Aon plc $AON Shares Sold by Vident Advisory LLC

Key Points

• Vident Advisory LLC reduced its stake in Aon plc by 65.4%, now holding 3,974 shares valued at approximately $1,586,000.
• Aon recently announced a quarterly dividend of $0.745 per share, which represents an annualized amount of $2.98 and a 0.8% yield.
• Analysts maintain a consensus rating of "Moderate Buy" for Aon, with a price target averaging $412.69 following multiple upgrades from various research firms.

Vident Advisory LLC cut its stake in shares of Aon plc (NYSE:AON - Free Report) by 65.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,974 shares of the financial services provider's stock after selling 7,512 shares during the quarter. Vident Advisory LLC's holdings in AON were worth $1,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AON. Financial Gravity Asset Management Inc. acquired a new position in shares of AON during the 1st quarter worth $28,000. HHM Wealth Advisors LLC grew its stake in shares of AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock worth $33,000 after purchasing an additional 29 shares during the period. Tsfg LLC acquired a new position in AON during the first quarter worth $37,000. Accent Capital Management LLC acquired a new position in AON during the first quarter worth $40,000. Finally, Garde Capital Inc. acquired a new position in AON during the first quarter worth $42,000. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Trading Down 1.0%

AON stock traded down $3.69 during trading on Monday, hitting $366.85. The company's stock had a trading volume of 165,757 shares, compared to its average volume of 1,307,621. The stock has a market capitalization of $79.10 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 2.20 and a beta of 0.87. The stock's fifty day moving average is $362.56 and its 200 day moving average is $369.08. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

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

AON Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective for the company in a report on Tuesday, May 13th. Citigroup assumed coverage on AON in a report on Wednesday, August 13th. They set a "neutral" rating and a $402.00 price objective for the company. 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. Barclays reiterated an "overweight" rating and set a $420.00 target price (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. Finally, Jefferies Financial Group upgraded AON from a "hold" rating to a "buy" rating and increased their target price for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $412.69.

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.