Oppenheimer & Co. Inc. Trims Stock Position in Aon plc (NYSE:AON)

Oppenheimer & Co. Inc. lessened its holdings in shares of Aon plc (NYSE:AONFree Report) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 857 shares of the financial services provider’s stock after selling 62 shares during the period. Oppenheimer & Co. Inc.’s holdings in AON were worth $278,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. grew its stake in AON by 5.7% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,978 shares of the financial services provider’s stock valued at $641,000 after acquiring an additional 106 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new position in AON in the 3rd quarter valued at about $400,000. Premier Fund Managers Ltd boosted its holdings in AON by 0.9% in the 3rd quarter. Premier Fund Managers Ltd now owns 10,751 shares of the financial services provider’s stock valued at $3,540,000 after purchasing an additional 100 shares during the last quarter. Keybank National Association OH boosted its holdings in AON by 6.8% in the 3rd quarter. Keybank National Association OH now owns 7,298 shares of the financial services provider’s stock valued at $2,366,000 after purchasing an additional 467 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new position in AON in the 3rd quarter valued at about $4,507,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a report on Tuesday, January 9th. TD Cowen assumed coverage on shares of AON in a report on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 target price on the stock. Keefe, Bruyette & Woods lowered shares of AON from a “market perform” rating to an “underperform” rating and set a $328.00 target price on the stock. in a report on Friday, December 15th. Royal Bank of Canada decreased their price objective on shares of AON from $342.00 to $325.00 and set a “sector perform” rating on the stock in a report on Monday, February 5th. Finally, Wells Fargo & Company decreased their price objective on shares of AON from $304.00 to $295.00 and set an “underweight” rating on the stock in a report on Thursday, December 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $336.36.

View Our Latest Stock Analysis on AON

Insider Transactions at AON

In other AON news, Director Lester B. Knight acquired 50,000 shares of the stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the transaction, the director now owns 134,000 shares in the company, valued at approximately $40,463,980. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.15% of the company’s stock.

AON Price Performance

AON stock opened at $310.03 on Tuesday. The firm has a market cap of $62.07 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 1.89 and a beta of 0.86. Aon plc has a 52-week low of $280.89 and a 52-week high of $347.37. The company has a quick ratio of 1.41, a current ratio of 1.27 and a debt-to-equity ratio of 61.66. The company’s 50 day moving average is $303.20 and its two-hundred day moving average is $318.13.

AON (NYSE:AONGet Free Report) last announced its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 EPS for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same period in the prior year, the company posted $3.89 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts expect that Aon plc will post 15.93 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a dividend of $0.615 per share. The ex-dividend date is Wednesday, January 31st. This represents a $2.46 annualized dividend and a dividend yield of 0.79%. AON’s dividend payout ratio is currently 19.71%.

About AON

(Free Report)

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.

See Also

Institutional Ownership by Quarter for AON (NYSE:AON)

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