ASB Consultores LLC Has $238,000 Stake in Aon plc (NYSE:AON)

ASB Consultores LLC cut its holdings in shares of Aon plc (NYSE:AON) by 16.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 811 shares of the financial services provider’s stock after selling 158 shares during the period. ASB Consultores LLC’s holdings in AON were worth $238,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its holdings in shares of AON by 3.9% during the first quarter. Proficio Capital Partners LLC now owns 1,016 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 38 shares during the last quarter. Avantax Advisory Services Inc. increased its position in AON by 5.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 38 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of AON by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,724 shares of the financial services provider’s stock worth $502,000 after acquiring an additional 39 shares during the last quarter. Essex Financial Services Inc. lifted its position in shares of AON by 4.0% during the second quarter. Essex Financial Services Inc. now owns 1,036 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 40 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of AON by 11.1% in the first quarter. GAMMA Investing LLC now owns 410 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 41 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AON shares. Deutsche Bank Aktiengesellschaft upped their price objective on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Wells Fargo & Company raised their price target on AON from $287.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Morgan Stanley dropped their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $313.00 to $380.00 in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, AON currently has an average rating of “Hold” and an average price target of $337.27.

AON Stock Performance

Shares of AON stock opened at $347.03 on Friday. The stock’s fifty day simple moving average is $330.75 and its 200 day simple moving average is $311.42. 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 company has a market capitalization of $75.46 billion, a PE ratio of 27.20, a PEG ratio of 2.26 and a beta of 0.92. Aon plc has a 12 month low of $268.06 and a 12 month high of $353.54.

AON (NYSE:AON) last released 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 net margin of 18.00% and a return on equity of 252.81%. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the firm earned $2.76 EPS. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, research analysts predict that Aon plc will post 15.23 EPS for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 1st. 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.