Valley Wealth Managers Inc. Sells 77 Shares of Aon plc (NYSE:AON)

Valley Wealth Managers Inc. lessened its holdings in shares of Aon plc (NYSE:AON) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 858 shares of the financial services provider’s stock after selling 77 shares during the quarter. Valley Wealth Managers Inc.’s holdings in AON were worth $252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gryphon Financial Partners LLC raised its stake in shares of AON by 262.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock valued at $1,181,000 after acquiring an additional 2,989 shares during the period. California State Teachers Retirement System raised its position in AON by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 331,760 shares of the financial services provider’s stock valued at $96,549,000 after purchasing an additional 4,843 shares during the period. Radnor Capital Management LLC lifted its stake in AON by 203.6% during the first quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock worth $2,099,000 after purchasing an additional 4,218 shares in the last quarter. Norden Group LLC purchased a new position in shares of AON during the first quarter worth $2,044,000. Finally, Daiwa Securities Group Inc. raised its holdings in shares of AON by 14.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock valued at $7,056,000 after buying an additional 2,624 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AON shares. Wells Fargo & Company raised their target price on AON from $287.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Barclays began coverage on shares of AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 target price on shares of AON in a research note on Monday, August 5th. Bank of America cut shares of AON from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $345.00 to $306.00 in a research report on Wednesday, May 22nd. Finally, Citigroup assumed coverage on AON in a research report on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 price objective on the stock. 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $337.27.

AON Trading Down 0.1 %

AON opened at $347.85 on Friday. The company has a market cap of $75.57 billion, a P/E ratio of 27.26, a PEG ratio of 2.22 and a beta of 0.92. Aon plc has a one year low of $268.06 and a one year high of $352.49. The business’s 50-day simple moving average is $325.51 and its 200-day simple moving average is $310.28. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.42.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) 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 analyst estimates of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. AON’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.76 earnings per share. As a group, equities research analysts expect 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. Investors of record on Thursday, August 1st were given a $0.675 dividend. 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 (DPR) is currently 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.