during the period. Canandaigua National Bank & Trust Co.'s holdings in AON were worth $1,600,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AON. Tidal Investments LLC boosted its stake in AON by 176.0% during the fourth quarter. Tidal Investments LLC now owns 32,351 shares of the financial services provider's stock valued at $11,619,000 after buying an additional 20,631 shares during the period. Two Sigma Investments LP raised its position in AON by 40.6% during the fourth quarter. Two Sigma Investments LP now owns 53,460 shares of the financial services provider's stock valued at $19,201,000 after purchasing an additional 15,424 shares in the last quarter. Vident Advisory LLC raised its position in AON by 508.0% during the fourth quarter. Vident Advisory LLC now owns 11,486 shares of the financial services provider's stock valued at $4,126,000 after purchasing an additional 9,597 shares in the last quarter. Sone Capital Management LLC purchased a new stake in AON during the fourth quarter valued at about $5,204,000. Finally, Waverly Advisors LLC increased its holdings in shares of AON by 40.2% in the fourth quarter. Waverly Advisors LLC now owns 1,500 shares of the financial services provider's stock worth $539,000 after buying an additional 430 shares during the period. Institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AON. Wells Fargo & Company reiterated an "overweight" rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $400.00 to $426.00 in a report on Wednesday, July 30th. Evercore ISI lifted their price objective on AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Morgan Stanley upgraded AON from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $385.00 to $430.00 in a report on Thursday, September 11th. Finally, Cantor Fitzgerald upgraded AON to a "strong-buy" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, AON presently has a consensus rating of "Moderate Buy" and a consensus target price of $415.50.

AON Stock Performance

Shares of AON opened at $363.83 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The business's 50 day moving average price is $364.10 and its 200-day moving average price is $367.78. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The stock has a market cap of $78.45 billion, a P/E ratio of 30.47, a P/E/G ratio of 2.20 and a beta of 0.87.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results 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. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same period in the previous year, the firm posted $2.93 EPS. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 1st. AON's payout ratio is presently 24.96%.

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.

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