Aon plc $AON Stake Cut by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust decreased its holdings in shares of Aon plc (NYSE:AON) by 45.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,587 shares of the financial services provider’s stock after selling 3,840 shares during the quarter. Parkside Financial Bank & Trust’s holdings in AON were worth $1,636,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Covestor Ltd increased its stake in AON by 113.5% in the third quarter. Covestor Ltd now owns 222 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 118 shares during the period. Boston Common Asset Management LLC lifted its stake in AON by 13.0% in the third quarter. Boston Common Asset Management LLC now owns 39,365 shares of the financial services provider’s stock valued at $14,037,000 after buying an additional 4,532 shares during the period. Vest Financial LLC boosted its holdings in AON by 35.0% during the third quarter. Vest Financial LLC now owns 894 shares of the financial services provider’s stock worth $319,000 after buying an additional 232 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of AON during the 3rd quarter worth about $46,000. Finally, Sage Mountain Advisors LLC raised its position in shares of AON by 7.4% in the 3rd quarter. Sage Mountain Advisors LLC now owns 1,515 shares of the financial services provider’s stock valued at $540,000 after acquiring an additional 105 shares during the period. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AON. TD Cowen decreased their price objective on shares of AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Mizuho set a $387.00 price objective on shares of AON in a research report on Wednesday, January 14th. Wells Fargo & Company reduced their target price on AON from $449.00 to $448.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. The Goldman Sachs Group set a $395.00 price target on AON in a report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods boosted their price objective on AON from $410.00 to $416.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AON currently has an average rating of “Moderate Buy” and a consensus price target of $408.47.

AON Trading Up 0.9%

AON stock opened at $335.86 on Friday. The stock has a 50-day simple moving average of $348.90 and a 200 day simple moving average of $354.45. The stock has a market capitalization of $72.19 billion, a P/E ratio of 26.91, a PEG ratio of 1.69 and a beta of 0.84. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97.

AON (NYSE:AON) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. AON had a return on equity of 48.88% and a net margin of 15.96%.The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the firm posted $2.72 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. Analysts expect that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Monday, February 2nd will be paid a dividend of $0.745 per share. The ex-dividend date is Monday, February 2nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. AON’s dividend payout ratio (DPR) is 23.88%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.