Exchange Traded Concepts LLC Sells 1,931 Shares of Aon plc (NYSE:AON)

Exchange Traded Concepts LLC decreased its stake in Aon plc (NYSE:AON) by 90.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 209 shares of the financial services provider’s stock after selling 1,931 shares during the period. Exchange Traded Concepts LLC’s holdings in AON were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of AON. 180 Wealth Advisors LLC increased its holdings in shares of AON by 6.2% during the 1st quarter. 180 Wealth Advisors LLC now owns 910 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 53 shares during the period. Artemis Investment Management LLP raised its stake in shares of AON by 9.2% in the first quarter. Artemis Investment Management LLP now owns 168,901 shares of the financial services provider’s stock valued at $56,349,000 after purchasing an additional 14,292 shares in the last quarter. Sendero Wealth Management LLC lifted its position in AON by 6.0% in the first quarter. Sendero Wealth Management LLC now owns 3,057 shares of the financial services provider’s stock worth $1,020,000 after purchasing an additional 173 shares during the period. Kathmere Capital Management LLC raised its stake in shares of AON by 8.6% in the 1st quarter. Kathmere Capital Management LLC now owns 2,187 shares of the financial services provider’s stock valued at $730,000 after buying an additional 173 shares in the last quarter. Finally, WoodTrust Financial Corp raised its stake in shares of AON by 2.5% in the 1st quarter. WoodTrust Financial Corp now owns 5,288 shares of the financial services provider’s stock valued at $1,765,000 after buying an additional 128 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AON. Wells Fargo & Company increased their price objective on shares of AON from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised shares of AON from an “underperform” rating to an “outperform” rating and upped their target price for the stock from $313.00 to $380.00 in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their target price on shares of AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Piper Sandler upped their target price on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Barclays initiated coverage on shares of AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $347.06.

AON Stock Performance

AON stock opened at $358.29 on Thursday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. Aon plc has a 1 year low of $268.06 and a 1 year high of $363.46. The company has a market cap of $77.90 billion, a PE ratio of 28.08, a PEG ratio of 2.32 and a beta of 0.92. The company’s 50-day moving average is $347.63 and its two-hundred day moving average is $316.00.

AON (NYSE:AON) last announced its quarterly 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 firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. The business’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.76 earnings per share. Equities analysts anticipate that Aon plc will post 15.21 earnings per share for the current year.

AON Announces Dividend

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

AON 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.