Cetera Investment Advisers Trims Stake in Aon plc (NYSE:AON)

Cetera Investment Advisers trimmed its position in Aon plc (NYSE:AON - Free Report) by 6.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,248 shares of the financial services provider's stock after selling 1,743 shares during the period. Cetera Investment Advisers' holdings in AON were worth $9,677,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new position in shares of AON during the 1st quarter valued at about $28,000. Tsfg LLC bought a new stake in AON during the 1st quarter valued at approximately $37,000. Garde Capital Inc. bought a new stake in AON during the 1st quarter valued at approximately $42,000. Nemes Rush Group LLC bought a new stake in AON during the 4th quarter valued at approximately $55,000. Finally, Orion Capital Management LLC bought a new stake in AON during the 4th quarter valued at approximately $63,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AON. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 target price on the stock in a research note on Tuesday, May 13th. Evercore ISI lifted their price objective on AON from $411.00 to $421.00 and gave the stock an "outperform" rating in a research note on Monday. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $438.00 price objective (up previously from $436.00) on shares of AON in a research note on Thursday, July 10th. Barclays reaffirmed an "overweight" rating and issued a $420.00 price objective (up previously from $401.00) on shares of AON in a research note on Thursday. Finally, Jefferies Financial Group raised AON from a "hold" rating to a "buy" rating and boosted their target price for the company from $400.00 to $426.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, AON presently has an average rating of "Moderate Buy" and an average target price of $409.21.

AON Stock Down 0.7%

Shares of NYSE AON traded down $2.62 during mid-day trading on Friday, reaching $353.09. 1,640,932 shares of the company were exchanged, compared to its average volume of 1,348,763. The company has a quick ratio of 1.73, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a market cap of $76.14 billion, a price-to-earnings ratio of 29.57, a P/E/G ratio of 2.11 and a beta of 0.83. Aon plc has a 1 year low of $322.95 and a 1 year high of $412.97. The firm has a 50-day moving average of $358.15 and a 200 day moving average of $370.81.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, beating 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 company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same period last year, the business posted $2.93 earnings per share. The firm's revenue was up 10.5% compared to the same quarter last year. On average, research analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, August 1st. AON's dividend payout ratio (DPR) 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.