Aon plc $AON Shares Sold by MV Capital Management Inc.

MV Capital Management Inc. cut its holdings in shares of Aon plc (NYSE:AON) by 2.5% during the second quarter, Holdings Channel.com reports. The fund owned 7,938 shares of the financial services provider’s stock after selling 203 shares during the period. MV Capital Management Inc.’s holdings in AON were worth $2,832,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of AON by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 19,778,451 shares of the financial services provider’s stock worth $7,893,382,000 after purchasing an additional 258,699 shares during the last quarter. Geode Capital Management LLC increased its stake in AON by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,588,279 shares of the financial services provider’s stock worth $1,987,961,000 after buying an additional 173,722 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in AON by 15.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,507,656 shares of the financial services provider’s stock valued at $1,251,391,000 after purchasing an additional 473,594 shares in the last quarter. Polen Capital Management LLC lifted its stake in shares of AON by 318.1% in the first quarter. Polen Capital Management LLC now owns 3,007,719 shares of the financial services provider’s stock worth $1,200,350,000 after buying an additional 2,288,397 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of AON by 13.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,706,904 shares of the financial services provider’s stock worth $965,715,000 after purchasing an additional 316,333 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Trading Up 0.1%

NYSE:AON opened at $350.17 on Thursday. 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 plc has a 1 year low of $323.73 and a 1 year high of $412.97. The stock has a market capitalization of $75.26 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 1.92 and a beta of 0.86. The stock has a fifty day moving average price of $352.72 and a two-hundred day moving average price of $357.57.

AON (NYSE:AON) last released its quarterly earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the firm posted $2.72 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed 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. This represents a $2.98 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, November 3rd. AON’s payout ratio is currently 23.88%.

Analyst Upgrades and Downgrades

AON has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Roth Capital restated a “buy” rating and set a $390.00 price target on shares of AON in a report on Tuesday, November 4th. Weiss Ratings lowered shares of AON from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, November 7th. Morgan Stanley upgraded shares of 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, UBS Group cut their target price on shares of AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $419.13.

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.