Ethic Inc. Reduces Position in Aon plc $AON

Ethic Inc. trimmed its holdings in Aon plc (NYSE:AON) by 10.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,580 shares of the financial services provider’s stock after selling 2,688 shares during the quarter. Ethic Inc.’s holdings in AON were worth $8,051,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Saudi Central Bank purchased a new position in AON during the first quarter worth approximately $31,000. Heartwood Wealth Advisors LLC purchased a new position in shares of AON during the 3rd quarter worth $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of AON during the 2nd quarter valued at about $31,000. Trust Co. of Toledo NA OH acquired a new stake in AON during the second quarter worth about $32,000. Finally, Pinnacle Bancorp Inc. increased its position in AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 33 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

AON Trading Down 0.0%

Shares of NYSE AON opened at $356.65 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $76.65 billion, a PE ratio of 28.58, a PEG ratio of 2.04 and a beta of 0.84. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The stock has a fifty day simple moving average of $346.74 and a 200-day simple moving average of $355.40.

AON (NYSE:AON) last announced its earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. AON had a return on equity of 48.88% and a net margin of 15.96%.AON’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business posted $2.72 EPS. On average, equities analysts forecast that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were issued a $0.745 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. AON’s payout ratio is 23.88%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AON shares. Wolfe Research began coverage on shares of AON in a research note on Monday, September 15th. They issued a “peer perform” rating for the company. UBS Group decreased their price objective on AON from $400.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Roth Capital reissued a “buy” rating and set a $390.00 target price on shares of AON in a research note on Tuesday, November 4th. Barclays reaffirmed an “equal weight” rating and issued a $379.00 price target (down previously from $420.00) on shares of AON in a research note on Thursday, November 20th. Finally, Citigroup upgraded AON from a “neutral” rating to a “buy” rating and set a $402.00 price target for the company in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, AON currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.18.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.