Aon plc (NYSE:AON) Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its position in Aon plc (NYSE:AON) by 22.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,148 shares of the financial services provider’s stock after selling 340 shares during the period. Blue Trust Inc.’s holdings in AON were worth $397,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Y.D. More Investments Ltd purchased a new position in shares of AON in the 2nd quarter worth $31,000. Nemes Rush Group LLC purchased a new position in shares of AON in the 2nd quarter worth $45,000. Bruce G. Allen Investments LLC raised its position in shares of AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after buying an additional 58 shares during the period. LRI Investments LLC purchased a new position in shares of AON in the 1st quarter worth $55,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of AON in the 1st quarter worth $59,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Up 0.6 %

NYSE:AON opened at $358.29 on Thursday. The company has a market capitalization of $77.90 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. Aon plc has a one year low of $268.06 and a one year high of $363.46. The stock has a 50-day simple moving average of $347.63 and a 200 day simple moving average of $316.00. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42.

AON (NYSE:AON) last issued its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the previous year, the firm earned $2.76 earnings per share. The business’s revenue was up 18.4% on a year-over-year basis. Sell-side analysts predict that Aon plc will post 15.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.675 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.75%. AON’s payout ratio is currently 21.16%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Evercore ISI raised their price objective on AON from $338.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Barclays assumed coverage on AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective on the stock. Keefe, Bruyette & Woods raised AON from an “underperform” rating to an “outperform” rating and raised their price objective for the company from $313.00 to $380.00 in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company raised their price objective on AON from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, AON has a consensus rating of “Hold” and a consensus target price of $347.06.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.