Abner Herrman & Brock LLC Has $22.82 Million Stock Position in Aon plc (NYSE:AON)

Abner Herrman & Brock LLC trimmed its stake in Aon plc (NYSE:AON) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,113 shares of the financial services provider’s stock after selling 746 shares during the period. AON accounts for 3.3% of Abner Herrman & Brock LLC’s portfolio, making the stock its 7th largest position. Abner Herrman & Brock LLC’s holdings in AON were worth $22,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Equitable Holdings Inc. grew its stake in AON by 2.3% during the 1st quarter. Equitable Holdings Inc. now owns 1,447 shares of the financial services provider’s stock worth $456,000 after buying an additional 32 shares during the last quarter. Penserra Capital Management LLC grew its stake in AON by 3.2% during the 4th quarter. Penserra Capital Management LLC now owns 1,060 shares of the financial services provider’s stock worth $317,000 after buying an additional 33 shares during the last quarter. Brookstone Capital Management grew its stake in AON by 2.8% during the 1st quarter. Brookstone Capital Management now owns 1,243 shares of the financial services provider’s stock worth $410,000 after buying an additional 34 shares during the last quarter. Legacy Wealth Asset Management LLC grew its stake in AON by 0.5% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 8,257 shares of the financial services provider’s stock worth $2,603,000 after buying an additional 37 shares during the last quarter. Finally, Exencial Wealth Advisors LLC grew its stake in AON by 0.6% during the 4th quarter. Exencial Wealth Advisors LLC now owns 6,143 shares of the financial services provider’s stock worth $1,844,000 after buying an additional 37 shares during the last quarter. 86.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In other AON news, Director Byron Spruell purchased 800 shares of AON stock in a transaction that occurred on Wednesday, August 23rd. The stock was bought at an average price of $324.57 per share, with a total value of $259,656.00. Following the acquisition, the director now owns 4,001 shares of the company’s stock, valued at approximately $1,298,604.57. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AON has been the topic of several research analyst reports. Bank of America boosted their price target on AON from $365.00 to $380.00 in a research note on Sunday, July 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $352.00 price target on shares of AON in a research note on Monday, July 31st. Morgan Stanley reiterated an “equal weight” rating and set a $340.00 price target on shares of AON in a research note on Tuesday, August 1st. Piper Sandler dropped their price target on AON from $325.00 to $322.00 and set a “neutral” rating on the stock in a research note on Monday, July 31st. Finally, StockNews.com assumed coverage on AON in a research note on Thursday, August 17th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $341.55.

AON Stock Performance

Shares of AON traded up $0.84 during mid-day trading on Thursday, reaching $336.18. The company had a trading volume of 160,167 shares, compared to its average volume of 811,940. The stock has a market capitalization of $68.20 billion, a P/E ratio of 26.10, a PEG ratio of 2.56 and a beta of 0.90. Aon plc has a 52-week low of $266.35 and a 52-week high of $347.37. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 61.66. The stock has a 50 day moving average of $329.65 and a two-hundred day moving average of $322.65.

AON (NYSE:AON) last released its quarterly earnings results on Friday, July 28th. The financial services provider reported $2.76 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.07). The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.17 billion. AON had a negative return on equity of 1,312.86% and a net margin of 20.78%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.63 EPS. On average, analysts expect that Aon plc will post 14.26 earnings per share for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were issued a $0.615 dividend. The ex-dividend date was Monday, July 31st. This represents a $2.46 dividend on an annualized basis and a yield of 0.73%. AON’s payout ratio is 19.16%.

AON Profile

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health 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.