Aon plc $AON Stake Trimmed by Mitchell Capital Management Co.

Mitchell Capital Management Co. cut its position in shares of Aon plc (NYSE:AON) by 12.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,028 shares of the financial services provider’s stock after selling 885 shares during the quarter. Mitchell Capital Management Co.’s holdings in AON were worth $2,147,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new position in AON in the 1st quarter worth approximately $28,000. Saudi Central Bank acquired a new stake in shares of AON in the first quarter worth $31,000. HHM Wealth Advisors LLC grew its holdings in shares of 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 buying an additional 29 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in AON during the second quarter valued at $32,000. Finally, Pinnacle Bancorp Inc. lifted its stake in AON by 56.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

Shares of NYSE:AON opened at $359.82 on Monday. The company has a market cap of $77.59 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 2.14 and a beta of 0.89. The business has a 50 day moving average price of $364.41 and a 200 day moving average price of $362.53. 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.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the company earned $2.93 earnings per share. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. Research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, November 3rd. AON’s dividend payout ratio (DPR) is currently 24.96%.

Wall Street Analyst Weigh In

AON has been the topic of a number of research reports. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $385.00 to $430.00 in a report on Thursday, September 11th. Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and upped their price objective for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. TD Cowen decreased their target price on shares of AON from $427.00 to $419.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Cantor Fitzgerald upgraded AON to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of AON in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, AON currently has a consensus rating of “Moderate Buy” and a consensus price target of $420.00.

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.