Relyea Zuckerberg Hanson LLC Cuts Position in Aon plc $AON

Relyea Zuckerberg Hanson LLC lowered its holdings in shares of Aon plc (NYSE:AON) by 2.7% during the second quarter, HoldingsChannel.com reports. The firm owned 1,388 shares of the financial services provider’s stock after selling 39 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in AON were worth $495,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AON. Vest Financial LLC purchased a new stake in AON in the 1st quarter worth $227,000. Wedmont Private Capital grew its position in shares of AON by 9.6% in the first quarter. Wedmont Private Capital now owns 2,046 shares of the financial services provider’s stock valued at $770,000 after purchasing an additional 179 shares during the period. Capital Investment Advisors LLC increased its stake in shares of AON by 5.0% during the first quarter. Capital Investment Advisors LLC now owns 1,917 shares of the financial services provider’s stock worth $765,000 after purchasing an additional 92 shares in the last quarter. Wesbanco Bank Inc. lifted its stake in AON by 0.3% in the 1st quarter. Wesbanco Bank Inc. now owns 11,940 shares of the financial services provider’s stock valued at $4,765,000 after buying an additional 31 shares in the last quarter. Finally, Portside Wealth Group LLC boosted its holdings in AON by 530.6% in the 1st quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider’s stock worth $4,412,000 after buying an additional 9,302 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wells Fargo & Company reissued an “overweight” rating and set a $438.00 target price (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Evercore ISI increased their price objective on AON from $421.00 to $427.00 and gave the company an “outperform” rating in a research note on Wednesday. Piper Sandler lifted their target price on shares of AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Jefferies Financial Group upgraded shares of AON from a “hold” rating to a “buy” rating and increased their target price for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. Finally, Cantor Fitzgerald upgraded shares of AON to a “strong-buy” rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $415.06.

AON Stock Up 0.9%

Shares of AON opened at $364.06 on Monday. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a fifty day simple moving average of $363.77 and a two-hundred day simple moving average of $363.61. The company has a market capitalization of $78.50 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.40 by $0.09. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. AON’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.93 earnings per share. As a group, equities analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON’s dividend payout ratio (DPR) is 24.96%.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.