Fidelis Capital Partners LLC Cuts Stock Holdings in Aon plc (NYSE:AON)

Fidelis Capital Partners LLC decreased its holdings in Aon plc (NYSE:AON) by 35.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,010 shares of the financial services provider’s stock after selling 1,094 shares during the period. Fidelis Capital Partners LLC’s holdings in AON were worth $655,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AON. Y.D. More Investments Ltd purchased a new position in shares of AON during the second quarter valued at approximately $31,000. Rise Advisors LLC purchased a new stake in AON during the 1st quarter valued at $37,000. Bruce G. Allen Investments LLC lifted its holdings in shares of AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock valued at $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. bought a new stake in shares of AON in the first quarter worth $59,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AON. Royal Bank of Canada restated a “sector perform” rating and set a $335.00 price target on shares of AON in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Barclays assumed coverage on shares of AON in a research note on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price target on the stock. Piper Sandler upped their price objective on AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, Morgan Stanley lowered their target price on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $337.27.

AON Trading Up 0.0 %

AON stock opened at $347.03 on Monday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. Aon plc has a 1-year low of $268.06 and a 1-year high of $353.54. The business has a 50 day simple moving average of $330.75 and a two-hundred day simple moving average of $311.36. The company has a market capitalization of $75.46 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 2.26 and a beta of 0.92.

AON (NYSE:AON) last issued its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. AON’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.76 EPS. Research analysts anticipate that Aon plc will post 15.23 EPS for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a $0.675 dividend. The ex-dividend date was Thursday, August 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.78%. AON’s dividend payout ratio (DPR) is 21.16%.

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.