Venturi Wealth Management LLC Reduces Stock Holdings in Aon plc $AON

Venturi Wealth Management LLC lowered its position in Aon plc (NYSE:AON) by 4.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,451 shares of the financial services provider’s stock after selling 168 shares during the period. Venturi Wealth Management LLC’s holdings in AON were worth $1,231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AON. Capital Investment Advisors LLC increased its position in AON by 5.0% during the 1st quarter. Capital Investment Advisors LLC now owns 1,917 shares of the financial services provider’s stock worth $765,000 after purchasing an additional 92 shares in the last quarter. Farther Finance Advisors LLC increased its position in AON by 26.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,265 shares of the financial services provider’s stock worth $505,000 after purchasing an additional 261 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in AON during the 1st quarter worth about $580,000. Yousif Capital Management LLC increased its position in AON by 5.7% during the 1st quarter. Yousif Capital Management LLC now owns 29,193 shares of the financial services provider’s stock worth $11,651,000 after purchasing an additional 1,584 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in AON by 41.7% during the 1st quarter. GAMMA Investing LLC now owns 1,909 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 562 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on AON. Morgan Stanley upgraded AON from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $385.00 to $430.00 in a research report on Thursday, September 11th. Barclays restated an “overweight” rating and issued a $420.00 price target (up previously from $401.00) on shares of AON in a report on Thursday, July 31st. Jefferies Financial Group raised AON from a “hold” rating to a “buy” rating and boosted their price target for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. Citigroup initiated coverage on AON in a report on Wednesday, August 13th. They issued a “neutral” rating and a $402.00 price target for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of AON in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $415.69.

AON Price Performance

Shares of NYSE AON opened at $365.36 on Thursday. Aon plc has a twelve month low of $323.73 and a twelve month high of $412.97. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $78.78 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89. The business has a 50 day simple moving average of $364.18 and a 200-day simple moving average of $363.48.

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

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.745 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. AON’s dividend payout ratio is presently 24.96%.

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.