Aon plc (NYSE:AON) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lessened its holdings in Aon plc (NYSE:AON) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,179 shares of the financial services provider’s stock after selling 151 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in AON were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AON. Y.D. More Investments Ltd acquired a new position in AON during the second quarter worth $31,000. Norden Group LLC acquired a new stake in shares of AON in the first quarter valued at about $2,044,000. Daiwa Securities Group Inc. boosted its holdings in AON by 14.2% during the first quarter. Daiwa Securities Group Inc. now owns 21,145 shares of the financial services provider’s stock worth $7,056,000 after buying an additional 2,624 shares in the last quarter. Vanguard Group Inc. grew its position in AON by 0.4% during the first quarter. Vanguard Group Inc. now owns 17,661,672 shares of the financial services provider’s stock worth $5,894,053,000 after buying an additional 64,500 shares during the period. Finally, Vontobel Holding Ltd. increased its holdings in AON by 150.4% in the third quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock valued at $33,326,000 after buying an additional 57,847 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

AON has been the topic of a number of research reports. Morgan Stanley lowered their price target on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and raised their price target for the company from $313.00 to $380.00 in a research report on Tuesday, July 30th. Jefferies Financial Group lifted their price target on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Finally, Bank of America upped their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $349.69.

AON Trading Up 5.2 %

NYSE AON opened at $375.44 on Monday. The company has a 50-day moving average of $349.01 and a 200-day moving average of $316.66. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.42. Aon plc has a 12 month low of $268.06 and a 12 month high of $389.21. The company has a market cap of $81.56 billion, a P/E ratio of 31.68, a P/E/G ratio of 2.43 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.45 by $0.27. AON had a net margin of 16.32% and a return on equity of 107.43%. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.70 billion. As a group, equities analysts predict that Aon plc will post 15.25 earnings per share for the current year.

AON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, November 1st. AON’s dividend payout ratio (DPR) is presently 22.78%.

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.