Aon plc (NYSE:AON) Position Cut by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. trimmed its stake in Aon plc (NYSE:AON – Free Report) by 92.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,891 shares of the financial services provider’s stock after selling 24,811 shares during the quarter. Jefferies Financial Group Inc.’s holdings in AON were worth $653,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC boosted its position in AON by 3.3% during the 2nd quarter. CWA Asset Management Group LLC now owns 933 shares of the financial services provider’s stock worth $322,000 after acquiring an additional 30 shares during the period. Sage Mountain Advisors LLC raised its stake in shares of AON by 2.9% during the second quarter. Sage Mountain Advisors LLC now owns 1,091 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 31 shares in the last quarter. Roundview Capital LLC raised its stake in shares of AON by 1.3% during the second quarter. Roundview Capital LLC now owns 2,579 shares of the financial services provider’s stock valued at $890,000 after purchasing an additional 32 shares in the last quarter. Equitable Holdings Inc. raised its stake in shares of AON by 2.3% during the first quarter. Equitable Holdings Inc. now owns 1,447 shares of the financial services provider’s stock valued at $456,000 after purchasing an additional 32 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of AON by 3.2% during the fourth quarter. Penserra Capital Management LLC now owns 1,060 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 33 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors.

AON Price Performance

Shares of AON opened at $324.10 on Monday. The company has a market capitalization of $64.89 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 2.02 and a beta of 0.92. Aon plc has a fifty-two week low of $280.89 and a fifty-two week high of $347.37. The company has a debt-to-equity ratio of 61.66, a current ratio of 1.41 and a quick ratio of 1.41. The business’s 50-day moving average is $324.16 and its 200-day moving average is $326.95.

AON (NYSE:AON – Get Free Report) last issued its earnings results on Friday, October 27th. The financial services provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.11. AON had a negative return on equity of 1,685.76% and a net margin of 20.74%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the firm posted $2.02 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Aon plc will post 14.36 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.615 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $2.46 dividend on an annualized basis and a yield of 0.76%. AON’s dividend payout ratio is currently 18.71%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on AON in a research note on Wednesday, October 4th. They issued a “hold” rating and a $361.00 price objective on the stock. Piper Sandler dropped their price objective on AON from $322.00 to $318.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. Wells Fargo & Company downgraded AON from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $317.00 to $304.00 in a research note on Monday, October 30th. Jefferies Financial Group upped their price target on AON from $331.00 to $339.00 in a report on Friday, October 6th. Finally, Morgan Stanley upped their price target on AON from $340.00 to $357.00 and gave the company an “equal weight” rating in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, AON currently has a consensus rating of “Hold” and an average price target of $342.64.

Check Out Our Latest Analysis on AON

AON Profile (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.

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