Verdence Capital Advisors LLC Sells 1,961 Shares of Aon plc $AON

Key Points

• Verdence Capital Advisors LLC reduced its stake in Aon plc by 19.8%, selling 1,961 shares during the second quarter, leaving them with 7,968 shares valued at approximately $2.84 million.
• Aon has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a target price set at $420.00.
• The company announced a quarterly dividend of $0.745, yielding 0.8%, with the dividend payment scheduled for November 14th.

Verdence Capital Advisors LLC lessened its holdings in Aon plc (NYSE:AON - Free Report) by 19.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,968 shares of the financial services provider's stock after selling 1,961 shares during the quarter. Verdence Capital Advisors LLC's holdings in AON were worth $2,843,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its position in AON by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 18,652 shares of the financial services provider's stock worth $6,654,000 after purchasing an additional 100 shares during the period. Vest Financial LLC lifted its position in AON by 16.1% during the second quarter. Vest Financial LLC now owns 662 shares of the financial services provider's stock worth $236,000 after purchasing an additional 92 shares during the period. Yousif Capital Management LLC lifted its position in AON by 0.3% during the second quarter. Yousif Capital Management LLC now owns 29,292 shares of the financial services provider's stock worth $10,450,000 after purchasing an additional 99 shares during the period. MOKAN Wealth Management Inc. lifted its position in AON by 20.3% during the second quarter. MOKAN Wealth Management Inc. now owns 3,714 shares of the financial services provider's stock worth $1,324,000 after purchasing an additional 628 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in AON by 26.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,556 shares of the financial services provider's stock worth $9,475,000 after purchasing an additional 5,621 shares during the period. Institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

AON has been the subject of several recent analyst reports. Citigroup initiated coverage on shares of AON in a research report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 price objective for the company. Wolfe Research initiated coverage on shares of AON in a research report on Monday, September 15th. They set a "peer perform" rating for the company. Wells Fargo & Company cut their price objective on shares of AON from $451.00 to $448.00 and set an "overweight" rating for the company in a research report on Wednesday, October 8th. Jefferies Financial Group raised AON from a "hold" rating to a "buy" rating and boosted their target price for the stock from $400.00 to $426.00 in a research note on Wednesday, July 30th. Finally, Cantor Fitzgerald raised AON to a "strong-buy" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $420.00.

AON Stock Down 0.2%

Shares of NYSE AON opened at $359.82 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The company has a market cap of $77.59 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 2.14 and a beta of 0.89. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The stock has a 50-day moving average price of $364.41 and a two-hundred day moving average price of $362.53.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.40 by $0.09. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business earned $2.93 EPS. As a group, analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be 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 is Monday, November 3rd. AON's dividend payout ratio (DPR) is 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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