Kathmere Capital Management LLC Sells 1,040 Shares of Aon plc (NYSE:AON)

Kathmere Capital Management LLC lessened its stake in shares of Aon plc (NYSE:AON) by 47.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,147 shares of the financial services provider’s stock after selling 1,040 shares during the period. Kathmere Capital Management LLC’s holdings in AON were worth $337,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Farallon Capital Management LLC boosted its holdings in shares of AON by 196.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock valued at $550,521,000 after purchasing an additional 1,243,200 shares in the last quarter. Meritage Group LP acquired a new stake in shares of AON in the 1st quarter valued at $258,471,000. Bank of New York Mellon Corp boosted its holdings in shares of AON by 37.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock valued at $587,445,000 after purchasing an additional 548,563 shares in the last quarter. Stone Point Capital LLC acquired a new stake in shares of AON in the 2nd quarter valued at $151,808,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of AON by 32.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,943,733 shares of the financial services provider’s stock valued at $648,663,000 after acquiring an additional 471,424 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the topic of several recent research reports. Morgan Stanley cut their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $335.00 price objective on shares of AON in a report on Monday, August 5th. Barclays initiated coverage on AON in a report on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Finally, Wells Fargo & Company lifted their target price on AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a report on Monday, July 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $337.27.

AON Stock Performance

AON stock opened at $347.67 on Friday. The stock has a 50-day moving average price of $335.67 and a 200-day moving average price of $312.43. Aon plc has a 1-year low of $268.06 and a 1-year high of $353.54. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. The firm has a market cap of $75.53 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a return on equity of 252.81% and a net margin of 18.00%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period last year, the business posted $2.76 earnings per share. The business’s revenue was up 18.4% on a year-over-year basis. As a group, equities research analysts expect that Aon plc will post 15.23 earnings per share for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Thursday, August 1st. AON’s payout ratio 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.