Dorsey & Whitney Trust CO LLC Trims Position in Aon plc (NYSE:AON)

Dorsey & Whitney Trust CO LLC reduced its holdings in Aon plc (NYSE:AON) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,933 shares of the financial services provider’s stock after selling 71 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in AON were worth $861,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AON. Frazier Financial Advisors LLC acquired a new stake in AON during the 4th quarter worth about $31,000. Rise Advisors LLC purchased a new position in AON during the first quarter valued at approximately $37,000. First United Bank & Trust acquired a new position in AON in the fourth quarter valued at approximately $44,000. Bruce G. Allen Investments LLC boosted its position in AON by 52.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 58 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of AON during the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

AON has been the topic of a number of recent analyst reports. Bank of America downgraded shares of AON from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $345.00 to $306.00 in a report on Wednesday, May 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $335.00 target price on shares of AON in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Wells Fargo & Company raised their price objective on AON from $287.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Finally, Barclays initiated coverage on AON in a research note on Wednesday, September 4th. They set an “overweight” rating and a $394.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $337.27.

AON Stock Performance

AON opened at $351.08 on Wednesday. Aon plc has a twelve month low of $268.06 and a twelve month high of $352.49. The firm has a market capitalization of $76.27 billion, a PE ratio of 27.51, a PEG ratio of 2.24 and a beta of 0.92. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. The firm’s 50-day moving average price is $322.40 and its 200 day moving average price is $309.54.

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). AON had a net margin of 18.00% and a return on equity of 252.81%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter last year, the company earned $2.76 earnings per share. AON’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, sell-side analysts expect that Aon plc will post 15.23 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.77%. AON’s dividend payout ratio is presently 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.