Freestone Capital Holdings LLC Sells 171 Shares of Aon plc $AON

Freestone Capital Holdings LLC trimmed its position in shares of Aon plc (NYSE:AON) by 10.1% in the second quarter, Holdings Channel reports. The fund owned 1,525 shares of the financial services provider’s stock after selling 171 shares during the quarter. Freestone Capital Holdings LLC’s holdings in AON were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new stake in AON during the first quarter valued at about $28,000. Saudi Central Bank bought a new stake in AON during the first quarter valued at about $31,000. HHM Wealth Advisors LLC boosted its holdings in AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 29 shares during the period. Trust Co. of Toledo NA OH bought a new stake in AON during the second quarter valued at about $32,000. Finally, Pinnacle Bancorp Inc. boosted its holdings in AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 33 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Stock Performance

NYSE AON opened at $344.22 on Wednesday. The firm has a market cap of $74.22 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.92 and a beta of 0.89. The company has a 50 day moving average of $355.57 and a 200-day moving average of $358.12. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 1-year low of $323.73 and a 1-year high of $412.97.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.14. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.97 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $2.72 earnings per share. On average, equities analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on AON shares. Keefe, Bruyette & Woods cut their price objective on shares of AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research report on Tuesday. Evercore ISI upped their price objective on shares of AON from $427.00 to $435.00 and gave the company an “outperform” rating in a research report on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AON in a research report on Wednesday, October 8th. Wolfe Research started coverage on shares of AON in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Finally, Barclays reaffirmed an “overweight” rating and set a $420.00 price objective (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, AON currently has an average rating of “Moderate Buy” and an average target price of $421.07.

AON Company 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.