Obermeyer Wealth Partners Sells 2,417 Shares of Aon plc $AON

Obermeyer Wealth Partners lessened its stake in shares of Aon plc (NYSE:AON) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,502 shares of the financial services provider’s stock after selling 2,417 shares during the period. AON accounts for about 1.8% of Obermeyer Wealth Partners’ portfolio, making the stock its 17th biggest position. Obermeyer Wealth Partners’ holdings in AON were worth $36,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new position in AON during the 1st quarter worth $28,000. Saudi Central Bank bought a new position in shares of AON in the 1st quarter valued at $31,000. Pinnacle Bancorp Inc. increased its stake in shares of AON by 56.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 33 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of AON in the 2nd quarter valued at $32,000. Finally, HHM Wealth Advisors LLC increased its stake in shares of AON by 54.7% in the 1st 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 during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AON shares. Barclays reiterated an “overweight” rating and issued a $420.00 price target (up previously from $401.00) on shares of AON in a research note on Thursday, July 31st. Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. Wolfe Research began coverage on AON in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $385.00 to $430.00 in a research report on Thursday, September 11th. Finally, Cantor Fitzgerald raised AON to a “strong-buy” rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, AON presently has a consensus rating of “Moderate Buy” and a consensus target price of $420.00.

AON Stock Up 3.8%

AON stock opened at $340.75 on Monday. The firm has a market capitalization of $73.48 billion, a PE ratio of 28.54, a P/E/G ratio of 1.92 and a beta of 0.89. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The stock’s 50 day moving average is $356.70 and its 200-day moving average is $358.47.

AON (NYSE:AON) last announced its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.14. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.97 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.AON’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.72 earnings per share. Sell-side analysts expect that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. AON’s payout ratio is presently 23.88%.

About AON

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.