Capital Investment Advisors LLC Has $658,000 Holdings in Aon plc $AON

Capital Investment Advisors LLC cut its holdings in Aon plc (NYSE:AON) by 3.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,843 shares of the financial services provider’s stock after selling 74 shares during the quarter. Capital Investment Advisors LLC’s holdings in AON were worth $658,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AON. NBC Securities Inc. acquired a new position in AON in the first quarter valued at approximately $693,000. Merit Financial Group LLC increased its holdings in shares of AON by 22.4% during the first quarter. Merit Financial Group LLC now owns 4,210 shares of the financial services provider’s stock valued at $1,680,000 after acquiring an additional 771 shares in the last quarter. Apella Capital LLC bought a new stake in shares of AON during the first quarter valued at approximately $288,000. Matrix Trust Co increased its holdings in shares of AON by 38.3% during the first quarter. Matrix Trust Co now owns 368 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 102 shares in the last quarter. Finally, Salvus Wealth Management LLC increased its holdings in shares of AON by 20.3% during the first quarter. Salvus Wealth Management LLC now owns 6,876 shares of the financial services provider’s stock valued at $2,744,000 after acquiring an additional 1,158 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AON has been the subject of several recent research reports. Wolfe Research initiated coverage on AON in a report on Monday, September 15th. They set a “peer perform” rating for the company. Jefferies Financial Group upgraded AON from a “hold” rating to a “buy” rating and boosted their price objective for the company from $400.00 to $426.00 in a report on Wednesday, July 30th. Wells Fargo & Company restated an “overweight” rating and set a $438.00 price objective (up previously from $436.00) on shares of AON in a report on Thursday, July 10th. Citigroup began coverage on AON in a report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price objective for the company. Finally, Barclays reissued an “overweight” rating and issued a $420.00 price target (up from $401.00) on shares of AON in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, AON currently has a consensus rating of “Moderate Buy” and an average price target of $415.06.

AON Price Performance

Shares of NYSE:AON opened at $360.61 on Friday. The company has a market capitalization of $77.76 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 2.13 and a beta of 0.89. The company’s 50-day moving average is $363.94 and its 200 day moving average is $364.18. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97.

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

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 1st. AON’s dividend payout ratio is currently 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.